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Ball Corporation invests $60m in Indian aluminium packaging plant
Yahoo Financeยท 2025-11-17 14:38
Core Insights - Ball Corporation is investing $60 million to expand its production capacity in Sri City, India, enhancing its regional supply chain [1] - The Indian beverage can market is expected to grow over 10% annually until 2030, driven by consumer preference for sustainable packaging [2] - Ball's recent expansions in Taloja and Sri City indicate a commitment to further investments in the Indian market [3] - The company reported net sales of $11.08 billion in 2024, excluding its divested aerospace business [4] - Ball has reaffirmed its outlook for 2025 full-year comparable diluted earnings per share growth of 12% to 15% [5] Company Developments - Ball Corporation operates facilities in Taloja and Sri City, supplying beverage can sizes from 185ml to 500ml [3] - Ronald J Lewis has been appointed as the new CEO, succeeding Daniel W Fisher, with no reported disagreements leading to the change [4] - The company employs approximately 16,000 people globally [4]