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2008-04-23
Manufacturing News
Beverage can manufacturing plant to close in Kent, WA The Ball Corporation beverage can manufacturing plant located in Kent, Washington USA is to close its operations later this year, displacing over one hundred employees.
Ball Corporation announced today that it will close its aluminum beverage can manufacturing plant in Kent, Washington, USA, in the third quarter of 2008. A pretax charge of approximately $12 million ($7 million after-tax) will be recorded in the company's second quarter results. On final disposition of the facilities, the closure is expected to be approximately $4 million cash positive inclusive of income tax benefits. The 28-year-old Kent plant is one of Ball's smaller metal beverage can manufacturing facilities. It operates two production lines capable of producing about 1.1 billion, 12-ounce beverage cans per year and employs 111 people. "The viability of the Kent plant in the current market became increasingly unsustainable," said John R. Friedery, senior vice president and president of Ball's metal beverage packaging division, Americas and Asia. The Kent facility is a 175,000-square-foot facility located 25 miles south of Seattle. High-speed lines produce aluminum beverage cans.
The plant opened in 1980, and was acquired by Ball Corporation in 1998 with the acquisition of the beverage can assets of Reynolds Metals Company. The equipment from Kent will be redeployed within Ball's worldwide beverage can system where the company can earn a better return on those assets. Location: Ball Corporation (NYSE: BLL) is a supplier of high-quality metal and plastic packaging for beverage, food and household products customers, and of aerospace and other technologies and services, primarily for the U.S. government. If you're an employer looking to fill a job opening, click here to find out about posting your job listing through Jobwerx.com. See all the Press Releases from Ball Corporation sites. Read a recent article about -
. FlexLine, first bottling line
designed for ultralight PET bottles
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