ARIZONA – Ball Corp.’s grew more in the third quarter as global demand for its aluminum beverage cans keeps rising, a trend the manufacturer expects to last a few years even as renewed pandemic restrictions kick in around the world, the company informed during its last quarter report.
As a result, the company is already planning to fully build out the manufacturing capacity of its new Glendale, Arizona can plant, something it did not originally expect to do for three years.
The company informed can demand jumped 9% in the third-quarter, and the seasonal slowdown that often happens in the fourth quarter so far has not emerged.
“Our beverage can capacity in each region is sold out in advance of new capacity coming online,” said John Hayes, Ball Corp. chairman, president and CEO.
Growth in aluminum can use remains the expectation for the foreseeable future despite the economic effects of the COVID-19 pandemic, the company said.
Hayes said the current lockdowns being enacted in Europe are not as limiting on movement as the lockdowns were in the spring, and the company expects to keep manufacturing at full capacity and its expansion projects remained on schedule.
Source: Border Now December 2020 Edition