Aug 15 Packaging products maker Ball Corp
said it will shut down two North American plants that
make beverages cans, and expects to take a $30 million charge
mainly in the third quarter.
Ball plans to stop production at its metal beverage
packaging plants in Columbus, Ohio, and Gainesville, Florida, by
the end of the fourth quarter.
The 235 employees from both plants can apply for open
positions within Ball, the company said in a statement.
Ball said it is closing the plants to address the loss of
standard 12-ounce beverage can volume and focus on specialty
beverage can packaging.
Shares of Ball Corp, which has a market value of about $6.5
billion, have risen 4 percent in the last three months. They
closed at $42.65 on Wednesday on the New York Stock Exchange.