Ball and partner will build beverage-can factory in Vietnam

Ball Corp. said Tuesday that it will help build a beverage-can factory in Vietnam to slake the thirst of the country’s growing middle class.

Ball said the plant would be a joint venture with partner Thai Beverage Can Ltd Production is expected to begin in the first half of 2012. Ball valued the project at $45 million including equipment it will provide.

The two companies have operated a can plant in Thailand since 1996. The factory in Vietnam will be able to produce 850 million cans.

Ball shares rose 56 cents to close at $36.24.

http://www.canadianbusiness.com/markets/market_news/article.jsp?content=D9LRAV3O0

Tags: Vietnam business news, Vietnam companies

Posted by bobbiecuster on Mar 9 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry