BALL CORPORATION

(BALL)
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Delayed Nyse  -  04:00 2022-08-08 pm EDT
56.98 USD   +1.10%
08/08Morgan Stanley Adjusts Price Target for Ball to $56 From $75, Maintains Equalweight Rating
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08/08Barclays Lowers Ball's Price Target to $55 From $80, Keeps Equalweight Rating
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08/08JPMorgan Downgrades Ball Corp. to Neutral From Overweight, Adjusts Price Target to $58 From $80
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Ball : to Open an Aluminum Can Plant in Peru

06/16/2022 | 01:03pm EDT

PERU, June 15, 2022 - Based on the growing aluminum can demand worldwide, Ball Corporation (NYSE: BALL) is expanding its operations in South America, landing in Peru with a new manufacturing plant in the city of Chilca. The operation will have production capacity of over 1 billion beverage cans a year and will start up in 2023.

The announced investment will allow the company to better serve the growing packaging market in Peru and neighboring countries. Located in a 95,000 square meter area in Chilca, Peru, Ball's operation will offer more than 100 direct and 300 indirect new positions thanks to an investment that will be dedicated to the production of multisize aluminum cans.

"We are pleased to announce the opening of a new plant in Peru, a country where consumption of canned drinks has been increasing considerably in the last few years," said Fauze Villatoro, Commercial Vice President for Ball Beverage Packaging South America. "With this investment, we can respond to the market in a more solid way and be closer to our customers in the country, always with the most sustainable package in the beverage industry."

Ball Corporation is headquartered in Colorado (USA) and supplies sustainable and innovative aluminum packaging for beverage, personal care and household products, as well as aerospace solutions and other technologies. It employs more than 24,000 people worldwide and has 15 plants in South America, located in Brazil, Chile, Argentina, and Paraguay.

In recent years, the company has been following a sustainable and long-term growth and expansion strategy, keeping up with the growing demand for aluminum beverage cans. Brands and consumers have been increasingly choosing the can for their great convenience and because it is the most sustainable solution for the beverage industry, since it can be 100% and infinitely recycled. Recently, Ball Corporation positioned itself as a pioneer in sustainability in the continent by launching the first cans with the Aluminium Stewardship Initiative (ASI) certification in America.

About Ball Corporation

Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products for customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion. For more information, visit www.ball.com, or connect with us on Facebook, Twitter, Quierolata Instagram or Quierolata Facebook.

Press contact - Edelman:

Alanis Buchanan - alanis.buchanan@edelman.com

Fiamma Nudo - fiamma.nudo@edelman.com

Camila Garay - camila.garay@edelman.com

Disclaimer

Ball Corporation published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 17:02:03 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2022 15 802 M - -
Net income 2022 816 M - -
Net Debt 2022 8 198 M - -
P/E ratio 2022 22,1x
Yield 2022 1,45%
Capitalization 17 909 M 17 909 M -
EV / Sales 2022 1,65x
EV / Sales 2023 1,62x
Nbr of Employees 24 300
Free-Float 45,6%
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 56,98 $
Average target price 65,89 $
Spread / Average Target 15,6%
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Managers and Directors
Daniel W. Fisher President, Chief Executive Officer & Director
Scott Charles Morrison Chief Financial Officer & Executive Vice President
John Arthur Hayes Chairman
Stuart A. Taylor Lead Independent Director
Georgia R. Nelson Independent Director
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