Ball Corporation to close manufacturing plant in Kent

Ball Corporation announced April 23 that it will close its aluminum-beverage, can-manufacturing plant in Kent 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.

Ball Corporation announced April 23 that it will close its aluminum-beverage, can-manufacturing plant in Kent 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 beverage-can manufacturing facilities. The facility 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.

Ball acquired the plant in 1998 as part of the acquisition of the metal 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.

Ball Corporation 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. Ball Corporation and its subsidiaries employ more than 15,500 people worldwide and reported 2007 sales of approximately $7.4 billion.

More in Business

Kent Chamber delivers Business Excellence Awards at recent gala

Individuals, companies honored for their work, service

Labor market strengthens further in May

8,500 jobs jobs added statewide for the month

Northwest Harvest receives new solar panels

PSE’s Green Power program funds project for Kent warehouse

Hungry Kent welcomes opening of Sonic Drive-In

New location on East Hill represents the 18th Sonic in the state, ninth regionally

Sonic Drive-In plans June 18 opening in Kent

At corner of 116th Avenue SE and Kent Kangley Road

Roof lights brighten downtown Kent Historic District

Miller receives award for project that includes 51 buildings

Alaska Airlines pilots fund expansion at Children’s Therapy Center

$20,000 grant will support outdoor facilities in Kent

Kent-based Oberto signs Bobby Wagner to promote product

Seahawks linebacker to help market jerky