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.

  • BY Wire Service
  • Monday, June 2, 2008 1:51pm
  • Business

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.




Talk to us

Please share your story tips by emailing editor@kentreporter.com.

To share your opinion for publication, submit a letter through our website https://www.kentreporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) Please keep letters to 300 words or less.

More in Business

t
Kent-based Blue Origin completes seventh human spaceflight

Six-member crew included Ed Dwight, the nation’s first Black astronaut candidate in the 1960s

t
Christie Nelson new leader of John L. Scott office that serves Kent

Office also handles Covington and Maple Valley with 60 brokers

t
Kent-based Blue Origin’s seventh human flight set for May 19

New Shepard-25 will launch from West Texas

t
Kent-based Blue Origin announces crew for next space flight

6 members to include former Air Force captain selected in 1961 as first Black astronaut candidate

t
Kent man among 40 Under 40 honorees by Puget Sound Business Journal

Andy Song, 33, works as chief operating officer at Kids and Family Counseling

Black Press Media operates Sound Publishing, the largest community news organization in Washington State with dailies and community news outlets in Alaska.
Black Press Media concludes transition of ownership

Black Press Media, which operates Sound Publishing, completed its sale Monday (March 25), following the formerly announced corporate restructuring.

t
Kent Police to host Business Crime Prevention Summit

Meeting set for Thursday, April 25 at the accesso ShoWare Center

t
Owner, manager of Kent Subway illegally took employees’ tips

One of 10 Subway locations in state investigated by U.S. Department of Labor

t
New Kent international market holds grand opening on West Hill

Queen Safa Market and Deli open at 23424 on Pacific Highway S.

File photo
Boeing has 90 days to create comprehensive action plan, says FAA

The FAA continues its investigation into the flight that depressurized because of a door malfunction

t
Curry Pizza House opens first Washington location in Kent

Restaurant on the East Hill along 104th Avenue SE