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

Courtesy Photo
Work stoppage in Kent halts Republic Services collections | Update

Day 2: Drivers honor strikes in Thurston County and other states against waste collection company

Valley Medical Center in Renton. Photo by Bailey Jo Josie/Sound Publishing
Update on Valley Medical Center’s recent challenges

District board pauses some cutbacks

Kent-based Blue Origin’s New Shepard rocket prepares for liftoff June 29 in West Texas. COURTESY VIDEO SCREENSHOT, Blue Origin
Kent-based Blue Origin completes 13th human spaceflight

Company has flown 70 people into space after June 29 mission

Staff at the new Riverbend Bar & Grill, 2019 W. Meeker St. in Kent. COURTESY PHOTO, City of Kent
Riverbend Bar & Grill in Kent launches soft opening

New restaurant next to golf complex to offer plenty of sports on TV screens

t
Rite Aid to close Des Moines distribution center; lay off 131

Company had hired more employees at facility 17 months ago but most stores now to close or be sold

Courtesy Photo, Rite Aid
Two Kent Rite Aid locations on potential sale, closure list

Company files for bankruptcy with plans to sell or close stores

Courtesy Photo
Safeway distribution center in Auburn fined for violating new law

Fined $26,000 for quota-related safety and workplace rights violations

t
Ezee Fiber breaks ground in Kent for new internet system

Residents will have another option once company completes construction

t
Kent-based Blue Origin’s space flight draws praise, criticism

Katy Perry sings ‘What a Wonderful World’ during all-female crew flight; some critical of exclusivity

Courtesy Photo, U.S. DOJ
Jury indicts man for stealing nearly $1M from Kent company

Man faces six counts of wire fraud for alleged scheme while IT manager at Algas-SDI

Blue Origin’s New Shepard booster nears touchdown Feb. 4, 2025 in Texas during the NS-29 flight. COURTESY PHOTO, Blue Origin
Kent-based Blue Origin sets all-female flight for April 14

Singer Katy Perry among crew on New Shepard-31 to launch from West Texas

The city-owned Riverbend Golf Complex in Kent will soon have its fifth restaurant in the last 15 years at 2019 W. Meeker St., when the Riverbend Bar and Grill opens this spring. COURTESY PHOTO
New restaurant coming soon to Kent’s Riverbend Golf Complex

Riverbend Bar and Grill scheduled to open this spring at city-owned facility