Ball to Close Can Plants in St. Paul and Phoenix – Delay Opening of Nevada Plant
Ball Corp. announced yesterday that it will close its St Paul, Minnesota and Phoenix, Arizona can manufacturing plants and delay the construction of a new facility in Nevada.
In a press release detailing second quarter 2022 financial results, the company said the closures were in “response to the deceleration in customer demand late in the second quarter.”
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Shares of Ball Corp. plunged after the company posted a loss for its latest quarter and announced the closure of the two plants.
There were no dates given for the closure and the company said that all can manufacturing would be moved to other plants owned by Ball, which is based in Denver, Colorado.