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Ball to invest in Vietnam
14 March 2011: Ball Corporation, supplier of rigid metal packaging products and services, primarily to the beverage and food industries, plans to build a new beverage can plant in Vietnam to cater to the increasing demand from the growing middle class in South East Asia.
The company has signed a joint agreement with Thai Beverage Can (TBC) to build the new plant in the Tan Uyen district in Binh Duong province. Ball will hold an approximately 50 per cent economic interest in the partnership.
Including contributed equipment by Ball, the factory has a total value of approximately $45 million (approx Rs 202.5 crore) and is expected to begin production in the first half of 2012. Initially, the plant will have an annual production capacity of 850 million cans and will supply contracted customers in Vietnam and export beverage cans to neighbouring countries.
Source: Bakeryandsncaks