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Ball Corp to Build Two-Line Beverage Can Plant in Uttar Pradesh by 2029
Ball Corporation has announced plans to build a new two-line beverage can manufacturing facility in Uttar Pradesh, India, expanding its manufacturing footprint in one of its most important strategic growth markets. The project, backed by secured customer contracts, is expected to deliver strong EVA and is in line with the company's expectation that capital expenditure will average depreciation and amortization over time, with the facility expected to become operational in 2029. Ball Corp entered India in 2016 and already operates facilities in Taloja and Sri City that supply a wide range of beverage can formats for global and leading domestic brands, and the company aims to establish a plant network spanning the majority of the country. Ball's India operations sit within its Beverage Packaging, EMEA segment, which accounted for 31% of second quarter 2026 sales; segment sales rose 10.6% to $1.24 billion and comparable operating earnings increased 6.6% to $162 million, with shipments growing at a mid-single-digit rate. Ball Corp reported comparable earnings of $1.03 per share for the second quarter of 2026, up 14.4% year over year and 4% above the Zacks Consensus Estimate of 99 cents, while total sales climbed 19.7% to $3.98 billion and beat the consensus mark of $3.67 billion by 9%, with global shipment growth of 4.3% exceeding the company's long-term volume growth of 2-3%.