Speciality cans drive Ball's volume growth

摘要

Despite rising global demand for its beverage cans, second-quarter revenue at Ball Corporation slipped by 2.7 per cent to US$3.02 billion, compared with the same period in 2018, due to tight supply conditions and higher short-term costs. Net profit for the three months, however, jumped by 65.5 per cent to $197 million. The results reflect the sale of a share of the canmaker's US steel food and aerosol business in July 2018 to private equity. Ball is also in the process of selling its beverage can operations in China to ORG Packaging.