Ball Packaging’s Serb Plant More Than Doubled Net Income in 2012Misha Savic
Ball Packaging Europe’s can-making plant in Serbia more than doubled net income last year on cost-cutting and an increase in output after an expansion.
Profit soared to as much as 7.5 million euros ($10 million) from 3 million euros in 2011 as production rose by two-thirds to 1.3 billion cans, General Manager David Banjai said in a phone interview, ahead of official results next month. The company, part of Ball Corp., added a 35 million-euro can-making line at the factory near Belgrade in the second half of 2011.
This year’s production is expected to reach full capacity of 1.5 billion cans on new export markets, including Libya, where the plant plans to sell 300 million cans to a PepsiCo Inc. bottler, Banjai said.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap’s Market Value
- China Regulator Seizes Anbang, Chairman Faces Fraud Prosecution
- The Two Words That Will Help Get an Airline Upgrade Over the Phone
- Snap CEO Evan Spiegel Got $638 Million in Year of Firm's IPO
- Apple Plans Upgrades to Popular AirPods Headphones