Cairo – Mubasher: US manufacturer of metal and plastic beverage cans Ball Corporation considers pumping $60 million investments into Egypt, said Tarek Kabil, Minister of Trade and Industry.
The global company seeks to establish a third production line with investments worth EGP 840 million and annual capacity up to 1.7 billion cans, the minister added.
The minister further emphasized the importance of increasing the local component to 15% at a total value of EGP 60 million in cooperation with Egypt Aluminum Company.
Ball Corporation is a renowned manufacturer of metal and plastic beverage cans in North America. It produces cans in more than 20 sizes with innovative packaging solutions such as re-closable cans, enhanced graphics and Alumi-Tek bottles. About 35% of its products are exported to external markets.
