BROOMFIELD, Colo., April 29, 2020 /PRNewswire/ -- Ball Corporation's
(NYSE: BLL) aluminum cup has been recognized in Fast Company's 2020
World Changing Ideas Awards with an honorable mention in the
consumer products category. Now in its fourth year, Fast Company's
World Changing Ideas Awards honor products, concepts, companies,
policies, and designs that are pursuing innovation for the good of
society and the planet.
"We are honored that Fast Company recognized the Ball Aluminum
Cup™ as a world changing idea," said Daniel W. Fisher, senior
vice president and chief operating officer, Global Beverage
Packaging. "We designed the cup to provide consumers with a better,
more sustainable way to enjoy their favorite beverages while
helping to alleviate pollution associated with single-use plastic
cups. We look forward to ramping up production of the aluminum cup
later this year and eventually expanding its adoption to bars,
breweries and retail locations across the
United States."
Ball, an established leader in sustainable aluminum packaging
solutions for beverage, personal care and household products,
launched the U.S. pilot of its infinitely recyclable aluminum cups
in September 2019. In response to
growing consumer demand for sustainable products, Ball identified
an opportunity to create an innovative alternative to plastic cups.
Just like an aluminum can (which has a global recycling rate of 69
percent), the aluminum cup can be recycled an infinite number of
times without losing quality. In fact, 75 percent of aluminum ever
produced is still in use today. Lightweight, sturdy and cool to the
touch, the aluminum cup offers consumers a better beverage drinking
experience and is a game changer for major entertainment venues and
concessionaires looking to be more sustainable.
A limited supply of aluminum cups are being produced through
2020 for use in areas where plastic cups are common, including
entertainment venues and major concessionaires. The aluminum cup
has been available to consumers at venues across the country,
including the Pepsi Center, Mercedes Benz Stadium and Hard Rock
Stadium. In October, Ball broke ground on its first dedicated
aluminum cups manufacturing facility in Rome, Ga.
A full list of the 2020 Fast Company winners can be found here.
For more information about the Ball Aluminum Cup™, visit
www.ball.com/cups.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products customers, as well as aerospace and other technologies and
services primarily for the U.S. government. Ball Corporation and
its subsidiaries employ more than 18,300 people worldwide and
reported 2019 net sales of $11.5
billion. For more information, visit www.ball.com, or
connect with us on Facebook or Twitter.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," "targets," "likely,"
"positions" and similar expressions typically identify
forward-looking statements, which are generally any statements
other than statements of historical fact. Such statements are based
on current expectations or views of the future and are subject to
risks and uncertainties, which could cause actual results or events
to differ materially from those expressed or implied. You should
therefore not place undue reliance upon any forward-looking
statements and any such statements should be read in conjunction
with, and, qualified in their entirety by, the cautionary
statements referenced below. The company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Key factors, risks and uncertainties that could cause actual
outcomes and results to be different are summarized in filings with
the Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and at www.sec.gov.
Additional factors that might affect: a) our packaging segments
include product capacity, supply, and demand constraints and
fluctuations; availability/cost of raw materials and logistics;
competitive packaging, pricing and substitution; changes in climate
and weather; footprint adjustments and other manufacturing changes,
including the startup of new facilities and lines; failure to
achieve synergies, productivity improvements or cost reductions;
mandatory deposit or other restrictive packaging laws; customer and
supplier consolidation; power and supply chain interruptions,
including due to virus and disease outbreaks; potential delays and
tariffs related to the U.K's departure from the EU; changes in
major customer or supplier contracts or a loss of a major customer
or supplier; political instability and sanctions; currency
controls; changes in foreign exchange or tax rates; and tariffs,
trade actions, or other governmental actions, including business
restrictions and shelter-in-place orders in any country affecting
goods produced by us or in our supply chain, including imported raw
materials, such as those related to COVID-19 and those pursuant to
Section 232 of the U.S. Trade Expansion Act of 1962 or Section 301
of Trade Act of 1974; b) our aerospace segment include funding,
authorization, availability and returns of government and
commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts; c) the company as a
whole include those listed plus: the extent to which
sustainability-related opportunities arise and can be capitalized
upon; changes in senior management, succession, and the ability to
attract and retain skilled labor; regulatory action or issues
including tax, environmental, health and workplace safety,
including U.S. FDA and other actions or public concerns affecting
products filled in our containers, or chemicals or substances used
in raw materials or in the manufacturing process; technological
developments and innovations; the ability to manage cyber threats
and the success of information technology initiatives; litigation;
strikes; disease; pandemic; labor cost changes; rates of return on
assets of the company's defined benefit retirement plans; pension
changes; uncertainties surrounding geopolitical events and
governmental policies both in the U.S. and in other countries,
including policies, orders and actions related to COVID-19, the
U.S. government elections, budget, sequestration and debt limit;
reduced cash flow; interest rates affecting our debt; and
successful or unsuccessful joint ventures, acquisitions and
divestitures, and their effects on our operating results and
business generally.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/ball-aluminum-cup-recognized-in-fast-companys-2020-world-changing-ideas-awards-301049097.html
SOURCE Ball Corporation