New partnership for rolling mill in New Mexico
Ball Corporation is partnering with private investment firm Manna Capital Partners, in which Manna will construct and operate an aluminium can sheet rolling mill and recycling center in Los Lunas, New Mexico, US.
Ball will enter into a long-term supply agreement and intends to take a minority equity position in the mill. The financial terms have not been disclosed. The partnership aims to create a sustainable domestic supply chain for the growing beverage packaging market.
Ball and other customers of the new mill will be provided high recycled content aluminium can sheets under long-term supply agreements.
The mill is expected to be operational in 2026, and further investment in used beverage can (UBC) recycling infrastructure is anticipated to supply the rolling mill with enough scrap material.