Manna Capital Partners, a minority-owned business enterprise and investment firm, and Ball Corporation, a leading global provider of infinitely recyclable aluminum beverage packaging, have announced an alliance in which Manna will construct and operate a state-of-the-art aluminum can sheet rolling mill and recycling center in Los Lunas in New Mexico. Ball will enter into a long-term supply agreement and also intends to take a minority equity position in the mill. Today's announcement demonstrates both companies' commitment to creating a more robust and sustainable domestic supply chain for the growing beverage packaging market.Global aluminum can demand is expected to increase significantly by 2030, with North America estimated to account for a sizeable part of the growth. Since 2016, industry demand for beverage cans in North America has grown 24% from 107 billion units to approximately 133 billion units in 2021. While the industry in North America has relied on imported aluminum can sheet coils to meet demand, alliances like this one will allow Ball and its key customers to access more domestically produced aluminum can sheet and remove impediments to growth.
Manna Capital Partners, a minority-owned business enterprise and investment firm, and Ball Corporation, a leading global provider of infinitely recyclable aluminum beverage packaging, have announced an alliance in which Manna will construct and operate a state-of-the-art aluminum can sheet rolling mill and recycling center in Los Lunas in New Mexico. Ball will enter into a long-term supply agreement and also intends to take a minority equity position in the mill. Today's announcement demonstrates both companies' commitment to creating a more robust and sustainable domestic supply chain for the growing beverage packaging market.Global aluminum can demand is expected to increase significantly by 2030, with North America estimated to account for a sizeable part of the growth. Since 2016, industry demand for beverage cans in North America has grown 24% from 107 billion units to approximately 133 billion units in 2021. While the industry in North America has relied on imported aluminum can sheet coils to meet demand, alliances like this one will allow Ball and its key customers to access more domestically produced aluminum can sheet and remove impediments to growth.
