Ball, a manufacturer of metal packaging for beverage, food and household products, has unveiled plans to build a one-line beverage can facility in Asunción, Paraguay.
The firm is also planning add capacity at its facility in Buenos Aires, Argentina and end manufacturing plant in Asunción.
Ball expects the investments to help serve increasing demand for standard and specialty aluminum beverage packaging in Paraguay, Bolivia and Argentina, as well as support various customer demands with multiple can sizes.
Ball Corporation South America beverage packaging president Carlos Pires said: "The economy is growing and demand for aluminum beverage packaging is increasing in Paraguay and surrounding countries, as more people are consuming beer and other refreshing drinks and more customers are converting to more sustainable, infinitely recyclable beverage cans."
In Argentina, cans will continue to grow and volumes are expected to double from 2016 to 2019.
Pires said the investments will enable the company to expand its geographic reach into a new and growing market, as well as be closer to its customers in the area, which aligns with its long-term vision for growth.
The Asunción plant is planned to be commissioned in the fourth quarter of 2019 while its capacity is contracted under long-term agreements.
Ball and its subsidiaries employ 18,450 people globally. the company's net sales were $9.1bn in 2016.