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Article: BALL CORPORATION, BBM PARTICIPACOES S.A. TO FORM BRAZILIAN JOINT VENTURE
- Article from:
- PR Newswire
- Article date:
- June 13, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MUNCIE, Ind., June 13 /PRNewswire/ -- Ball Corporation (NYSE: BLL) and BBM Participacoes S.A. of Rio de Janeiro have signed a letter of intent to establish a joint venture company to manufacture aluminum beverage containers in Brazil. Formation of the joint venture is subject to Brazilian government and certain other approvals. Ball and BBM plan to begin plant construction soon after all approvals are received.
Ball and BBM, a Brazilian investment company of the BBM financial group, each will hold a 50 percent interest in the joint venture, which will produce in excess of 1.5 billion cans and ends annually. The Overseas Private Investment Corporation board of ...