Ball Corporation Closing Plant in Torrance, Calif., and Lay Off 131

Ball Corporation will close a plant in Torrance, Calif., and cut 131 jobs on Aug. 11, 2011.

Ball Corporation is a supplier of metal packaging to the beverage, food and household products industries.  The Company’s packaging products are produced for a range of end uses and are manufactured in plants globally.  It also supplies aerospace and other technologies and services to governmental and commercial customers within its aerospace and technologies segment.  During the year ended December 31, 2010, its product lines included aluminum and steel beverage containers, which accounted for 73% of its total net sales and 82% of its total earnings before interest and taxes.  It also produces steel food containers and steel aerosol containers for beverages and foods, as well as steel paint cans, decorative steel tins and aluminum slugs.

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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.