Ball Corporation sells 41% stake in Saudi can-making joint venture for USD 70m
Ball Corporation has completed the sale of a 41% stake in its Saudi joint venture, Ball United Arab Can Manufacturing Company (UAC), to Chinese packaging group ORG Technology for USD 70 million. Ball retains a 10% interest in the venture, down from its previous 51% holding. The deal is intended to deepen cooperation with ORG and improve profitability by optimising ORG's assets and customer base across Saudi Arabia and the Middle East.
Why this mattersBall cedes control of a Middle East aluminium can platform to a Chinese packaging rival, reshaping the regional beverage-can supply base.
- Ball sold 41% of Ball United Arab Can Manufacturing Company (UAC) to ORG Technology Co. for USD 70 million.
- Ball previously held 51% of the joint venture and now retains 10%.
- UAC makes aluminium cans for beverages, non-alcoholic beer, carbonated drinks, juices and mineral water from Dammam, Saudi Arabia.
- The transaction closed as of the 14 September 2026 announcement.
- Ball reported 2024 sales of USD 11.8 billion excluding its aerospace division.
- ORG Technology is a Beijing-headquartered packaging and marketing planning company.
Sources
akm.ru