The closure will decrease the mill’s annual capacity by 250,000 tons but is expected to reduce production costs by roughly US$125 per ton from 2025 levels.
The company will publish its audited results on December 8.
The company continues to work on further focusing our portfolio on growth in our core renewable packaging business and operations
Additionally, the Group accelerated volume growth with its key original equipment manufacturer (OEM) partner in Q1 FY26.
The company aims for further savings, targeting a total of $120 million by the end of 2027.
The company’s adjusted operating result doubled to US$73.22m, lifting its adjusted EBITDA margin to 6.4%.
The company stated that its performance was “affected by higher wood cost and lower sales realization due to continuing cheap imports.”
Its profit after tax (PAT) declining by 77.6% year-over-year.
The closure is slated for completion early in 2026 as part of the company’s ongoing optimization efforts.
Ball reaffirms its previously issued full-year comparable diluted earnings per share growth outlook of 12-15%, and is positioned to generate strong free cash flow, increase EVA and continue long-term return of value to shareholders in 2025