NewsVoir
New Delhi [India], June 7: In a significant step towards sustainable packaging solutions, Ball Corporation, a global leader in sustainable packaging, has announced its partnership with CavinKare, a pioneer in the dairy industry. Together, they are set to revolutionize dairy packaging by introducing retort two-piece aluminum cans for CavinKare’s popular milkshakes.
As quoted by Manish Joshi, Commercial Director at Ball Beverage Packaging Asia, “Dairy & Dairy Alternatives have been an integral part of India and are forecast to grow at a CAGR of 4.1 per cent (1) by 2028. Our focus is on the Ready-To-Drink segment which is expected to grow faster due to unique flavor offerings for consumers to choose from. Ball India has invested in the capability to produce retort aluminum cans specifically tailored to the demands of the dairy market. This expansion of our portfolio underscores our dedication to both product innovation and sustainability, allowing a wide variety of flavored dairy products to be packaged in our aluminum cans.”
Retort Aluminum cans are carefully designed to withstand the rigorous retort process, ensuring the preservation of flavor, nutrients, and freshness of dairy products. Moreover, these cans align perfectly with the modern consumer’s on-the-go lifestyle.
Mallikeswaran KG, Business Head of the Beverages Division at CavinKare, expressed excitement about this strategic collaboration, stating, “CavinKare is thrilled to embark on this journey towards sustainable packaging options with Ball Corporation. Our transition to aluminum cans underscores our commitment to delivering superior quality products while minimizing our environmental footprint.”
In anticipation of a favorable reception from consumers in all target markets, CavinKare’s initiative to introduce its diverse milkshake flavors – Badam, Gulkhand, Rajbog, and Rabri – in convenient aluminum can packaging is anticipated to align effectively with changing consumer preferences for on-the-go consumption and convenience. With these products readily available across multiple channels, their broad accessibility is set to cater to a wide range of consumer segments.
Two-piece aluminum beverage cans offer a range of benefits that make them highly advantageous for packaging applications. Firstly, two-piece cans are lightweight and hence reduce transportation costs. Aluminum cans provide protection against light and oxygen, ensuring optimal freshness, quality and integrity of the product.
Mallikeswaran KG reiterated, “Our transition to aluminum cans reflects our dedication to making responsible choices that benefit both our consumers and the planet. We recognize the importance of sustainability in today’s world and actively moving towards achieving a 100 per cent commitment to more sustainable packaging as we are focused on staying at the forefront of eco-conscious innovation.”
CavinKare is a leading player in the dairy industry, committed to delivering high-quality dairy products to consumers. Through innovation and sustainability initiatives, CavinKare continues to set industry standards.
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide (excluding divested aerospace staff) and reported 2023 net sales of USD 14.03 billion.
For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
Forward-Looking Statement
This release contains “forward-looking” statements concerning future events and financial performance. Words such as “expects,” “anticipates,” “estimates,” “believes,” and similar expressions typically identify forward looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements, and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball’s Form 10-K, which are available on Ball’s website and at www.sec.gov. Additional factors that might affect: a) Ball’s packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather and related events such as drought, wildfires, storms, hurricanes, tornadoes and floods; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pass through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on Ball’s supply chain and its ability to operate in Europe, the Middle East and Africa regions generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and orders affecting goods produced by Ball or in its supply chain, including imported raw materials; and b) Ball as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, environmental, social and governance reporting, competition, environmental, health and workplace safety, including U.S. Federal Drug Administration and other actions or public concerns affecting products filled in Ball’s containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of Ball’s defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting Ball’s debt; successful or unsuccessful joint ventures, acquisitions and divestitures, and their effects on Ball’s operating results and business generally.
(1) Source: GlobalData
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