The plant, in Asunción, Paraguay, is due to begin production in the fourth quarter of 2019 and will be contracted under long-term agreements.
The investment in extra capacity in Buenos Aires, Argentina, will be the third Ball has made in two years.
Ball says the investments will enable the company to serve a growing beverage can market with various can sizes in Paraguay, Argentina and Bolivia.
"In Argentina, the can market will continue to grow and volumes will likely double from 2016 to 2019," says Ball. "These investments will allow us to broaden our geographic reach into a new and growing market, as well as be closer to our customers in the area.
“The economy is growing and demand for aluminum beverage packaging is increasing in Paraguay and surrounding countries, as more people are consuming beer and other refreshing drinks.”
In South America, Ball already has beverage packaging manufacturing facilities in Chile, Argentina, and Brazil.