Benzinga | Nov 19, 2021 11:23AM EST

Ardagh Metal Packaging To Invest $200M In Northern Ireland

* Ardagh Metal Packaging SA (NYSE:AMBP) announced plans to build a $200 million beverage can plant in Northern Ireland.

* The plant will be located near Belfast and will service the increasing needs of the company's beverage customers in Ireland, the UK, and Europe.

* The move is part of AMP's multi-billion dollar investment program involving the construction of new, infinitely recyclable, metal packaging capacity in Europe, North America, and Brazil.

* "We plan to have the new state-of-the-art plant operational during 2023 and we expect to commence recruitment in 2022," said AMP Europe CEO David Spratt.

* Price Action: AMBP shares are trading lower by 0.89% at $9.51 on the last check Friday.