Item 2.05. Costs Associated with Exit or Disposal Activities

On April 8, 2009, the Company issued a press release, attached hereto as Exhibit 99.1, announcing the closure of its polyethylene terephthalate (PET) plastic packaging plants in Baldwinsville, New York, and in Watertown, Wisconsin. As a result of the closures, an after-tax charge of approximately $14.6 million will be recorded in the company's second quarter results. The charges include $3.8 million for personnel costs, $5.8 million related to the termination of the lease at Baldwinsville and the sale of the Watertown facility, $3.9 million for the termination of an electricity contract and $10.5 million primarily related to accelerated depreciation and the cost of installing equipment in alternative plants. These charges will be offset by tax recoveries of approximately $9.4 million. Cost reductions associated with these plant closings are expected to be approximately $12 million annually beginning in 2010.

Item 9.01. Exhibits.

(d) Exhibits.

The following is furnished as an exhibit to this report:

Exhibit 99.1 Ball Corporation Press Release dated April 8, 2009.

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