July 28. Ball Corp. will create 220 new jobs when it invests $383.8 million in a new facility at The Grounds at Concord, the site of the former Philip Morris plant. Ball will join Red Bull and Rauch in what will become a beverage manufacturing hub in Cabarrus.

Ball will manufacture aluminum cans for Red Bull and other customers in a new, 800,000 square foot state-of-the-art operation.

“We believed throughout this recruitment that Ball would be the third piece of this historic economic development package and we are delighted it has been confirmed,” said Gov. Roy Cooper.

Total investment $1 billion

The three companies will create more than 600 jobs and an investment exceeding $1 billion by 2027.

The NC Department of Commerce led the state’s efforts to support Ball’s decision to locate to North Carolina. The average annual salary for all new positions is $70,555, creating a potential annual payroll impact of more than $15.5 million per year. Cabarrus County’s overall average annual wage is $41,255.

Headquartered in Colorado, Ball is a global leader in supplying recyclable aluminum packaging for beverages and aerosols. Since its start in 1880, the company has grown to more than 60 production facilities and 21,500 employees around the globe.