It also plans to convert a production line at its Nogara, Italy, beverage container plant to Sleek cans.
This will happen one year after the closure of San Martino.
"Given the market environment in Italy, we need to ensure we remain cost competitive for the long term," said Colin Gillis, president, Ball Beverage Packaging Europe.
"While closing a plant is always a difficult decision, our goal is ensuring the long-term success of the business for all of our stakeholders, including our 3,600 employees in Europe."
The company said the closure will happen after it meets with trade union representatives.
Customers currently supported by the San Martino beverage container plant will be supplied by other Ball facilities in Europe.
The San Martino site opened in 1981 and employs approximately 70 people.
Ball Corporation and its subsidiaries employ 17,500 people worldwide and reported 2017 net sales of $11bn.