O-I to invest €140M on furnace and glass making machine upgrades at its plants in France, Germany, Italy, the Netherlands and the Czech Republic in 2013
December 6, 2012
– In 2013, company will invest €140 million in Europe
Owens-Illinois, Inc., (NYSE: OI), the world leader in glass packaging, announces new commitments aimed at strengthening its competitiveness and capabilities in Europe over the next several years. In 2013, O-I will invest €140 million in its European facilities.
“Since O-I’s €1.1billion acquisition of BSN Glasspack in 2004, we have substantially invested in modernizing and maximizing the capability of our European assets,” said Al Stroucken, O-I chairman and chief executive officer. “Over the next several years, we will accelerate our efforts to enhance O-I’s competitiveness in Europe by improving quality, sustainability and capabilities to better support the growing needs of our European customers for more sustainable and healthy glass packaging.”
Investments in 2013 comprise furnace and glass making machine upgrades at plants in France, Germany, Italy, the Netherlands and the Czech Republic across all of the company’s market segments.
O-I’s European operations include 8,000 employees in 11 countries, with more than €2.3 billion of sales in 2011. This represents approximately 40 percent of the company’s global sales.
Owens-Illinois, Inc. (NYSE: OI) is the world’s largest glass container manufacturer and preferred partner for many of the world’s leading food and beverage brands. With revenues of $7.4 billion in 2011, the company is headquartered in Perrysburg, Ohio, USA, and employs more than 24,000 people at 81 plants in 21 countries. O-I delivers safe, effective and sustainable glass packaging solutions to a growing global marketplace.
For more information, visit www.o-i.com.