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O-I to strengthen competitiveness in Europe

Released: 05/12/2012 10:38:00
Read 4158 times

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. 

See product and contact details of O-I MANNUFACTURING FRANCE.

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“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.

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