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.
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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.”
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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.