O-I Announces Plant Closure in Atlanta

Owens-Illinois, Inc. (NYSE: OI) today announced that it has finalized plans to cease production at its Atlanta, GA, plant. The closure is expected to occur on or after July 18, 2018. O-I intends to facilitate the closure in a respectful manner for the approximately 250 people impacted at the Atlanta plant. Current customers of the plant will be served by other domestic plants in the O-I network.

The Company remains strongly focused on optimizing the overall efficiency of, and investments in, its regional plant network. The required capital outlay for the Atlanta operations and continued decline of beer in the domestic market influenced the decision to close the plant. O-I’s supply-demand profile in the U.S. will be roughly balanced after this closure.

In the U.S., the Company continues to generate solid, above-market volume growth in non-megabeer, most pronounced in spirits, wine, food and non-alcoholic beverages, due to enhanced commercial capabilities and conversion of manufacturing capacity in favor of non-beer products. For instance, the Company has continued success in growing premium categories, such as kombucha, yogurt and sauces. The Company’s transformational strategy continues to enhance its ability to serve its customers most effectively in terms of overall value, including quality, service and cost.
http://investors.o-i.com/phoenix.zhtml?c=88324&p=irol-newsArticle&ID=2349483

Related Posts

McClure named president of Pregis’ South Carolina film extrusion operation

Pregis recently named Jon T. McClure, president of its new $80 million blown film extrusion operation in Anderson, South Carolina. McClure brings more than 40 years of blown film operational excellence to Pregis. In 1997, he founded South Carolina-based ISO Poly Films, Inc., and served as the company’s chief executive officer until the company was sold in 2014. Under his leadership, ISO Poly Films became a leader in custom film production with two state-of-the-art manufacturing facilities and 160 employees, generating $115 million in sales.

Mactac’s Eco-Conscious Labeling Innovations Shine

Mactac® will highlight its commitment to environmentally responsible innovation at Labelexpo Americas 2024, showcasing its Simply Sustainable® solutions. As a pressure-sensitive label industry leader, Mactac continues to push the boundaries of material design, manufacturing and reprocessing throughout the product life cycle. Attendees are invited to booth #143 to discover the latest recyclable plastic container labels, thinner release liners and post-consumer waste (PCW) labels that simplify recycling and enhance packaging sustainability. Among the Simply Sustainable® items Mactac will feature are: *APR®-recognized container labels *Thinner release liners *Post-Consumer Waste labelstocks

Crown and Eklo Water Bring First Flavored Water Packed in Cans to Brazil

Increasing consumer preference for healthy, convenient, zero-calorie beverages are expected to drive revenue growth of the Brazil flavored water market by 7.3% CAGR through 2024. In response, Eklo Water, based in Rio de Janeiro, has partnered with Crown Embalagens Metálicas da Amazônia S.A. (Crown Brazil), a subsidiary of Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com), to introduce the first flavored water to be packed in aluminum beverage cans to the Brazilian market. “It is clear that Brazilians want healthy, flavorful alternatives to teas, soft drinks and sugary beverages,” said Fabio Nono, Co-Owner of Eklo Water. “Our flavored water meets that demand and sleek style beverage cans are the perfect format to market them in. While we originally launched the drink in cartons, we transitioned to sleek style beverage cans as we are seeing consumers display an increased preference for package attributes such as portability, eye-catching design and overall durability.” Click Read More below for additional information.
Back To Top
×Close search
Search