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

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