OI OI Glass Inc

TOLEDO, Ohio, Aug. 7 /PRNewswire-FirstCall/ -- Owens-Illinois, Inc. (NYSE:OI) today announced a $47 million USD (NZ$78 million) expansion at its glass manufacturing facility in Penrose, Auckland, New Zealand. (Logo: http://www.newscom.com/cgi-bin/prnh/20050412/CLTU028LOGO ) The investment at Penrose will be spent on an additional energy-efficient furnace that will support the growing glass container and exported wine markets in New Zealand. The new furnace, which will be in full operation by the second half of 2007, will increase the output of glass containers from the plant by 60 percent. At that time, locally manufactured glass packaging will replace imported glass from the Middle East and Asia. "The expansion at Penrose allows the company to broaden its market base in the Asia Pacific region by providing the market more locally manufactured glass," said Greg Ridder, President, O-I Asia Pacific. "Additionally, it is good for the community as O-I will be using a significant amount of recycled glass currently in the waste stream for use in glass production." The New Zealand plant was established in 1922 and operates on the original 12 acre Penrose site. The plant operates two furnaces and four machines and employs 186 people. It supports the wine, beer, spirits, carbonated soft drink, juice, and food industries. About O-I Millions of times a day, O-I glass containers, healthcare packaging and specialty closure systems deliver many of the world's best-known consumer products to people all around the world. With leading positions in Europe, North America, Asia Pacific and Latin America, O-I provides consumer-preferred products that enable superior taste, purity, visual appeal and value benefits for our customers' products. Established in 1903, the company employs nearly 30,000 people and has more than 100 manufacturing facilities in 23 countries. In 2005, annual revenues were $7.2 billion. For more information, visit http://www.o-i.com/. http://www.newscom.com/cgi-bin/prnh/20050412/CLTU028LOGO http://photoarchive.ap.org/ DATASOURCE: Owens-Illinois, Inc. CONTACT: Kelley Yoder of O-I, +1-419-247-1388 Web site: http://www.o-i.com/

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