O-I Announces Two Plastics Joint Ventures in Mexico
April 23 2007 - 6:01PM
PR Newswire (US)
PERRYSBURG, Ohio, April 23 /PRNewswire-FirstCall/ --
Owens-Illinois, Inc., (NYSE:OI) today announced that its plastics
packaging business has finalized two joint ventures in Mexico. O-I
HealthCare Packaging de Mexico has entered a 50/50 joint venture,
O-I Pavisa S.A. de C.V., with Pavisa Industries, a leading Mexican
plastics packaging company, to manufacture and sell plastic
healthcare containers in Mexico and certain other Latin markets.
"This is an attractive opportunity for O-I to enter the healthcare
market in Mexico with a knowledgeable partner and at a new,
best-in-class facility," said Mike Castillo, Latin America business
development manager for Owens- Illinois HealthCare Packaging Inc.
Additionally, O-I de Mexico has entered a 50/50 joint venture, O-I
Mega S.A. de C.V., with Bepensa Industries, a leading Mexican soft
drink producer, to manufacture and sell compression-molded, plastic
carbonated soft drink (CSD) closures to Bepensa and other customers
in Mexico. "The O-I Mega JV will benefit from O-I's advanced
compression molding technology for manufacturing CSD closures which
should help to expand our presence in the growing Mexican market,"
said David Beckmann, vice president, global commercial operations
for Owens-Illinois Closure Inc. 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 more than 28,000 people
and has 100 manufacturing facilities in 23 countries. In 2006, net
sales were $7.4 billion. For more information, visit
http://www.o-i.com/. About Grupo Pavisa Through its three
divisions, Grupo Pavisa designs, manufactures and sells glass and
plastics packaging, as well as crystal glassware products. Latino
Americana de Vidrio, Pavisa's glass container division, is a
leading manufacturer of high value added specialty glass containers
in Mexico. Pavisa Industries, Pavisa's plastic container and
closures division, has been a leading Mexican manufacturer of
plastics packaging for over 30 years. Nouvel Studio, Pavisa's glass
tableware division, designs and produces innovative crystal glass
products sold around the world. For more information, visit
http://www.pavisaindustries.com/. About Bepensa Industries Bepensa
Industries has been a leading producer of soft drinks in Mexico for
over 50 years. Bepensa is the exclusive bottler of Coca-Cola
products in the Yucatan Peninsula-the Mexican states of Yucatan,
Campeche and Quintana Roo. Bepensa is the largest bottler in
Consorcio Orion de Bebidas A.C., an alliance of nine midsized and
small Coca-Cola bottlers in Mexico. In addition to selling
Coca-Cola products, Bepensa also produces and sells a number of
other proprietary beverage products, including Bevi and Friolin,
and bottles and sells Cristal, a purified water product in the
states of Campeche, Yucatan, Quintana Roo, Tabasco, Veracruz, and
Chiapas. For more information, visit http://www.bepensa.com/.
DATASOURCE: Owens-Illinois, Inc. CONTACT: Kelley Yoder of
Owens-Illinois, Inc., +1-567-336-1388 Web site: http://www.o-i.com/
http://www.pavisaindustries.com/ http://www.bepensa.com/
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