O-I Announces Plans to Cease Production at its Castel Maggiore Facility
September 01 2008 - 10:00AM
PR Newswire (US)
PERRYSBURG, Ohio, Sept. 1 /PRNewswire-FirstCall/ -- Owens-Illinois,
Inc., (NYSE:OI) announced today that as a result of the ongoing
review of its global manufacturing footprint, the Company intends
to close its glass container plant in Castel Maggiore, Italy, after
concluding a process of consultation with the local union
representatives, which is anticipated prior to the end of 2008.
Production will be transferred to other O-I facilities, including
plants in Italy. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050412/CLTU028LOGO ) "The
decision to close this facility was driven by our ongoing global
asset utilization process which identified the opportunity to shift
our production to other European facilities resulting in lower
energy consumption and production costs while still meeting current
and anticipated market needs," said Jean-Marc Arrambourg,
President, O-I Europe. Approximately 100 people will be affected
and O-I will offer positions in other Italian plants to all
affected employees. About O-I Millions of times a day, O-I glass
containers deliver many of the world's best-known consumer products
to people all around the world. With the leading position in
Europe, North America, Asia Pacific and Latin America, O-I
manufactures consumer-preferred, 100 percent recyclable glass
containers that enable superior taste, purity, visual appeal and
value benefits for our customers' products. Established in 1903,
the company employs more than 24,000 people with 82 manufacturing
facilities in 22 countries. In 2007, net sales were $7.6 billion.
For more information, visit http://www.o-i.com/ . Copies of O-I
news releases are available at the O-I Web site at
http://www.o-i.com/; or at http://www.prnewswire.com/ . DATASOURCE:
Owens-Illinois, Inc. CONTACT: Corporate Media Contact: Lauren
Dubilzig, +1-567-336-1312, or Italian Media Contact: Piera Manzoni,
+39 02 4345.1, or Investor Relations Contact: Sasha Sekpeh,
+1-567-336-2355, all for O-I Web site: http://www.o-i.com/
Copyright
OI Glass (NYSE:OI)
Historical Stock Chart
From May 2024 to Jun 2024
OI Glass (NYSE:OI)
Historical Stock Chart
From Jun 2023 to Jun 2024