O-I INVESTS MORE THAN 30 MILLION EUROS IN ALLOA TO SUPPORT SCOTTISH SPIRITS INDUSTRY
April 08 2014 - 6:31AM
For more information,
contact:
Lisa Babington
Director, Global Corporate Communications
O-I, Perrysburg Ohio
+1 567 336-1445 office
+ 1 419 377-2508 mobile
lisa.babington@o-i.com
O-I INVESTS
MORE THAN 30 MILLION EUROS IN ALLOA TO SUPPORT
SCOTTISH SPIRITS INDUSTRY
Scottish Enterprise boosts development with £3.9
million grant
Alloa, Scotland (April 8, 2014) - Owens-Illinois,
Inc., (NYSE: OI), the world leader in glass packaging, today
celebrated its 30 million Euro investment in its Alloa facility.
During an event attended by O-I Chairman and CEO Al Stroucken,
customers, employees and government officials, the company
highlighted the plant's upgraded capabilities to better serve the
Scotch whisky industry and other drinks businesses. The investment
includes a £3.9 million Regional Selective Assistance grant from
Scottish Enterprise.
The Alloa plant is uniquely positioned in the
heart of Scotland's distilled spirits industry. The investment
builds on a heritage of 260 years of glassmaking on this site and
on the skills of the company's 600-strong expert workforce.
"We have upgraded Alloa's design, new product
development, glass colour and decoration facilities," said Erik
Bouts, president of O-I Europe. "We would like to thank Scottish
Enterprise for its support in strengthening our ability to serve
the developing needs of the spirits industry in Scotland."
First Minister Alex Salmond
said: "Owens-Illinois are illustrating their long term
commitment to Alloa, and to Scotland, which has been cemented by
this multi-million pound investment. Not only will the new
technology installed in the plant greatly assist the Scottish
drinks industry, it will also allow the company to produce
100
percent Scottish products."
The investment in Alloa is part of the company's
asset optimization programme. Over three years, O-I is investing
significantly in Europe to strengthen its capabilities and market
leadership position. By the end of 2014, O-I will have invested
more than 280 million Euros over two years. O-I's European
operations include 8,000 employees in 10 countries, O-I Europe had
nearly 2.1 billion Euros of sales in 2013, representing
approximately 40 percent of the company's global sales.
###
About O-I
Owens-Illinois, Inc. (NYSE: OI) is the world's
largest glass container manufacturer and preferred partner for many
of the world's leading food and beverage brands. The Company had
revenues of $7.0 billion in 2013 and employs approximately 22,500
people at 77 plants in 21 countries. With global headquarters in
Perrysburg, Ohio, USA, O-I delivers safe, sustainable, pure,
iconic, brand-building glass packaging to a growing global
marketplace. For more information, visit www.o-i.com.
O-I's Glass Is Life(TM) movement promotes the widespread benefits
of glass packaging in key markets around the globe. Join us in the
#betteringlass conversation at www.glassislife.com.
About Scottish
Enterprise
Scottish Enterprise is Scotland's main economic
development agency and aims to deliver a significant, lasting
effect on the Scottish economy by identifying and exploiting the
best opportunities for economic growth. Scottish Development
International (SDI) is the international arm of Scotland's
enterprise agencies, Scottish Enterprise and Highlands and Islands
Enterprise, which works to attract inward investment to Scotland
and helps Scottish based companies to trade overseas.
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Alloa_investment_release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire
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