O-I Glass and Krones AG sign Collaboration Agreement
October 21 2020 - 4:30PM
O-I Glass, Inc. (NYSE: O-I) and Germany’s Krones AG signed a
strategic collaboration agreement that aims to elevate glass by
innovating together and to jointly create solutions for the growing
glass market.
“For O-I, glass is the preferred packaging solution in a world
that increasingly values health, premium products and the
environment. Not only does it maintain the integrity of the
products and protects the environment, as customers and consumers
intend, but it also offers magnificent opportunities for
establishing brands and implementing sustainable solutions,”
explains Andres Lopez, President and CEO at O-I. “This agreement is
the first step that O-I and Krones are taking together in order to
offer clients completely integrated, end-to-end solutions in the
future.”
Focus areas include improvements in glass filling and packaging
line speed and efficiency; enhanced agility and flexibility of
responding to market trends; development of innovative and
sustainable glass systems; and advancements in digital solutions
such as direct-to-glass digital printing technology.
“In production facilities all over the world, the products
of O-I and Krones are already encountering each other. So it was
absolutely logical to improve still further the compatibility of
Krones’ complete lines and the glass containers from O-I,” adds
Christoph Klenk, CEO of Krones AG.
With this agreement, the two companies are combining O-I’s
specialized knowledge of glass with Krones’ leading competence in
manufacturing machines and filling lines for the food and beverage
industries.
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About O-I
At O-I Glass, Inc., we love glass and are proud to make more of
it than any other glass bottle or jar producer in the world. We
elevate products by creating sustainable packaging with emotions,
transforming brands into icons, transcending the day-to-day to
create meaningful, magical moments. We help food and beverage
brands fully express themselves so they can build an emotional bond
with consumers. Globally headquartered in Perrysburg, Ohio, our
team of more than 27,500 employees in 23 countries worldwide has
achieved revenues of $6.7 billion in 2019. We are dedicated to make
what matters, to step-by-step shape a healthier and more exciting
world. For more information, visit www.o-i.com.
About Krones
The Krones Group, headquartered in Neutraubling, Germany, plans,
develops and manufactures machines and complete lines for the
fields of process, filling and packaging technology. And Krones
also offers a fit-for-purpose solution for bottle-to-bottle
recycling of PET containers. The product portfolio subsumed in the
House of Krones is rounded off by numerous products and services
from Krones’ subsidiaries, themed around digitalisation, for
example, digital container decoration, intralogistics and in-house
valve production. Every day, millions of bottles, cans, and
special-shaped containers are handled on lines from Krones,
particularly in breweries, the soft-drinks sector and at producers
of still or sparkling wines, and spirits, but also in the food and
luxury-goods industries, plus the chemical, cosmetics and
pharmaceutical sectors. Worldwide, Krones employs around 17,500
people. Consolidated sales in 2019 totalled 3.96 billion euros.
Around 90 per cent of its products are sold abroad. The group
includes not only Krones AG (listed on the stock exchange), but
also more than 100 subsidiaries and further sales and service
companies worldwide.
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Sarah Velliquette
O-I Glass
Sarah.Velliquette@o-i.com
James Woods
O-I Glass
James.Woods@o-i.com
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