Major investment for O-I Gironcourt glassworks
Owens-Illinois Inc has confirmed an important investment in its European glass operation, supported by long-term customer agreements. This investment will enable O-I to grow in premium segments, increase capability and flexibility, as well as improve the company's environmental footprint.
O-I will invest more than $60 million to expand its Gironcourt plant in north eastern France, close to Nancy. Plans include commissioning a third furnace by early 2020. The expansion will focus on the growing premium beer segment, which is highly differentiated and uses individual bottle shapes to build strong, premium brand equity.
"Our customers recognise that glass brings unique brand building capabilities. It delivers what consumers want - premium, healthy and sustainable packaging" said Andres Lopez, CEO. "The expansion at Gironcourt is an important part of O-I's investment strategy to support growing demand for glass in premium segments."