Ceramic Industry News

O-I Acquires Northern China Plants

December 23, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

Owens-Illinois Inc. (O-I) has entered into an agreement to acquire the glass container manufacturing business of Hebei Rixin Glass Group Co. Ltd. in northern China. The deal is expected to close before the end of 2010. After the acquisition is completed, O-I will have expanded its capacity in China to more than 1 million metric tons (up from 440,000 metric tons) in 2010, reportedly making the company China’s second-largest glass container manufacturer.

The acquisition, located in the Beijing/Tianjin region of China’s Hebei province, includes two plants and delivers an additional 270,000 metric tons of capacity. The Hebei province is the third-largest glass market in China, representing approximately 10% of the total Chinese market. The newly acquired plants produce glass containers predominantly for China’s rapidly growing domestic beer market. By 2015, China’s domestic beer market is expected to reach 573 million hectoliters-more than twice the size of the U.S. beer market.

“This acquisition supports our strategy of expanding in emerging markets with strong growth and long-term earnings potential,” said Al Stroucken, chairman and CEO. “Our operations in China now include eight glass manufacturing plants, as well as a plant in Tianjin that produces molds for glass manufacturing. The newly acquired plants have lower cost profiles than our existing operations in China, thereby enabling us to expand our reach beyond the premium markets and into the rapidly growing mass beer market.”

For additional details, visit www.o-i.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40