O-I Announces Plant Closure in Atlanta
The required capital outlay for the Atlanta operations and continued decline of beer in the domestic market influenced the decision to close the plant.
Owens-Illinois, Inc. (O-I) recently announced that it has finalized plans to cease production at its plant in Atlanta, Ga. The closure is expected to occur on or after July 18, 2018. O-I reportedly intends to facilitate the closure in a respectful manner for the approximately 250 people impacted at the Atlanta plant. Current customers of the plant will be served by other domestic plants in the O-I network.
According to the company, it remains strongly focused on optimizing the overall efficiency of, and investments in, its regional plant network. The required capital outlay for the Atlanta operations and continued decline of beer in the domestic market influenced the decision to close the plant. O-I’s supply-demand profile in the U.S. will be roughly balanced after this closure.
In the U.S., O-I reportedly continues to generate solid, above-market volume growth in non-megabeer, most pronounced in spirits, wine, food and non-alcoholic beverages, due to enhanced commercial capabilities and conversion of manufacturing capacity in favor of non-beer products. For example, the company reports continued success in growing premium categories such as kombucha, yogurt and sauces.
For more information, visit www.o-i.com.