O-I to Invest $60 Million on Gironcourt Plant Expansion
O-I expects that this investment will enable the company to grow in premium segments, increase capability and flexibility, and improve its environmental footprint.
Owens-Illinois, Inc. (O-I) recently announced that it will invest more than $60 million to expand its plant in Gironcourt, France. Plans include building a new furnace, for a total of three furnaces at the plant when the expansion project is completed in early 2020. The expansion at Gironcourt will reportedly focus on the growing premium beer segment, which is highly differentiated and uses unique bottle shapes to build strong, premium brand equity. O-I expects that this investment will enable the company to grow in premium segments, increase capability and flexibility, and improve its environmental footprint.
“Our customers recognize that glass brings unique brand-building capabilities,” said Andres Lopez, CEO. “It delivers what consumers want—premium, healthy and sustainable packaging. The expansion at Gironcourt is an important part of O-I’s investment strategy to support the growing demand for glass in premium segments.”
This expansion follows the recent transaction to acquire nearly 50% interest in Empresas Comegua S.A., a leading manufacturer of glass containers for the Central American and Caribbean markets. This inorganic growth investment connects the company’s footprint across the Americas, extending from Canada to Argentina.
For more information, visit www.o-i.com.