O-I Glass, Inc (NYSE: OI) announced today the company is investing
€95 million into two of its French glass packaging production
facilities. As a continuation of its modernization investment
program, these significant investments aim to upgrade the
sustainability, flexibility, and productivity of its operations in
Gironcourt-sur-Vraine and Reims. This investment is consistent with
O-I's recently updated ESG roadmap which is aligned with our
previously announced capital spending plan.
In Gironcourt, where
the plant recently marked its 120th anniversary, €55 million will
be invested in close cooperation with one of its key customers to
rebuild a furnace and equip it with innovative GOAT technology (Gas
Oxy Advanced Technology).
This innovative
approach – already successfully implemented last year at the O-I
plant in Vayres (France) – uses a mix of gas and oxygen to heat the
furnace. In combination with a newly installed heat recovery system
to pre-heat raw materials and recycled glass, the new installation
is expected to reduce CO2 emissions by up to 18%.
In addition to the
furnace upgrade, a production line at the plant will be modernized
to further increase flexibility and capacity. An average of about
80% of the plant’s raw materials is comprised of scrap and locally
recycled glass, underlining the circular and local nature of glass
packaging.
The majority of the
glass bottles produced in Gironcourt are supplied to customers by
rail, reducing the number of trucks per week by about 250. The new
expenditure into Gironcourt will increase the total investment into
the site to almost €120 million since 2019 when O-I established an
all-new third furnace in Gironcourt. The plant produces
approximately 1.9 billion bottles a year, primarily for the beer
market.
In Reims, O-I
completed a €40 million investment for a major upgrade including
the full renovation of one of the plant’s two furnaces and a
production line, as well as the installation of all-new equipment.
On top of multiple operational benefits, this also resulted in an
overall energy reduction of about 5%.
In total, O-I has
invested €90 million into the Reims site since 2019, when its other
furnace was rebuilt—contributing to making it one of the most
modern plants within O-I’s global footprint.
The Reims plant, which
celebrated its 150 years anniversary in 2023, is a model for O-I’s
overall sustainability efforts. An average of about 90% of its raw
material consists of scrap and locally recycled glass (“cullet”).
The high cullet rate is a major contributor in reducing the plant’s
CO2 emissions by about 60% and fine particle emissions by about
80%. Since the 2019 investment, waste heat from glass packaging
production has been recovered to be used in domestic homes in the
local community.
The O-I plant in Reims
is ideally located in the heart of the Champagne vineyards
minimizing delivery routes and time to the wineries. The plant
delivers champagne bottles to nearby customers with trucks powered
by grapeseed and fryer oil resulting in about a 60% CO2 emission
reduction compared to diesel fuel and about 80% less fine particles
emissions.
The plant serves a
highly diverse customer base serving more than 1,000 customers in
France. It is able to produce bottles in three colors and in sizes
ranging from 0.2l to Magnum. It produces 300 million bottles a year
for the Champagne, Burgundy, Loire Valley, and Alsace markets.
For Walter Ferrer,
Managing Director of O-I Glass for Southwest Europe, "these very
significant investments are perfectly in line with the global
approach adopted by O-I to reinforce our commitment to sustainable
development, increase the energy efficiency of our equipment,
create more resilient supply chains and constantly seek to improve
the working conditions of our teams. They also demonstrate the
confidence we have in our facilities in France, and our full
commitment to serving our customers, our teams, and the
planet.”
ABOUT
O-I
At O-I Glass, Inc.
(NYSE: OI), we love glass and we’re proud to be one of the leading
producers of glass bottles and jars around the globe. Glass is not
only beautiful, it’s also pure and completely recyclable, making it
the most sustainable rigid packaging material. Headquartered in
Perrysburg, Ohio (USA), O-I is the preferred partner for many of
the world’s leading food and beverage brands. We innovate in line
with customers’ needs to create iconic packaging that builds brands
around the world. Led by our diverse team of more than 23,000
people across 68 plants in 19 countries, O-I achieved net sales of
$7.1 billion in 2023. Learn more about
us: o-i.com / Facebook / Twitter / Instagram / LinkedIn
Forward-Looking
Statements
This press release
contains “forward-looking” statements related to O-I Glass, Inc.
(“O-I Glass” or the “company”) within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and Section 27A of the Securities Act of 1933, as amended.
Forward-looking statements reflect the company’s current
expectations and projections about future events at the time, and
thus involve uncertainty and risk. The words “believe,” “expect,”
“anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,”
“estimate,” “intend,” “predict,” “potential,” “continue,” and the
negatives of these words and other similar expressions generally
identify forward-looking statements.
It is possible that
the Company’s future financial performance may differ from
expectations due to a variety of factors including, but not limited
to the following: (1) the general political, economic and
competitive conditions in markets and countries where the Company
has operations, including uncertainties related to economic and
social conditions, trade disputes, disruptions in the supply chain,
competitive pricing pressures, inflation or deflation, changes in
tax rates and laws, war, civil disturbance or acts of terrorism,
natural disasters, public health issues and weather, (2) cost and
availability of raw materials, labor, energy and transportation
(including impacts related to the current Ukraine-Russia and
Israel-Hamas conflicts and disruptions in supply of raw materials
caused by transportation delays), (3) competitive pressures,
consumer preferences for alternative forms of packaging or
consolidation among competitors and customers, (4) changes in
consumer preferences or customer inventory management practices,
(5) the continuing consolidation of the Company’s customer base,
(6) the Company’s ability to improve its glass melting technology,
known as the MAGMA program, and implement it within the timeframe
expected, (7) unanticipated supply chain and operational
disruptions, including higher capital spending, (8) seasonability
of customer demand, (9) the failure of the Company’s joint venture
partners to meet their obligations or commit additional capital to
the joint venture, (10) labor shortages, labor cost increases or
strikes, (11) the Company’s ability to acquire or divest
businesses, acquire and expand plants, integrate operations of
acquired businesses and achieve expected benefits from
acquisitions, divestitures or expansions, (12) the Company’s
ability to generate sufficient future cash flows to ensure the
Company’s goodwill is not impaired, (13) any increases in the
underfunded status of the Company’s pension plans, (14) any failure
or disruption of the Company’s information technology, or those of
third parties on which the Company relies, or any cybersecurity or
data privacy incidents affecting the Company or its third-party
service providers, (15) risks related to the Company’s indebtedness
or changes in capital availability or cost, including interest rate
fluctuations and the ability of the Company to generate cash to
service indebtedness and refinance debt on favorable terms, (16)
risks associated with operating in foreign countries, (17) foreign
currency fluctuations relative to the U.S. dollar, (18) changes in
tax laws or U.S. trade policies, (19) the Company’s ability to
comply with various environmental legal requirements, (20) risks
related to recycling and recycled content laws and regulations,
(21) risks related to climate-change and air emissions, including
related laws or regulations and increased ESG scrutiny and changing
expectations from stakeholders and the other risk factors discussed
in the Company's filings with the Securities and Exchange
Commission.
It is not possible to
foresee or identify all such factors. Any forward-looking
statements in this document are based on certain assumptions and
analyses made by the Company in light of its experience and
perception of historical trends, current conditions, expected
future developments, and other factors it believes are appropriate
in the circumstances. Forward-looking statements are not a
guarantee of future performance and actual results or developments
may differ materially from expectations. While the Company
continually reviews trends and uncertainties affecting the
Company’s results of operations and financial condition, the
Company does not assume any obligation to update or supplement any
particular forward-looking statements contained in this
document.
James Woods
O-I Corporate Affairs
James.Woods@o-i.com
Grafico Azioni OI Glass (NYSE:OI)
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