Owens-Illinois, Inc.: O-I INVESTS MORE THAN 30 MILLION EUROS IN ALLOA TO
SUPPORT SCOTTISH SPIRITS INDUSTRY
For more information, contact:
Director, Global Corporate Communications
O-I, Perrysburg Ohio
+1 567 336-1445 office
+ 1 419 377-2508 mobile
O-I INVESTS MORE THAN 30 MILLION EUROS IN ALLOA TO SUPPORT
SCOTTISH SPIRITS INDUSTRY
Scottish Enterprise boosts development with £3.9 million grant
Alloa, Scotland (April 8, 2014) - Owens-Illinois, Inc., (NYSE: OI), the world
leader in glass packaging, today celebrated its 30 million Euro investment in
its Alloa facility. During an event attended by O-I Chairman and CEO Al
Stroucken, customers, employees and government officials, the company
highlighted the plant's upgraded capabilities to better serve the Scotch
whisky industry and other drinks businesses. The investment includes a £3.9
million Regional Selective Assistance grant from Scottish Enterprise.
The Alloa plant is uniquely positioned in the heart of Scotland's distilled
spirits industry. The investment builds on a heritage of 260 years of
glassmaking on this site and on the skills of the company's 600-strong expert
"We have upgraded Alloa's design, new product development, glass colour and
decoration facilities," said Erik Bouts, president of O-I Europe. "We would
like to thank Scottish Enterprise for its support in strengthening our ability
to serve the developing needs of the spirits industry in Scotland."
First Minister Alex Salmond said:"Owens-Illinois are illustrating their long
term commitment to Alloa, and to Scotland, which has been cemented by this
multi-million pound investment. Not only will the new technology installed in
the plant greatly assist the Scottish drinks industry, it will also allow the
company to produce 100
percent Scottish products."
The investment in Alloa is part of the company's asset optimization programme.
Over three years, O-I is investing significantly in Europe to strengthen its
capabilities and market leadership position. By the end of 2014, O-I will have
invested more than 280 million Euros over two years. O-I's European operations
include 8,000 employees in 10 countries, O-I Europe had nearly 2.1 billion
Euros of sales in 2013, representing approximately 40 percent of the company's
Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass container
manufacturer and preferred partner for many of the world's leading food and
beverage brands. The Company had revenues of $7.0 billion in 2013 and employs
approximately 22,500 people at 77 plants in 21 countries. With global
headquarters in Perrysburg, Ohio, USA, O-I delivers safe, sustainable, pure,
iconic, brand-building glass packaging to a growing global marketplace. For
more information, visit www.o-i.com.
O-I's Glass Is Life(TM) movement promotes the widespread benefits of glass
packaging in key markets around the globe. Join us in the #betteringlass
conversation at www.glassislife.com.
About Scottish Enterprise
Scottish Enterprise is Scotland's main economic development agency and aims to
deliver a significant, lasting effect on the Scottish economy by identifying
and exploiting the best opportunities for economic growth. Scottish
Development International (SDI) is the international arm of Scotland's
enterprise agencies, Scottish Enterprise and Highlands and Islands Enterprise,
which works to attract inward investment to Scotland and helps Scottish based
companies to trade overseas.
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The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire
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