PERRYSBURG, Ohio, July 29 /CNW/ -- Owens-Illinois, Inc., (NYSE: OI)
announced today that as a result of the ongoing review of its global
manufacturing footprint, the company will close its glass container plant in
Toronto, Ontario, on September 30, 2008. Existing production from the Toronto
plant will be transferred to other O-I facilities, including those in nearby
Brampton, Ontario, and Montreal, Quebec.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050412/CLTU028LOGO )
"This closing was driven by our global asset utilization process which
identified the opportunity to shift our production to other O-I North American
facilities, resulting in lower energy consumption and production costs while
still meeting current and anticipated market needs," said Scott Murchison,
president, North America Glass Containers. "The market impacts of a strong
Canadian dollar, high energy prices and the recent activities of the Liquor
Control Board of Ontario were contributing factors."
Approximately 430 employees will be affected. The company will provide
assistance to help employees seeking new jobs.
Millions of times a day, O-I glass containers deliver many of the world's
best-known consumer products to people all around the world. With the leading
position in Europe, North America, Asia Pacific and Latin America, O-I
manufactures consumer-preferred, 100 percent recyclable glass containers that
enable superior taste, purity, visual appeal and value benefits for our
customers' products. Established in 1903, the company employs more than 24,000
people with 82 manufacturing facilities in 22 countries. In 2007, net sales
were $7.6 billion. For more information, visit http://www.o-i.com.
For further information:
For further information: Media Contact: Lauren Dubilzig,
+1-567-336-1312, or Investor Relations Contact: Sasha Sekpeh, +1-567-336-2355,
both of O-I