Anchor Glass Completes Upgrade

Anchor Glass Container Corporation (Nasdaq:AGCC) announced that it has completed two furnace rebuilds at its facility in Salem, New Jersey.

"We are proud of the work done by our people in Salem," said Richard M. Deneau, president and chief executive officer. "They completed two major furnace rebuilds over the holiday period, on time and on budget."

The Salem plant operates three furnaces and six forming machines. Approximately 310 people are employed at the plant, which manufactures flint glass containers for the beverage industry.

Anchor Glass Container is the third-largest manufacturer of glass containers in the United States. It has nine strategically located facilities where it produces a diverse line of flint (clear), amber, green and other colored glass containers for the beer, beverage, food, liquor and flavored alcoholic beverage markets.

The above information may contain "forward-looking statements." By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that, although we believe these statements to be reasonable, they should not be relied upon.

600450 Anchor Glass Completes Upgrade
Date: 7 January 2004

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