Emhart Glass and Owens-Illinois agree on global supply of glass forming machines and parts

Emhart Glass, a division of Bucher Industries and the world’s leading supplier of glass container forming machines and equipment, and Owens-Illinois, Inc., (O-I) the world’s leading maker of glass containers, have agreed that Emhart Glass will become preferred supplier to O-I for glass forming machines and parts to all of O-I’s plants around the globe.       Yesterday, Emhart Glass and O-I signed an agreement that names Emhart Glass as its preferred supplier of glass forming machinery and equipment to all of O-I’s 79 plants, which include more than 400 production lines for the manufacture of glass containers.

O-I’s plants are located in 21 countries.

Emhart Glass was selected by O-I due to Emhart Glass’ extensive technical skills, its global presence, its state of the art production facilities in Europe, the U.S. and Asia and its research centre in Windsor, Conn., USA. Under the agreement, Emhart Glass will supply machines, equipment and components used in the glass container forming process, as well as related spare parts. A dedicated joint engineering team will be formed to further enhance and develop the glass forming equipment in line with O-I requirements.

The two companies have a long-standing positive relationship and will both benefit from this concept. Emhart Glass will be able to increase its production and the capacity utilization of its facilities in Europe and Asia, all of which will benefit from higher volumes. O-I will obtain machinery and equipment at favourable costs and will receive a consistent level of high quality service for its worldwide container forming lines. In addition, O-I will no longer need to maintain the infrastructure for in-house machine manufacturing. The implementation of the agreement with O-I is expected to gradually generate additional sales of more than CHF 50 million to Emhart Glass’ annual sales with full effects felt from 2015 onwards.

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. With revenues of $7.0 billion in 2012, the Company is headquartered in Perrysburg, Ohio, USA, and employs approximately 22,500 people at 79 plants in 21 countries. O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. O-I’s Glass Is Life™ movement promotes the widespread benefits of glass packaging in key markets around the globe. For more information, visit www.o-i.com or www.glassislife.com.

Emhart Glass is the world’s leading supplier of advanced technologies for manufacturing and inspecting glass containers, with a portfolio encompassing glass container forming and inspection machinery, systems, components, spare parts, advice and services for the glass container industry. In 2012, the division employing some 2 030 people generated sales of CHF 367 million. For more information, visit www.emhartglass.com.


Emhart Glass quad gob glass forming machine

Simply great machines

Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. The company's operations include specialised agricultural machinery, municipal vehicles, hydraulic components, manufacturing equipment for the glass container industry and for production of wine, fruit juice and instant products. The group's shares are traded on the SIX Swiss Exchange (SIX: BUCN).

600450 Emhart Glass and Owens-Illinois agree on global supply of glass forming machines and parts glassonweb.com
Date: 6 May 2013
Source: www.bucherindustries.com

See more news about:

See more from these topics:

Others also read

Owens-Illinois, Inc. (NYSE: OI), announced today the election of Andres A. Lopez and Joseph J. DeAngelo to its Board of Directors.  
Owens-Illinois (NYSE: OI) announced today the appointment of John Haudrich as Senior Vice President and Chief Strategy and Integration Officer, effective immediately.
Owens-Illinois, Inc. (NYSE: OI) today announced that it has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.
As part of the joint venture Elme Messer Gaas, Messer, the largest privately owned industrial gases specialist and the second shareholder, the BLRT Grupp, one of the biggest industrial holdings in the Baltic States, have invested around five million euros in a new oxygen production plant in Järvakandi, Estonia.  The facility is on the site of customer Owens-Illinois, Inc., the world's leading manufacturer of container glass.
Owens-Illinois, Inc. (NYSE: OI) today reported financial results for the second quarter ending June 30, 2015.  Second quarter 2015 earnings from continuing operations attributable to the Company were $0.26 per share (diluted).
Vitro, S.A.B. de C.V. (BMV: VITROA), leading glass manufacturer in Mexico, announced that on an Ordinary Shareholders Meeting held today, the Company’s shareholders approved Owens-Illinois, Inc’s. (NYSE: OI) US$2.15 billion offer to acquire 100% of Vitro’s Food and Beverages Glass Containers business assets.   Included in the transaction are five Food and Beverages Glass Container manufacturing plants located in Mexico, the operations in Bolivia and the distribution of such products in the United States.  The value of the offer is on a cash and debt free basis.Not included in this transaction are the assets associated with Vitro’s Cosmetics, Fragrances and Toiletries (“CFT”) segment, the Flat Glass Division (which includes Automotive Glass business and Float Glass for the Construction Market), its equity participation in the Comegua joint venture, in Central America, as well as well as the Company’s Chemical and Machinery and Equipment businesses, with estimated pro forma 2015 consolidated sales of $865 million and EBITDA of $165 million considering the divestiture would have occurred on January first 2015.“We are grateful for the support of our shareholders as we achieve another milestone in our goal to further increase the value of Vitro,” said Adrián Sada Gonzalez, Vitro’s Chairman of the Board. “We look forward to completing the transaction with Owens Illinois, a company that we admire and a leader in the Food and Beverage Glass Containers industry.”Adrián Sada Cueva, CEO of Vitro, commented: "This transaction will further strengthen our Company both operationally and financially.”“Over the past five years we have established a culture of cost controls and increased productivity across the organization while consistently providing high quality products and services to our customers, which have enabled Vitro to achieve CAGR growth of 5.7% in EBITDA between 2009 and 2014.

Add new comment