Expansion Planned For Glass Company

Glass manufacturer O-I New Zealand, owned by US giant Owens-Illinois Inc of Ohio, announced today a US$47 million USD (NZ$78 million) expansion at its Penrose, Auckland, plant.

The investment at Penrose will be spent on an additional energy-efficient furnace that will cater for the growing glass container market, particularly for the wine industry, the company said.

The new furnace, which will be in full operation by the second half of 2007, will increase the output of glass containers from the plant by 60 per cent.

Locally manufactured glass packaging will replace imported glass from the Middle East and Asia.

"The expansion at Penrose allows the company to broaden its market base in the Asia Pacific region by providing the market more locally manufactured glass," O-I Asia Pacific president Greg Ridder said.

O-I will use a significant amount of recycled glass currently in the waste stream for use in glass production.

The New Zealand plant was established in 1922 and operates on the original 5ha Penrose site. The plant operates two furnaces and four machines and employs 186 people.

It makes bottles for the wine, beer, spirits, carbonated soft drink, juice, and food industries.

Read the entire news on the source link bellow.

600450 Expansion Planned For Glass Company glassonweb.com

See more news about:

Others also read

Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded.
ZF.com reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment