Owens-Illinois Boosts Capacity At NZ Glass Plant

Date: 11 August 2006

US company Owens-Illinois will spend US$47 million on a new furnace for its glass manufacturing facility in New Zealand, it said this week.

The new furnace, which will be in full operation by the second half of 2007, will increase the output of glass containers from the Auckland plant by 60 per cent, according to the company.This will allow it to replace imported glass from the Middle East and Asia with locally made glass packaging.

The move is designed to support the growing glass container and exported wine markets in New Zealand.

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

Read the entire news on the source link below.

600450 Owens-Illinois Boosts Capacity At NZ Glass Plant glassonweb.com

See more news about:

Others also read

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.
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.
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