Packaging

O-I Announces Plans to Cease Production at its Castel Maggiore Facility

Tuesday 02. September 2008 - Owens-Illinois, Inc., (NYSE:OI) announced today that as a result of the ongoing review of its global manufacturing footprint, the Company intends to close its glass container plant in Castel Maggiore, Italy, after concluding a process of consultation with the local union representatives, which is anticipated prior to the end of 2008. Production will be transferred to other O-I facilities, including plants in Italy.

“The decision to close this facility was driven by our ongoing global asset utilization process which identified the opportunity to shift our production to other European facilities resulting in lower energy consumption and production costs while still meeting current and anticipated market needs,” said Jean-Marc Arrambourg, President, O-I Europe.

Approximately 100 people will be affected and O-I will offer positions in other Italian plants to all affected employees.

http://www.o-i.com
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