{"id":726199,"date":"2023-01-26T09:12:37","date_gmt":"2023-01-26T14:12:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\/"},"modified":"2023-01-26T09:12:37","modified_gmt":"2023-01-26T14:12:37","slug":"o-i-provides-inside-look-at-tranformational-magma-glass-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\/","title":{"rendered":"O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Perrysburg, OH, Jan.  26, 2023  (GLOBE NEWSWIRE) &#8212; <\/p>\n<ul>\n<li>MAGMA is a revolutionary, flexible, modular glass production system<\/li>\n<li>MAGMA complements O-I\u2019s heritage production network, set to deliver far-reaching benefits for O-I and its customers<\/li>\n<li>Video provides first look at Generation 1 and Generation 2 MAGMA Technology<\/li>\n<\/ul>\n<p>\n        <b>PERRYSBURG, Ohio (January 26, 2023<\/b>) \u2013 O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) today released a video (<a href=\"https:\/\/youtu.be\/jajQKkzcD_I\" rel=\"nofollow noopener\" target=\"_blank\"><b><b><u>https:\/\/youtu.be\/jajQKkzcD_I<\/u><\/b><\/b><\/a>) offering a first look at existing MAGMA operations as the company prepares for its first, purpose-built MAGMA factory in Bowling Green, KY. The video combines live footage of MAGMA lines with insight as to the transformational nature of the new technology.<\/p>\n<\/p>\n<p>\u201cMAGMA will set new standards in glass manufacturing, allowing us to use renewable sources of energy and more recycled content, while reducing greenhouse gas emissions and waste,\u201d said Ludovic Valette, O-I VP of Global Technology and Engineering. \u201cIt provides scalability and rapid deployment, as well as lower capital intensity, mobility, flexibility, and consequently supply chain efficiency.\u201d<\/p>\n<p>O-I recently announced the construction of a new greenfield glass plant in Bowling Green, KY that will be the first facility purposely built for the revolutionary MAGMA technology. Enabled by advanced technologies and innovative processes, the state-of-the-art site is expected to come on stream mid 2024 and further enhance O-I\u2019s customer service, flexibility, and sustainability.<\/p>\n<p>\n        <b>ABOUT O-I GLASS<\/b>\n      <\/p>\n<p>At O-I Glass, Inc. (NYSE: OI), we love glass and we\u2019re proud to\u00a0be one of the leading producers\u00a0of glass\u00a0bottles\u00a0and\u00a0jars\u00a0around\u00a0the\u00a0globe.\u00a0Glass is not only beautiful, it\u2019s also pure, healthy and completely recyclable;\u00a0making it the most sustainable rigid packaging material. Headquartered in\u00a0Perrysburg, Ohio\u00a0(USA),\u00a0O-I is the preferred partner for many of the world\u2019s leading food and beverage brands. We\u00a0innovate\u00a0in line with customers\u2019 needs to create iconic packaging\u00a0that\u00a0builds\u00a0brands around the world.\u00a0Led by our diverse team\u00a0of\u00a0approximately 24,000 people\u00a0across\u00a070\u202fplants in 19 countries, O-I achieved\u00a0revenues of $6.4\u00a0billion in 2021.\u00a0Recognizing the tremendous benefits of glass, the United Nations has designated 2022 as the International Year of Glass to celebrate the past, present, and future of this transformative material. Learn more about us: <a href=\"https:\/\/www.o-i.com\/\" rel=\"nofollow noopener\" target=\"_blank\"><b><b><u>o-i.com<\/u><\/b><\/b><\/a>\u00a0\/\u202f<a href=\"https:\/\/www.facebook.com\/OIGlass\" rel=\"nofollow noopener\" target=\"_blank\"><b><b><u>Facebook<\/u><\/b><\/b><\/a>\u00a0\/\u00a0<a href=\"https:\/\/twitter.com\/OI_Glass\" rel=\"nofollow noopener\" target=\"_blank\"><b><b><u>Twitter<\/u><\/b><\/b><\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.instagram.com\/OI_Glass\/\" rel=\"nofollow noopener\" target=\"_blank\"><b><b><u>Instagram<\/u><\/b><\/b><\/a>\u00a0\/\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/o-i\" rel=\"nofollow noopener\" target=\"_blank\"><b><b><u>LinkedIn<\/u><\/b><\/b><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNzMyNCM1Mzc2NjA4IzIwMDc4OTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NmM3YTE3ZGMtN2ZmMC00NmQ5LTliNTMtOTZhZjQwMWQ5MWI3LTEwMTk0NzA=\/tiny\/Owens-Illinois-General-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Chris Manuel\r\nVice President of Investor Relations\r\nChris.Manuel@O-I .com\r\n567.336.2600\r\n\r\nJIM WOODS\r\nPublic Relations Lead\r\nJames.Woods@o-i.com\r\n724.732.5748<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Perrysburg, OH, Jan. 26, 2023 (GLOBE NEWSWIRE) &#8212; MAGMA is a revolutionary, flexible, modular glass production system MAGMA complements O-I\u2019s heritage production network, set to deliver far-reaching benefits for O-I and its customers Video provides first look at Generation 1 and Generation 2 MAGMA Technology PERRYSBURG, Ohio (January 26, 2023) \u2013 O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) today released a video (https:\/\/youtu.be\/jajQKkzcD_I) offering a first look at existing MAGMA operations as the company prepares for its first, purpose-built MAGMA factory in Bowling Green, KY. The video combines live footage of MAGMA lines with insight as to the transformational nature of the new technology. \u201cMAGMA will set new standards in glass manufacturing, allowing us to use renewable sources of energy &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-726199","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Perrysburg, OH, Jan. 26, 2023 (GLOBE NEWSWIRE) &#8212; MAGMA is a revolutionary, flexible, modular glass production system MAGMA complements O-I\u2019s heritage production network, set to deliver far-reaching benefits for O-I and its customers Video provides first look at Generation 1 and Generation 2 MAGMA Technology PERRYSBURG, Ohio (January 26, 2023) \u2013 O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) today released a video (https:\/\/youtu.be\/jajQKkzcD_I) offering a first look at existing MAGMA operations as the company prepares for its first, purpose-built MAGMA factory in Bowling Green, KY. The video combines live footage of MAGMA lines with insight as to the transformational nature of the new technology. \u201cMAGMA will set new standards in glass manufacturing, allowing us to use renewable sources of energy &hellip; Continue reading &quot;O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-26T14:12:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNzMyNCM1Mzc2NjA4IzIwMDc4OTc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY\",\"datePublished\":\"2023-01-26T14:12:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\\\/\"},\"wordCount\":368,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNzMyNCM1Mzc2NjA4IzIwMDc4OTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-provides-inside-look-at-tranformational-magma-glass-technology\\\/\",\"name\":\"O-I PROVIDES INSIDE LOOK AT TRANFORMATIONAL MAGMA GLASS TECHNOLOGY - 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(\u201cO-I Glass\u201d or \u201cO-I\u201d) today released a video (https:\/\/youtu.be\/jajQKkzcD_I) offering a first look at existing MAGMA operations as the company prepares for its first, purpose-built MAGMA factory in Bowling Green, KY. 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