{"id":809750,"date":"2025-02-06T07:23:02","date_gmt":"2025-02-06T12:23:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/"},"modified":"2025-02-06T07:23:02","modified_gmt":"2025-02-06T12:23:02","slug":"o-i-glass-seeks-to-position-holzminden-for-strong-future","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/","title":{"rendered":"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>\n          <i>State-of-the-art<\/i><br \/>\n          <i>f<\/i><br \/>\n          <i>urnace <\/i><br \/>\n          <i>t<\/i><br \/>\n          <i>echnology <\/i><br \/>\n          <i>to <\/i><br \/>\n          <i>r<\/i><br \/>\n          <i>educe <\/i><br \/>\n          <i>e<\/i><br \/>\n          <i>missions <\/i><br \/>\n          <i>and <\/i><br \/>\n          <i>e<\/i><br \/>\n          <i>nhance <\/i><br \/>\n          <i>e<\/i><br \/>\n          <i>fficiency<\/i>\n        <\/li>\n<li>\n          <i>Next m<\/i><br \/>\n          <i>ilestone in <\/i><br \/>\n          <i>O-I\u2019s <\/i><br \/>\n          <i>decarbonization strategy<\/i>\u00a0<\/li>\n<li>\n          <i>Buildin<\/i><br \/>\n          <i>g a<\/i><br \/>\n          <i>n even more<\/i><br \/>\n          <i> competitive business in Germany<\/i><br \/>\n          <i> creates new value for O-I customers<\/i>\n        <\/li>\n<\/ul>\n<p align=\"left\">PERRYSBURG, Ohio \/ HOLZMINDEN, Germany , Feb.  06, 2025  (GLOBE NEWSWIRE) &#8212;  &#8211; As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) is further strengthening its business in Germany.\u00a0 Determined to build an even more competitive business, the company is positioning its Holzminden, Germany, plant for a strong future by undertaking efforts to make the facility leaner, more agile, and more efficient.\u00a0 The upgrade will also include the installation of cutting-edge furnace technology that is expected to significantly enhance energy efficiency and reduce emissions. In combination with the also-planned on-site oxygen production, this comprehensive technology upgrade supports the conversion of an existing furnace to a Gas-Oxy system. The innovative setup is expected to reduce fuel consumption by up to 30 percent and lower CO2 emissions by approximately 4,000 tons annually compared with current technology.\u00a0<\/p>\n<p \/>\n<p align=\"left\">\u201cO-I has been making glass for our customers for over 120 years and is a trusted, high-quality packaging provider to brands around the world,\u201d said Randy Burns, Chief Administrative &amp; Sustainability Officer for O-I. \u201cWe are working with innovative suppliers as we seek to deploy top-glass-making technologies to create new value by driving decarbonization at O-I, increasing productivity, and supporting our customers in their own decarbonization efforts.\u201d\u00a0<\/p>\n<p \/>\n<p align=\"justify\">\n        <b>ABOUT O-I GLASS\u202f<\/b>\u202f\u00a0<\/p>\n<p align=\"justify\">At O-I Glass, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world\u2019s leading food and beverage brands. We innovate in line with customers\u2019 needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 23,000 people across 68\u202fplants in 19 countries, O-I achieved revenues of $7.1 billion in 2023. Learn more about us:\u202f <a href=\"http:\/\/o-i.com\/\" rel=\"nofollow\" target=\"_blank\"><b>o-i.com<\/b><\/a> \/\u202f<a href=\"https:\/\/www.facebook.com\/OIGlass\" rel=\"nofollow\" target=\"_blank\"><b>Facebook<\/b><\/a> \/ <a href=\"https:\/\/twitter.com\/OI_Glass\" rel=\"nofollow\" target=\"_blank\"><b>Twitter<\/b><\/a> \/ <a href=\"https:\/\/www.instagram.com\/oi_glass\/\" rel=\"nofollow\" target=\"_blank\"><b>Instagram<\/b><\/a> \/ <a href=\"https:\/\/www.linkedin.com\/company\/o-i\/\" rel=\"nofollow\" target=\"_blank\"><b>LinkedIn<\/b><\/a>\u202f <\/p>\n<p \/>\n<p align=\"justify\">\n        <b>FORWARD-LOOKING STATEMENTS<\/b>\u00a0<\/p>\n<p align=\"left\">This press release contains \u201cforward-looking\u201d statements related to O-I Glass, Inc. (\u201cO-I Glass\u201d or the \u201ccompany\u201d) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company\u2019s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201ccommit,\u201d and the negatives of these words and other similar expressions generally identify forward-looking statements.\u00a0<\/p>\n<p align=\"justify\">It is possible that the Company\u2019s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the company\u2019s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win program, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general political, economic and competitive conditions in markets and countries where the company has operations, including uncertainties related to economic and social conditions, trade disputes, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, and changes in laws or policies, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the company\u2019s customer base, (7) the company\u2019s ability to improve its glass melting technology, known as the MAGMA program, and implement it in a manner to deliver economic profit within the timeframe expected in addition to successfully achieving key production and commercial milestones, (8) unanticipated supply chain and operational disruptions, including higher capital spending, (9) seasonality of customer demand, (10) the failure of the company\u2019s joint venture partners to meet their obligations or commit additional capital to the joint venture, (11) labor shortages, labor cost increases or strikes, (12) the company\u2019s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (13) the company\u2019s ability to generate sufficient future cash flows to ensure the company\u2019s goodwill is not impaired, (14) any increases in the underfunded status of the company\u2019s pension plans, (15) any failure or disruption of the company\u2019s information technology, or those of third parties on which the company relies, or any cybersecurity or data privacy incidents affecting the company or its third-party service providers, (16) risks related to the company\u2019s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the company to generate cash to service indebtedness and refinance debt on favorable terms, (17) risks associated with operating in foreign countries, (18) foreign currency fluctuations relative to the U.S. dollar, (19) changes in tax laws or global trade policies, (20) the company\u2019s ability to comply with various environmental legal requirements, (21) risks related to recycling and recycled content laws and regulations, (22) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders, and the other risk factors discussed in the Company&#8217;s filings with the Securities and Exchange Commission.\u00a0<\/p>\n<p align=\"justify\">It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company\u2019s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document. <\/p>\n<p>\n        \n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1MzgwMiM2NzM4MDM1IzIwMDc4OTc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTgwYzhlODYtOWY1ZC00ZmI3LTliZTYtNWRlYzZkYjRlM2U5LTEwMTk0NzA=\/tiny\/Owens-Illinois-General-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>JIM WOODS\u00a0\r\nCorporate Affairs\u00a0\u00a0\r\nJames.Woods@o-i.com\u00a0<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>State-of-the-art f urnace t echnology to r educe e missions and e nhance e fficiency Next m ilestone in O-I\u2019s decarbonization strategy\u00a0 Buildin g a n even more competitive business in Germany creates new value for O-I customers PERRYSBURG, Ohio \/ HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) &#8212; &#8211; As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) is further strengthening its business in Germany.\u00a0 Determined to build an even more competitive business, the company is positioning its Holzminden, Germany, plant for a strong future by undertaking efforts to make the facility leaner, more agile, and more efficient.\u00a0 The upgrade will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE&#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-809750","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE - 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-glass-seeks-to-position-holzminden-for-strong-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"State-of-the-art f urnace t echnology to r educe e missions and e nhance e fficiency Next m ilestone in O-I\u2019s decarbonization strategy\u00a0 Buildin g a n even more competitive business in Germany creates new value for O-I customers PERRYSBURG, Ohio \/ HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) &#8212; &#8211; As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) is further strengthening its business in Germany.\u00a0 Determined to build an even more competitive business, the company is positioning its Holzminden, Germany, plant for a strong future by undertaking efforts to make the facility leaner, more agile, and more efficient.\u00a0 The upgrade will &hellip; Continue reading &quot;O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T12:23:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1MzgwMiM2NzM4MDM1IzIwMDc4OTc=\" \/>\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=\"5 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-glass-seeks-to-position-holzminden-for-strong-future\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-glass-seeks-to-position-holzminden-for-strong-future\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE\",\"datePublished\":\"2025-02-06T12:23:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-glass-seeks-to-position-holzminden-for-strong-future\\\/\"},\"wordCount\":1066,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-glass-seeks-to-position-holzminden-for-strong-future\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM1MzgwMiM2NzM4MDM1IzIwMDc4OTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-glass-seeks-to-position-holzminden-for-strong-future\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/o-i-glass-seeks-to-position-holzminden-for-strong-future\\\/\",\"name\":\"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/","og_locale":"en_US","og_type":"article","og_title":"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE - Market Newsdesk","og_description":"State-of-the-art f urnace t echnology to r educe e missions and e nhance e fficiency Next m ilestone in O-I\u2019s decarbonization strategy\u00a0 Buildin g a n even more competitive business in Germany creates new value for O-I customers PERRYSBURG, Ohio \/ HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) &#8212; &#8211; As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (\u201cO-I Glass\u201d or \u201cO-I\u201d) is further strengthening its business in Germany.\u00a0 Determined to build an even more competitive business, the company is positioning its Holzminden, Germany, plant for a strong future by undertaking efforts to make the facility leaner, more agile, and more efficient.\u00a0 The upgrade will &hellip; Continue reading \"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-06T12:23:02+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1MzgwMiM2NzM4MDM1IzIwMDc4OTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE","datePublished":"2025-02-06T12:23:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/"},"wordCount":1066,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1MzgwMiM2NzM4MDM1IzIwMDc4OTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/o-i-glass-seeks-to-position-holzminden-for-strong-future\/","name":"O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE - 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