Record Investment for O-I Glass in France: €95 Million to Upgrade Plants in Gironcourt and Reims

O-I Glass, Inc (NYSE: OI) announced today the company is investing €95 million into two of its French glass packaging production facilities. As a continuation of its modernization investment program, these significant investments aim to upgrade the sustainability, flexibility, and productivity of its operations in Gironcourt-sur-Vraine and Reims. This investment is consistent with O-I’s recently updated ESG roadmap which is aligned with our previously announced capital spending plan.

In Gironcourt, where the plant recently marked its 120th anniversary, €55 million will be invested in close cooperation with one of its key customers to rebuild a furnace and equip it with innovative GOAT technology (Gas Oxy Advanced Technology).

This innovative approach – already successfully implemented last year at the O-I plant in Vayres (France) – uses a mix of gas and oxygen to heat the furnace. In combination with a newly installed heat recovery system to pre-heat raw materials and recycled glass, the new installation is expected to reduce CO2 emissions by up to 18%.

In addition to the furnace upgrade, a production line at the plant will be modernized to further increase flexibility and capacity. An average of about 80% of the plant’s raw materials is comprised of scrap and locally recycled glass, underlining the circular and local nature of glass packaging.
more at: https://investors.o-i.com/News-Events/news/news-details/2024/RECORD-INVESTMENT-FOR-O-I-GLASS-IN-FRANCE—95-MILLION-TO-UPGRADE-PLANTS-IN-GIRONCOURT-AND-REIMS/default.aspx

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