Owens-Illinois, Inc. announced that it has finalized plans to cease production at its Atlanta, GA, plant. The closure is expected to occur on or after July 18, 2018. O-I intends to facilitate the closure in a respectful manner for the approximately 250 people impacted at the Atlanta plant. Current customers of the plant will be served by other domestic plants in the O-I network. The Company remains strongly focused on optimizing the overall efficiency of, and investments in, its regional plant network. The required capital outlay for the Atlanta operations and continued decline of beer in the domestic market influenced the decision to close the plant. O-I's supply-demand profile in the U.S. will be roughly balanced after this closure. Click Read More below for additional information.
Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and the leading global provider of temperature assurance packaging, and Singapore Airlines, a trusted partner in transporting high-value, time and temperature sensitive pharmaceutical cargo across the world, are pleased to announce a global partnership agreement for leasing the new Pegasus ULD® temperature-controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders access to Pegasus ULD® containers directly from Singapore Airlines. Singapore Airlines and mutual clients will also have access to other Sonoco ThermoSafe containers as part of this agreement.
Sonoco ThermoSafe’s Pegasus ULD® is the world’s first FAA and EASA-approved passive bulk temperature-controlled ULD container for pharmaceutical use, which enables it to speed through international air freight handling and customs processes at the lowest possible cost. With a focus on sustainability, the Pegasus is engineered with composite materials, offering a lighter solution that is also substantially more damage-resistant than traditional metal containers. Additionally, the Pegasus ULD® contains a fully integrated, FAA-approved telemetry system providing real-time, cloud-based data on payload and ambient temperature and key environmental factors, precisely synchronized with GPS location.
“We are delighted to partner with Singapore Airlines for inclusion of the Pegasus ULD® container to its cold chain service THRUCOOL,” said Bourji Mourad, who heads Logistics and Partner Management for Sonoco ThermoSafe’s Bulk Rental Group.