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O-I Glass reveals Scottish investment plan
O-I Glass has unveiled plans for investments of up to $680m (£500m) globally, including investment at its Alloa plant in Scotland, that could add up to 700 thousand tons of extra glass packaging capacity. The glass bottle manufacturer plans to focus on expanding premium products in its franchise-leading position in Latin America and in the fast growing and high value premium spirits category in the US and UK.
The investments will include up to two MAGMA lines at O-I’s plant in Alloa to support growth in the spirits market, with further details expected in the coming months.
MAGMA is a breakthrough solution by O-I that will reinvent how glass containers are made. MAGMA lines are flexible and scalable and will improve the company’s ability to expand in highly differentiated product segments that are aligned to changing consumer preferences. Through the installation of MAGMA lines, O-I will have the ability to more quickly add capacity in smaller increments closer to customers.
The MAGMA expansion initiatives will leverage first- and second-generation MAGMA capabilities as the company expects to complete the development of generation 3 MAGMA solutions for deployment in 2025.
Andres Lopez, CEO of O-I Glass, said: “This investment is about taking bold action as we transform the company and pivot to meet the evolving requirements of the packaging market. We are embracing and executing change. Our investment in the innovative MAGMA solution represents a major leap that will accelerate O-I’s transformation.
“Our goal has always been to redefine glass making around a flexible, scalable, and sustainable solution that improves our supply chain position. We are ready to deploy MAGMA, achieve the full potential of glass, and enable profitable growth. This new capability will enable the company to grow in existing markets and enter new markets with greater flexibility. MAGMA represents a major leap forward that will accelerate our company’s transformation.”