O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE
O-I Glass has announced plans to strengthen its operations in Germany by upgrading its Holzminden plant with state-of-the-art furnace technology. The modernization includes converting an existing furnace to a Gas-Oxy system and implementing on-site oxygen production. This technological upgrade is expected to reduce fuel consumption by up to 30 percent and decrease CO2 emissions by approximately 4,000 tons annually compared to current technology.
The initiative is part of O-I's broader strategy to become the most competitive glass maker in the industry while advancing its decarbonization goals. The company aims to make the Holzminden facility more lean, agile, and efficient, creating new value for its customers while supporting their decarbonization efforts.
O-I Glass ha annunciato piani per rafforzare le sue operazioni in Germania attraverso l'aggiornamento dello stabilimento di Holzminden con tecnologie delle fornaci all'avanguardia. La modernizzazione prevede la conversione di una fornace esistente in un sistema Gas-Oxy e l'implementazione della produzione di ossigeno in loco. Questo aggiornamento tecnologico dovrebbe ridurre il consumo di combustibile fino al 30 percento e diminuire le emissioni di CO2 di circa 4.000 tonnellate all'anno rispetto alla tecnologia attuale.
L'iniziativa fa parte della strategia più ampia di O-I per diventare il produttore di vetro più competitivo nel settore, avanzando contemporaneamente verso i propri obiettivi di decarbonizzazione. L'azienda mira a rendere lo stabilimento di Holzminden più snello, agile ed efficiente, creando nuovo valore per i suoi clienti mentre sostiene i loro sforzi di decarbonizzazione.
O-I Glass ha anunciado planes para fortalecer sus operaciones en Alemania actualizando su planta de Holzminden con tecnología de horno de última generación. La modernización incluye la conversión de un horno existente a un sistema Gas-Oxy e implementando la producción de oxígeno en el lugar. Se espera que esta actualización tecnológica reduzca el consumo de combustible hasta en un 30 por ciento y disminuya las emisiones de CO2 en aproximadamente 4.000 toneladas anuales en comparación con la tecnología actual.
La iniciativa es parte de la estrategia más amplia de O-I para convertirse en el fabricante de vidrio más competitivo en la industria, mientras avanza hacia sus objetivos de descarbonización. La empresa tiene como objetivo hacer que la instalación de Holzminden sea más ágil, eficiente y eficaz, creando nuevo valor para sus clientes mientras apoya sus esfuerzos de descarbonización.
O-I Glass는 최신 제련기술로 홀츠민든 공장을 업그레이드하여 독일에서 운영을 강화할 계획을 발표했습니다. 현대화에는 기존 제련기를 가스-산소 시스템으로 전환하고 현장에서 산소 생산을 구현하는 것이 포함됩니다. 이 기술 업그레이드는 연료 소비를 최대 30% 감소시키고 현재 기술에 비해 연간 약 4,000톤의 CO2 배출량을 줄일 것으로 예상됩니다.
이 이니셔티브는 O-I가 업계에서 가장 경쟁력 있는 유리 제조업체가 되기 위한 더 넓은 전략의 일환으로, 탈탄소화 목표를 추진하는 것입니다. 회사는 홀츠민든 시설을 더 유연하고 민첩하며 효율적으로 만들어 고객에게 새로운 가치를 창출하고 그들의 탈탄소화 노력을 지원하는 것을 목표로 하고 있습니다.
O-I Glass a annoncé des plans pour renforcer ses opérations en Allemagne en modernisant son usine de Holzminden avec des technologies de fours à la pointe. La modernisation comprend la conversion d'un four existant en un système Gaz-Oxy et la mise en œuvre de la production d'oxygène sur site. Cette mise à niveau technologique devrait réduire la consommation de combustible jusqu'à 30 pour cent et diminuer les émissions de CO2 d'environ 4 000 tonnes par an par rapport à la technologie actuelle.
Cette initiative s'inscrit dans une stratégie plus large d'O-I pour devenir le fabricant de verre le plus compétitif du secteur tout en avançant vers ses objectifs de décarbonisation. L'entreprise vise à rendre l'installation de Holzminden plus agile, efficace et efficiente, créant ainsi une nouvelle valeur pour ses clients tout en soutenant leurs efforts de décarbonisation.
O-I Glass hat Pläne angekündigt, ihre Aktivitäten in Deutschland zu stärken, indem das Werk in Holzminden mit modernster Ofentechnologie aufgerüstet wird. Die Modernisierung umfasst die Umstellung eines bestehenden Ofens auf ein Gas-Oxy-System und die Implementierung der Sauerstoffproduktion vor Ort. Diese technische Aufrüstung wird voraussichtlich den Brennstoffverbrauch um bis zu 30 Prozent senken und die CO2-Emissionen im Vergleich zur aktuellen Technologie um etwa 4.000 Tonnen pro Jahr reduzieren.
Die Initiative ist Teil von O-Is umfassender Strategie, der wettbewerbsfähigste Glashersteller der Branche zu werden und gleichzeitig die Ziele zur Dekarbonisierung voranzutreiben. Das Unternehmen hat zum Ziel, die Holzminden-Anlage schlanker, agiler und effizienter zu gestalten und dabei seinen Kunden neuen Wert zu bieten und deren Dekarbonisierungsanstrengungen zu unterstützen.
- Projected 30% reduction in fuel consumption
- Expected 4,000 tons annual reduction in CO2 emissions
- Implementation of advanced Gas-Oxy system technology
- Operational efficiency improvements through facility modernization
- None.
Insights
This facility upgrade represents a significant strategic move for O-I Glass, particularly in the context of Europe's stringent environmental regulations and rising energy costs. The investment in Gas-Oxy furnace technology with on-site oxygen production delivers multiple strategic advantages:
Operational Excellence & Cost Leadership:
- The projected
30% reduction in fuel consumption is particularly valuable given volatile European energy markets and could translate to substantial cost savings - On-site oxygen production reduces dependency on external suppliers and associated logistics costs
- The modernization positions Holzminden as a showcase facility for O-I's technological capabilities
Market & Competitive Position:
- The upgrade strengthens O-I's position in the premium German packaging market, where sustainability credentials increasingly influence customer decisions
- Enhanced efficiency and reduced emissions align with major beverage and food manufacturers' scope 3 emission reduction targets
- The investment signals long-term commitment to the German market, potentially strengthening customer relationships
Environmental & Regulatory Impact:
- The 4,000-ton annual CO2 reduction helps hedge against rising carbon prices under the EU ETS
- Advanced technology adoption positions the facility ahead of potential future environmental regulations
- The upgrade contributes to O-I's broader decarbonization strategy, enhancing ESG performance metrics important to investors
- State-of-the-art furnace technology to reduce emissions and enhance efficiency
- Next milestone in O-I’s decarbonization strategy
- Building an even more competitive business in Germany creates new value for O-I customers
PERRYSBURG, Ohio / HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) -- - As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (“O-I Glass” or “O-I”) is further strengthening its business in Germany. 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. 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.
“O-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,” said Randy Burns, Chief Administrative & Sustainability Officer for O-I. “We 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.”
ABOUT O-I GLASS
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’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 23,000 people across 68 plants in 19 countries, O-I achieved revenues of
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking” statements related to O-I Glass, Inc. (“O-I Glass” or the “company”) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “commit,” and the negatives of these words and other similar expressions generally identify forward-looking statements.
It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the company’s 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’s customer base, (7) the company’s 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’s 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’s 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’s ability to generate sufficient future cash flows to ensure the company’s goodwill is not impaired, (14) any increases in the underfunded status of the company’s pension plans, (15) any failure or disruption of the company’s 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’s 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’s 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's filings with the Securities and Exchange Commission.
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’s 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.
FAQ
How much will O-I Glass reduce CO2 emissions at its Holzminden plant?
What fuel consumption savings will OI achieve with the new Gas-Oxy system?
What technological upgrades is OI implementing at its Holzminden plant?
How will the Holzminden plant upgrade affect OI's competitive position?
