Owens Illinois to Build a New Glass Container Manufacturing Facility in Peru

Owens-Illinois, Inc. today announced it is building a new glass container manufacturing facility in Lurin, Peru, based on existing and growing demand in the local glass container market and region. This $34 million investment will use existing O-I equipment and technologies from around the world.

Construction will begin in October 2006 and the plant is expected to be operational in the second half of 2007. This will further realign O-I's global footprint with demand in its fastest growing region in Latin America.

"This project allows us to construct a world class, low-cost facility by redeploying O-I machines and equipment idled by capacity rationalizations in other regions, in order to deliver on our strategy to grow with emerging economies like Peru. This capacity has been in our plans for some time, is on strategy and is consistent with our cash oriented plans. It's an excellent platform to grow with our brand partners in the region as well," said Rich Crawford, president, O-I Latin America Glass.

The new facility, in a district south of Lima, will replace production currently being imported from other countries and regions to support local demand, which has exceeded current capacity. The plant will manufacture glass containers for the Peruvian food and beverage markets.

At present, the Company operates one facility in Peru.

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