O-I Glass to build new glass plant in Kentucky to serve its premium spirits category

Jul. 28, 2022 6:09 PM ETO-I Glass, Inc. (OI)By: Anuron Mitra, SA News Editor1 Comment

Collection of bottles of various colours

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  • O-I Glass (NYSE:OI) on Thursday said it would build a new glass plant in Bowling Green, Kentucky that would serve its premium spirits category.
  • OI said it had plans to invest up to $240M in multiple expansion waves over time and create about 140 new jobs in the region.
  • Perrysburg, Ohio-based O-I (OI) is a manufacturer of glass jars and bottles for a wide category of products including vials used in healthcare and glass containers for alcoholic beverages.
  • Start of the first production line at the new Kentucky plant is expected in mid-2024, followed by up to two more production lines, OI said.
  • OI stock earlier closed +1.1% at $14.19.

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