Materials
Ardagh Glass to spend 335m on European manufacturingstevenkiernan, 22 January 2008Be the first to comment on this article Ardagh Glass will invest 335m (EUR450m) in manufacturing facilities across Europe over the next few years to help deliver an “improved business performance”.
The Irish firm owns a number of furnaces that are coming to the end of their lives, and rebuilding them would "represent a significant investment". "We've got to look at investment across the group as a whole, to see where it makes the most economic sense," said the spokeswoman. "There will, however, be no reduction in capacity in the UK or Europe." The firm will balance the closures by reopening previously closed capacity in Germany and the UK and building a new furnace in the Netherlands. Ardagh became Europe's third largest glass manufacturer, with annual sales of approximately £850m, when it bought Rexam's container glass division last March. The company currently operates 22 manufacturing facilities, with 47 furnaces, in seven European countries. Speak Your Mind |
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