Page 21 - Glass Machinery Plants & Accessories no. 2/2018

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ARDAGH

CLOSURE OF US SITE

Ardagh Group has announced that it is to permanently
close its Milford, MA, glass container production facility
due to a continued decline in demand from the mass beer
market in the United States.
The closure of the site, which employs 250 people, is
expected to take place on or after 31 March 2018. Affected
customers will be serviced from the group’s other North
American glass facilities.
Ardagh said that although capacity dedicated to the mass
beer market will be reduced, it will continues to pursue
growth opportunities in stronger performing end markets,
including wine, spirits and food. This will involve the
conversion of some mass beer capacity to serve these
alternative end markets.
It added that targeted investments in its North America
network, including new inspection equipment, will enhance
its competitive position and enable differentiation through a
focus on innovation, quality and service.
The Milford plant began operations in 1973 and has
been producing beer bottles since 1987, and was part
of Ardagh’s USD 1.7 billion purchase of Verallia North
America in April 2014 from French group Saint-Gobain.

AZERSTEKLO

PRODUCTION OF GLASS

PRODUCTS TO EXPAND

Azerbaijan state plant Azercell will expand its production
facilities in 2018 according to Economy Minister Shahin
Mustafayev at a conference on the results of the fourth year
of the implementation of the State Program on Socio-
Economic Development of the Regions of Azerbaijan for
2014-2018. Answering the questions of entrepreneurs,
the minister noted that Azersteklo passed under the
jurisdiction of the Azerbaijan Industrial Corporation, which
examined the plant’s activities and identified its problems.
As Mustafayev noted, the corporation will open a new
production line at this plant.
In particular, we are talking about the production of
various types of bottles. In November 2017, the President
of Azerbaijan, Ilham Aliyev, signed a decree on the
establishment of the Azerbaijan Industrial Corporation.
According to the decree, the authorized capital of the agro-
industrial complex and other assets for its activities are Fusiontec
formed mainly due to property owned by Aqrarkredit CJSC a Revimac Company
(on the balance sheet) received instead of the problem
assets (debts) transferred from OJSC International Bank of Via Mario Carraro, 9/11
Azerbaijan and transferred in the property (on the balance)
of OAO APK. 36075 Montecchio Maggiore (VI) - Italy

www.fusiontec.eu