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Visy agreed to buy O-I ANZ, the largest glass bottle and container maker in Australia and New Zealand, for US$652 million ($932 million), with completion expected by the end of July 2020. O-I will use the proceeds to reduce its debt.
O-I will invest more than EUR 60 million at its Gironcourt plant in France, adding a new furnace in 2020 and upgrading an existing one, for about 1.9 billion incremental glass containers per year and around 60 new jobs.
HRL, an Australian laboratory services firm, signed a three-year contract with O-I to provide analysis and spot testing of its glass container products, reported on 27 March 2017 and worth about $1 million.