Glass Industry News

Closure of Ardagh glass plants costs company $166 million

, Ardagh Glass Packaging

Ardagh Glass Packaging North America had exceptional costs of $166 million related to the closure of two manufacturing facilities.

In its half-year financial report for 2024, it outlined one-off, exceptional costs related to its Houston, Texas production facility and the indefinite curtailment of the Seattle, Washington production site.

This included $131 million related to the impairment of property, plant and equipment and $35 million of restructuring and other costs primarily in connection with these activities.

The same division also reported $3 million of costs related to fire and storm damage in the first half of the year.

In the report Ardagh Glass Packaging saw revenue decline in Europe and Africa and in its North American divisions in the first half of the year.

European and African revenue decreased by $117 million, or 8%, to $1,340 million in the six months ended June 30, 2024, compared with $1,457 million in the same period last year. 

The decrease was principally due to the pass through of lower input costs to customers, notably energy, partly offset by favourable volume/mix effects. 

In North America revenue decreased by $78 million, or 9%, to $781 million in the six months ended June 30, 2024, compared with $859 million in the same period last year. 

The decrease principally reflected lower volume/mix, partly offset by the pass through of higher input costs.

In the same note it said Demand for beverage products within its glass packaging business is strongest during the summer and during periods of warm weather, as well as during the period leading up to holidays in December.

, © Ardagh Glass Packaging

Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2024

plants.glassglobal.com

Updated hollow glass study 2024

Request more information

Updated float glass study 2024

Request more information

Further glass market studies

Request more information

Perfil da Empresa



Updated worldwide glass market study 2024 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2024.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated container glass study 2024

X

Updated float glass study 2024

X

Further glass studies and reports 2024

X