Ardagh will close its manufacturing plant in Texas and temporarily halt production in Washington. Photograph: iStockArdagh Group plans to close a glass bottle manufacturing plant in Texas and temporarily halt production at another site in Washington, affecting almost 500 jobs as it seeks to rein in costs amid a decline in demand. READ MOREThe downturn in glass bottle demand comes as brewers increase their focus on using aluminium cans, given they are cheaper, lighter and less expensive to transport, according to industry observers. Ardagh, which traces its roots to the long-since closed glass bottle factory in Dublin’s Ringsend, has been turned by Mr Coulson into a packaging giant through a series of debt-fuelled acquisitions. The group is targeting earnings growth for the year as a whole, amid hopes of improving demand, especially in the second half of the year.

Source: The Irish Times June 29, 2024 06:31 UTC