O-I secures 1.3 of USD 1.5 billion Portfolio Optimization Target

At the fair, Şişecam introduced its high-performance solar glass produced for use in solar panels and solar thermal collectors

A subsidiary of O-I Glass, Inc. recently completed a sale and leaseback transaction for a plant located in Brampton, Ontario, Canada, for CAD 244 million (approximately USD 191 million).

“This sale is another significant milestone in our Portfolio Optimization program and builds upon the Colombian tableware divestiture completed earlier this year. To date, we have successfully realized approximately USD 1.3 billion of proceeds toward our target of USD 1.5 billion, which we anticipate will be achieved in the second half of 2022,” said Andres Lopez, O-I Glass CEO.