O-I Glass (OI) Plans to Invest $65M in Its French Plant

O-I Glass, Inc. (OI) announced its plans to invest around $65 million in the electrification and decarbonization of its plant in Veauche, France. The move aligns with O-I Glass's sustainability efforts and its previously announced investment in plant renovations. The company intends to simultaneously implement a heat recovery system that will reduce carbon emissions in the plant. O-I Glass reported first-quarter 2024 earnings per share of 45 cents, which beat the Zacks Consensus Estimate of 36 cents. On a y ...