The closure of two Ardagh glass packaging facilities has cost it $65 million.
In its latest financial note, the container glass manufacturer said the closure of its Drebkau, Germany facility would cost $38 million, while costs related to its Dolton, Illinois, USA site would be $27 million.
The costs were listed as exceptional items in its quarter 1, 2025 financial statement published last week.
Exceptional items are those that, in management’s judgment, need to be disclosed by virtue of their size, nature or incidence, the company said.
The company reported a 3% increase in glass packaging volume growth in Europe in the first quarter but which was offset by a 10% decrease in glass shipments in its Africa segment.
In Europe, while customer sentiment remains relatively subdued most categories reported year on year growth led by the spirits segment.
In its North America division, shipments of glass were down by 13% compared to the prior year level primarily due to the closure of three US facilities since the beginning of 2024.
It reported that while the beer and spirits demand remained relatively strong in the region, the wine bottle market was challenging.
30.04.2025, Ardagh Glass Packaging
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