Trending...
- Dr Joy Dental Clinic Recognized as a Superbrand for 2024
- Use Bitcoin to Earn Bitcoin - Innovative Layer 2 Solution for Bitcoin
- Horion M6APro Series IFPs Achieves Google EDLA Certification
VALDOSTA, Ga. ~ Valdosta, Georgia - Glass container manufacturer Arglass has announced that it has secured over $230 million in capital to build a second furnace on its campus in Valdosta. The company raised a combination of structured equity and debt to finance the construction of the new facility.
Projected to be completed in the second quarter of 2025, the state-of-the-art manufacturing plant is expected to produce over 350 million sustainable glass containers annually. This will be made possible by a fully integrated production network, driven by AI-integrated real-time data monitoring, predictive modeling, and fully automated closed-loop production and quality assurance systems. These advancements will allow for the production of up to eight different glass container types simultaneously, providing maximum flexibility for smaller production runs, faster response to market demands, lower inventory levels, and reduced investment in molds.
In addition to its cutting-edge capabilities, the new facility will also boast one of the most extensive sustainability infrastructures of any glass manufacturing plant in the world. It will be powered by a hybrid gas, electric, and hydrogen oxy-fuel furnace capable of melting 490 metric tons of glass per day. The plant will also have a solar power installation that will provide an additional five megawatts of power.
More on Georgia Chron
Arglass Chairman and CEO José de Diego Arozamena expressed his excitement about the new furnace, stating that it will further establish Arglass as the most innovative, flexible, and sustainable glass manufacturer in North America. He also highlighted the sustainability benefits of glass as a packaging material and his pride in leading the industry towards new heights in sustainability.
The company's commitment to sustainability goes beyond just its production processes. Other measures include using green hydrogen to reduce CO2 emissions, implementing a closed-loop water system to minimize industrial waste, and having an on-site post-consumer glass recycling plant. This recycling plant will provide post-consumer glass cullet for use in producing new containers. Additionally, Arglass uses its proprietary Arglass Biogenic® glass composition, which replaces traditionally mined material with a naturally renewing, carbon-negative biogenic component harvested from the ocean.
Apart from the advancements in the industry and sustainability, the new facility will also bring job opportunities to the Valdosta area. Arglass Vice President of Operations Tony Krznâr stated that they intend to create 150 new jobs and are looking forward to working with the community to integrate with Georgia's beautiful tapestry.
More on Georgia Chron
The construction of the new facility is expected to begin as soon as possible and will be supported by the Valdosta Lowndes Development Authority and the Georgia Department of Economic Development. A groundbreaking ceremony for the plant will be held on Arglass's campus in Valdosta.
Investment bank Jefferies acted as financial advisor for Arglass, while Orion Infrastructure Capital (OIC) and several other major institutional investors provided funding. Chris Leary, investment partner and head of infra equity at OIC, expressed their confidence in Arglass's innovative growth and transformation of the glass industry in North America through their newly formed capital partnership. He also highlighted OIC's continued investment conviction in sustainable domestic packaging infrastructure.
With this significant investment and commitment to sustainability, Arglass is set to revolutionize the glass manufacturing industry in North America while creating job opportunities for the local community. The company's dedication to innovation and sustainability sets a high standard for others in the industry to follow.
Projected to be completed in the second quarter of 2025, the state-of-the-art manufacturing plant is expected to produce over 350 million sustainable glass containers annually. This will be made possible by a fully integrated production network, driven by AI-integrated real-time data monitoring, predictive modeling, and fully automated closed-loop production and quality assurance systems. These advancements will allow for the production of up to eight different glass container types simultaneously, providing maximum flexibility for smaller production runs, faster response to market demands, lower inventory levels, and reduced investment in molds.
In addition to its cutting-edge capabilities, the new facility will also boast one of the most extensive sustainability infrastructures of any glass manufacturing plant in the world. It will be powered by a hybrid gas, electric, and hydrogen oxy-fuel furnace capable of melting 490 metric tons of glass per day. The plant will also have a solar power installation that will provide an additional five megawatts of power.
More on Georgia Chron
- Kroger Supports Disaster Response to Uplift Communities Impacted by Hurricane Helene
- IP Video Transforms Casino and Resort Operations by Enhancing Guest Experience and Safety While Driving Revenue Opportunities
- Sidow Sobrino's My Amir in the Running for GRAMMY® Nominations
- Harlem Globetrotters Welcome 12 Potential New Talents To Their 2025 Tryout Camp In Atlanta
- Karen Hatcher, CEO of Sovereign Realty + Management, Elected to Georgia Association of REALTORS®
Arglass Chairman and CEO José de Diego Arozamena expressed his excitement about the new furnace, stating that it will further establish Arglass as the most innovative, flexible, and sustainable glass manufacturer in North America. He also highlighted the sustainability benefits of glass as a packaging material and his pride in leading the industry towards new heights in sustainability.
The company's commitment to sustainability goes beyond just its production processes. Other measures include using green hydrogen to reduce CO2 emissions, implementing a closed-loop water system to minimize industrial waste, and having an on-site post-consumer glass recycling plant. This recycling plant will provide post-consumer glass cullet for use in producing new containers. Additionally, Arglass uses its proprietary Arglass Biogenic® glass composition, which replaces traditionally mined material with a naturally renewing, carbon-negative biogenic component harvested from the ocean.
Apart from the advancements in the industry and sustainability, the new facility will also bring job opportunities to the Valdosta area. Arglass Vice President of Operations Tony Krznâr stated that they intend to create 150 new jobs and are looking forward to working with the community to integrate with Georgia's beautiful tapestry.
More on Georgia Chron
- Reliance Aerotech Inc. Announces Appointment Of Ron Jordan To Chief Strategy Officer
- Stop Fighting, Start Living. Daryl Dittmer's New Book Offers Roadmap to Personal Power
- Kelly Family Distributors Expands Operations to Kentucky, Sets Sights on Florida and Beyond
- Join the Global Sisterhood: The Dear Black Woman Podcast Empowering Voices Across Continents
- BTR: Understanding the Critical 2FA Vulnerability in QR Code Enrollment Processes Uncovered by Silent Sector – Lauro Chavez
The construction of the new facility is expected to begin as soon as possible and will be supported by the Valdosta Lowndes Development Authority and the Georgia Department of Economic Development. A groundbreaking ceremony for the plant will be held on Arglass's campus in Valdosta.
Investment bank Jefferies acted as financial advisor for Arglass, while Orion Infrastructure Capital (OIC) and several other major institutional investors provided funding. Chris Leary, investment partner and head of infra equity at OIC, expressed their confidence in Arglass's innovative growth and transformation of the glass industry in North America through their newly formed capital partnership. He also highlighted OIC's continued investment conviction in sustainable domestic packaging infrastructure.
With this significant investment and commitment to sustainability, Arglass is set to revolutionize the glass manufacturing industry in North America while creating job opportunities for the local community. The company's dedication to innovation and sustainability sets a high standard for others in the industry to follow.
Filed Under: Business
0 Comments
Latest on Georgia Chron
- From the NFL to the Hall of Fame: Ovie Mughelli Inducted into Wake Forest's 2025 Hall of Fame
- Grand opening of the ResC4EU platform to support companies withstanding supply chain disruptions
- Brandywine Cares and KOFE Announce Upcoming Fall Small Business Bootcamp
- MedXpress Connect Rebrands to MXC Logistics, Expanding Healthcare Logistics Services USA - English USA - English
- New Study Reveals Alarming Cardiac Risks Associated with Electroshock Treatment
- Ladies Night out Salsa Latin Night Atlanta @ Tonys in Johns Creek
- 4wk Salsa Dance Class Series - Norcross Georgia
- 3hr Salsa dance class in Atlanta @ Ballroom Impact every Saturday
- The Ultimate Guide to Buying Historic Luxury Homes in Winter Park, FL Now Available
- And The Winner Is: Special Request Ft Rey T (AKA) Reynard Thomas
- Hurricane Helene Rates Available at Beachview Club: $129/night
- Junetini to Host 'Meet, Greet & Tasting' at the Ultimate Women's Expo 2024
- Allegiant Management Group Launches New Website Following Recent Rebranding
- Patchwerk Recording Studios Introduces Finishing School For Audio Engineers
- Celebrating 30 Years: 2024 Diversity Visa Lottery Opens Oct. 2, Offering Life-Changing Opportunities for U.S. Immigration
- Quidax Launches $125,000 Crypto Innovation Pitch, Partners with Moonshot for TC Battlefield
- Wagoner Roofing Launches New Website
- L-Strategies LLC terminates Angie Wong Miami Republican Committeewoman's contract with New Federal State of China NFSC
- Sara Abbas Excites Global Listeners With Much-Anticipated Viral Release Of New Single "Love You From A Distance"
- Southern Paranormal Author Anne Schlea Releases 8th Book in time for Halloween