date:Apr 27, 2012
this to lower sales in China as a result of several furnace rebuilds and the residual impact from the prior closure of the companys facility in Guangzhou (acquired in Q4 2010).
Chinese issues aside, O-I said that global sales would have been flat compared with Q1 2011; higher sales prices in the quarter also allowed it realise a $13m benefit that offset inflation.
Strong manufacturing performance
O-I attributed a further $22m benefit tostrong manufacturing performance namely higher fixed cos