Tuesday 24 April 2018

Ardagh to close US site as beer sales fall

Ardagh chairman Paul Coulson
Ardagh chairman Paul Coulson

John Mulligan and Ellie Donnelly

Packaging giant Ardagh, headed by Paul Coulson, has said it will close its glass container production facility in Milford, Massachusetts.

Ardagh, one of the world's largest glass and metal container makers, said it decided to close the facility due to the decline in demand from the mass beer market in the United States - a continuing trend.

The factory employs about 250 people. Ardagh said markets for wine, food and spirits are performing more strongly.

The closure announcement came as First Derivatives appointed US-based Donna Troy as a non-executive director as it eyes further global growth.

Last November the Newry-based fintech company announced that its Kx technology had been selected by Red Bull Racing to analyse sensor data from its Formula 1 vehicles.

Based in Austin, Texas, Ms Troy has extensive experience in both senior executive and non-executive roles within multinational technology companies. Ms Troy has previously held sales leadership roles in organisations including IBM, McAfee, SAP, and Dell, delivering revenue and margin growth and implementing global go-to-market strategies.

Ms Troy currently holds non-executive roles at technology companies Pivot3 and TIBCO. "I have been immensely impressed by First Derivatives' achievements to date and the potential of its Kx technology, and I am delighted to join the board at this exciting stage of the group's development," she said.

Meanwhile, Julian Yarr has been elected by the partners of A&L Goodbody to serve a third term as managing partner of the leading Dublin law firm.

The term will start from 1 May 2018 and run for four years.

Irish Independent

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