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Owens-Illinois
Topic Started: Jan 12 2016, 07:12 AM (16 Views)
Bill Clinton
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Owens-Illinois
From Wikipedia, the free encyclopedia
Owens-Illinois Inc.
O-i logo.jpg
Type
Public
Traded as NYSE: OI
S&P 500 Component
Industry packaging, glass
Founded Toledo, Ohio, USA (1929)
Founder Michael Joseph Owens
Headquarters Perrysburg, Ohio, USA
Key people
Chairman/CEO/President
Albert P.L. Stroucken
COO
Andres Lopez
Products glass
Services glass manufacturing
Revenue Increase US$7.4 billion (2011)[1]
Operating income
Increase US$424 million (2010)[1]
Net income
Increase US$258 million (2010)[1]
Owner public
Number of employees
24,000
Slogan O-I makers of beautiful, pure, sustainable glass packaging.
Website http://www.o-i.com/
Owens-Illinois Inc. is a Fortune 500 company that specializes in container glass products. It is one of the world's leading manufacturers of packaging products, holding the position of largest manufacturer of glass containers in North America, South America, Asia-Pacific and Europe (after acquiring BSN Glasspack in 2004 [2]). Approximately one of every two glass containers made worldwide is made by O-I, its affiliates, or its licensees.

Contents [hide]
1 Company
2 Partnership with NEG
3 Environmental Issues
4 See also
5 References
6 External links
Company[edit]
While legally known as Owens-Illinois Inc.,[3] the company changed its trade name to O-I in 2005 to group its global operations under a single, cross-language and cross-culture brand name.

Until July 2007, the company was also a worldwide manufacturer of plastics packaging with operations in North America, South America, Asia-Pacific and Europe. Plastics packaging products manufactured by O-I included containers, closures, and prescription containers. In July 2007 O-I completed the sale of its entire plastics packaging business to Rexam PLC, a UK listed packaging manufacturer.

O-I was a part of the Dow Jones Industrial Average from June 1, 1959 until March 12, 1987. The company was added to the S&P 500 Index in January 2009. O-I was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by Kohlberg Kravis Roberts), added in 1991 and removed again in 2000.[4]

The company's headquarters were previously located in One SeaGate, Toledo, Ohio, a local landmark. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio. The company is the successor to the Owens Bottle Machine Co founded in 1903 by Michael Joseph Owens and Edward Drummond Libbey.

In October 2010, Owens-Illinois Venezuela C.A was expropriated by President Hugo Chávez.[5]

In May 2015, O-I made an offer to purchase the food and beverage glass container business of Mexican company Vitro for $2.15 billion.[6] Timing for finalization has not been announced.

Partnership with NEG[edit]
O-I partnered with NEG (Nippon Electric Glass), to produce glass television screens at its Columbus, Ohio and Pittston, Pennsylvania plants in the 1970s through the mid-1990s before allowing Techneglas to take over the operations.

Environmental Issues[edit]
Although it has not made an asbestos-containing materials since 1958, Owens-Illinois invented, tested, manufactured and distributed KAYLO asbestos containing thermal pipe insulation from 1948 through 1958.[7] Owens-Illinois remains a named defendant in numerous asbestos litigation matters throughout the U.S.[8] Some claims in these cases allege that Owens-Illinois was a participant in the seventh annual Saranac Seminar[9] when the cancer-causing potential of asbestos was studied in the 1950s.[10]

See also[edit]
Portal icon Companies portal
In-mould labelling
Glass Container Production
Glass
References[edit]
^ Jump up to: a b c Financial Statements for Owens-Illinois Inc - Google Finance
Jump up ^ "Owens-Illinois acquisition receives EC approval". PackWire.com. 2004-06-11. Retrieved 2007-10-16.
Jump up ^ Owens-Brockway Glass Containers, Plant Comptroller in Muskogee, Oklahoma (ok)
Jump up ^ Owens-Illinois Inc. headed back to S&P 500 stock index: http://toledoblade.com/apps/pbcs.dll/article?AID=/20081225/BUSINESS03/812250392/-1/BUSINESS
Jump up ^ Unión Radio: http://www.unionradio.net/actualidadur/nota/visornota.aspx?id=57882&tpCont=1&idSec=4
Jump up ^ "Zacks Equity Research". Zacks. Zacks. Retrieved 1 July 2015.
Jump up ^ History of Owens-Corning and Owens-Illinois and asbestos online
Jump up ^ Owens Illinois 10-K for December 2, 2009 listing liabilities (search asbestos)
Jump up ^ History of the Saranac Laboratory at Saranac Lake, New York
Jump up ^ Dukes et al. v. Pneumo Abex (2008 Illinois appellate court opinion, search for Owens and Saranac)
External links[edit]
Owens-Illinois Company Official Site
Story OF THE Owens-Illinois Glass Company
Glass Is Life
Webpage showing examples of marks used by Owens-Illinois on containers
[hide] v t e
Glass makers and brands
Contemporary
companies
Anchor Hocking Arc International Ardagh Group Armashield Asahi Aurora Glass Foundry Aventas group Baccarat Berengo Studio Blenko Glass Company Bodum Bormioli Rocco Borosil Caithness Glass Cox & Barnard Corning Dartington Crystal Daum Edinburgh Crystal Effetre International Fanavid Fenton Art Glass Company Firozabad glass industry Flabeg Franz Mayer Glava Glaverbel Guardian Industries Hadeland Hardman & Co. Heaton, Butler and Bayne Holmegaard Glassworks Holophane Hoya Kingdom of Crystal Kokomo Opalescent Glass Works Kosta Glasbruk Libbey-Owens-Ford Liuli Gongfang Iittala Luoyang Johns Manville Mats Jonasson Målerås Moser Glass Mosser Glass Nippon Sheet Glass Ohara Orrefors Osram Owens Corning Owens-Illinois Paşabahçe Pauly & C. - Compagnia Venezia Murano Phu Phong Pilkington PPG Preciosa Riedel Royal Leerdam Crystal Saint-Gobain Saint-Louis Samsung Corning Precision Glass Şişecam Schonbek Schott Sterlite Optical Technologies Steuben Swarovski Tyrone Crystal Val Saint Lambert Verrerie of Brehat Waterford Watts & Co. World Kitchen Xinyi Glass Zwiesel
Historic
companies
Bakewell Glass Belmont Glass Company Boston and Sandwich Glass Company Brockway Glass Carr Lowrey Glass Company Cambridge Glass Chance Brothers Clayton and Bell Dugan Glass Company Duncan & Miller Dunbar Glass Fostoria Glass Company General Glass Industries Gus Crystal Alexander Gibbs Grönvik glasbruk Hartford City Glass Company Hazel-Atlas Heisey Hemingray Glass Company J. H. Hobbs, Brockunier and Company Knox Glass Bottle Company Lavers, Barraud and Westlake Manufacture royale de glaces de miroirs Millersburg Glass Company Morris & Co. Nachtmann Northwood Glass Company Novelty Glass Company Old Dominion Glass Company James Powell and Sons Ravenhead glass The Root Glass Company Seneca Glass Company Shrigley and Hunt Sneath Glass Company Venini & C. Ward and Hughes Westmoreland Glass Company Wheaton Industries Whitall Tatum Company White Glass Company Worshipful Company
Glassmakers
A. H. Heisey Alastair Pilkington Antonio Neri Dante Marioni Edward D. Libbey Frederick Carder Friedrich Henry Clay Fry Henry Crimmel Henry William Stiegel Irving Wightman Colburn John Adams John M. Whitall Lino Tagliapietra Michael Joseph Owens Otto Schott Paolo Venini Richard M. Atwater S. Donald Stookey Salviati Tomasz Urbanowicz W. E. S. Turner
Trademarks
and brands
Activ Bohemian glass Bomex Duran Endural Burmese glass Chevron bead Corelle CorningWare Cranberry glass Cristallo Dragontrail Favrile Fire-King Gorilla Glass Macor Millefiori Murano glass Opaline glass Pyrex Ravenhead glass Tiffany glass Vitrite Vitrolite Vycor Waterford Crystal Wood's glass Zerodur
Related
articles
List of defunct glassmaking companies
Categories: Companies listed on the New York Stock ExchangeCompanies based in Toledo, OhioCompanies based in OhioGlassmaking companiesFormer components of the Dow Jones Industrial AverageAsbestosManufacturing companies established in 19291929 establishments in Ohio
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