The Full Wiki

Owens-Illinois: Wikis

Advertisements
  
  

Note: Many of our articles have direct quotes from sources you can cite, within the Wikipedia article! This article doesn't yet, but we're working on it! See more info or our list of citable articles.

Encyclopedia

From Wikipedia, the free encyclopedia

Owens-Illinois Inc.
Type Public (NYSEOI)
Founded 1929
Founder(s) Michael Joseph Owens
Headquarters United States Perrysburg, Ohio, USA
Key people Chairman/CEO/President
Albert P.L. Stroucken
CFO & Executive VP
Edward C. White
President-Global Glass Ops
L. Richard Crawford
Chief Strategy Officer
Greg Sipla
President O-I North America Miguel Escobar
President O-I Asia Pacific
Greg Ridder
President O-I Europe
Jose Lorente
President O-I Latin America Andres Lopez
Industry packaging, glass
Revenue US$8.13 billion [1](2007)
Net income US$-27.5 million (2006)
Employees 23,000
Website http://www.o-i.com/

Owens-Illinois Inc. (NYSEOI) is a Fortune 2000 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.

While legally known as Owens-Illinois Inc., 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 Standard & Poor's 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.[3] The company's stock was hurt by asbestos lawsuits and high fuel prices.

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 the suburb of Perrysburg, Ohio. The company is the successor to the Owens Bottle Machine Co founded in 1903 by Michael Joseph Owens and Edward Drummond Libbey.

Contents

Partnership with NIG

O-I partnered with NIG (Nippon Electric Glass), to produce glass television screens at its Pittston, Pennsylvania plant in the 1970s through the mid 1990's before allowing Techneglas to take over the operations.

See also

References

External links

Advertisements

Advertisements






Got something to say? Make a comment.
Your name
Your email address
Message