Owens-Illinois
From Wikipedia, the free encyclopedia
| Owens-Illinois, Inc | |
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| Type | Public (NYSE: OI) |
| Founded | 1929 |
| Founder | Michael Joseph Owens |
| Headquarters |  Perrysburg, Ohio, USA |
| Industry | packaging, glass |
| Revenue | ▲ US$8.13 billion [1](2007) |
| Net income | ▲ US$-27.5 million (2006) |
| Employees | 30,000 |
| Website | http://www.o-i.com/ |
Owens-Illinois is a Fortune 1000 company that specializes in glass containers. 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, Australia, New Zealand, China, and Europe (after acquiring BSN Glasspack in 2004 [2]). Approximately one of every two glass containers made worldwide is made by Owens-Illinois, its affiliates, or its licensees.
Until July 2007, the company was also a worldwide manufacturer of plastics packaging with operations in North America, South America, Australia, Europe, and Asia. Plastics packaging products manufactured by O-I included containers, closures, and prescription containers. In July 2007 Owens-Illinois completed the sale of its entire plastics packaging business to Rexam PLC, a UK listed packaging manufacturer.
Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959 until March 12, 1987. 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
[edit] Partnership with NIG
Owens-Illinois 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.
[edit] References
- ^ 20 Top-performing stocks - Owens-Illinois (3) - FORTUNE
- ^ Owens-Illinois acquisition receives EC approval. PackWire.com (2004-06-11). Retrieved on 2007-10-16.
