Last $27.18 USD
Change Today -0.06 / -0.22%
Volume 388.0K
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

owens-illinois inc (OI) Snapshot

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12/31/13 - $35.95
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owens-illinois inc (OI) Details

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.

22,500 Employees
Last Reported Date: 02/13/14
Founded in 1903

owens-illinois inc (OI) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $462.3K
President of O-I Europe
Total Annual Compensation: $600.9K
Senior Vice President and General Counsel
Total Annual Compensation: $422.0K
Compensation as of Fiscal Year 2013.

owens-illinois inc (OI) Key Developments

Owens-Illinois, Inc. Announces Executive Changes

Owens-Illinois, Inc. announced that it has named Andres Lopez president of glass containers and chief operating officer of O-I, effective February 1, 2015. In this newly created role, Lopez will oversee O-I's business and operations in all of the company's geographic regions. He will be focused on enhancing the performance of the business to the benefit of O-I customers, employees, investors and other key stakeholders. His deep knowledge of the glass industry and his strong commitment to innovation and process improvement will help advance O-I's capabilities to provide high value-added products and services to its customers. From 2009 to 2014, he served as president of O-I South America. Under Lopez's leadership, the region achieved substantial cost reduction through asset optimization and reduced spending, which resulted in increased segment operating income and cash generation. Erik Bouts, president of O-I Europe, will leave the company, effective January 31, 2015, to pursue other opportunities. Leadership succession for the European and North American businesses will be determined in the near future. In the interim, Lopez will continue to lead the North American business.

Owens-Illinois, Inc.(NYSE:OI) dropped from S&P 500 Growth Index

Owens-Illinois, Inc.(NYSE:OI) dropped from S&P 500 Growth Index

Constellation Brands Inc. and Owens-Illinois Form Joint Venture and Complete Acquisition of Nava Glass Plant

Constellation Brands, Inc. announced that it has finalized the joint venture with Owens-Illinois and has completed the acquisition of Anheuser-Busch InBev SA/NV's glass production plant, which is located adjacent to Constellation's brewery in Nava, Coahuila, Mexico. Constellation has also purchased from ABI a high-density warehouse, land and rail infrastructure at the same site. The purchase price for all of these assets was approximately $300 million. This investment in glass sourcing will help ensure Constellation is well-positioned to support the continued momentum and growth opportunities for its beer portfolio well into the future. The glass plant currently has one operational glass furnace and the JV plans to scale the plant to four furnaces. When fully operational with four furnaces, this facility is expected to supply more than 50% of the glass needs for Constellation's U.S. beer business. When this expansion is completed, the number of employees working at the plant is estimated to reach approximately 800, up from the approximately 260 employees currently working at the location today.


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