Last $27.06 USD
Change Today -0.12 / -0.44%
Volume 440.6K
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Michael Owens Way

Perrysburg, OH 43551

United States

Phone: 567-336-5000


Owens-Illinois, Inc., through its subsidiaries, is engaged in the manufacture of glass containers worldwide. The company has 77 glass manufacturing plants in 21 countries. Products and Services The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company also produces glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. The company manufactures glass containers in a range of sizes, shapes, and colors. Customers The company's major customers consist of the primary food and beverage manufacturers in the world, including Anheuser-Busch InBev, Brown Forman, Carlsberg, Coca-Cola, Constellation, Diageo, Heineken, Kirin, MillerCoors, Nestle Waters, PepsiCo, Pernod Ricard, SABMiller, and Saxco International. The company sells majority of its glass container products directly to customers. The company also sells some of its products through distributors. Markets The company's principal markets for glass container products are in Europe, North America, South America, and the Asia Pacific. Strategy The company’s strategy is to improve selectively by taking advantage of the company's position in emerging markets around the world and strengthening the company's positions in Europe and North America; deliver brand-building product innovation to the company's customers to help them build, develop, and expand their brands; and invest strategically in process innovation and research and development. Research, Development, and Engineering The company’s expenditures for research, development, and engineering activities were $62 million for 2013. Competition Europe: Throughout Europe, the company competes directly with various glass container manufacturers, including Verallia, Ardagh Group, Vetropak, and Vidrala. North America: The major glass container competitors in the U.S. are Verallia North America and Ardagh Group. South America: The company competes directly with Verallia in Brazil and Argentina. Asia Pacific: The major competitors producing metal containers include Orora; Ball Corporation; Crown Holdings, Inc.; Rexam plc; and Silgan Holdings Inc. The major competitors producing plastic containers include Orora; Consolidated Container Holdings, LLC; Reynolds Group Holdings Limited; Plastipak Packaging, Inc.; and Silgan Holdings Inc. Significant Events In October 2014, Owens-Illinois, Inc. announced that it has agreed to enter into a 50-50 joint venture with Constellation Brands Inc. The joint venture would operate the glass container production plant in Nava, Mexico, that Constellation recently agreed to purchase from Anheuser-Busch Inbev (ABI). 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. History Owens-Illinois, Inc. was founded in 1903.


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