Formerly | Owens-Illinois, Inc. |
---|---|
Company type | Public |
Industry | Packaging Glass |
Founded | 1929Toledo, Ohio, U.S. | in
Founder | Michael J. Owens |
Headquarters | , U.S. |
Key people | Gordon Hardie (CEO) |
Products | Glass |
Services | Glass manufacturing |
Revenue | US$6.4 billion (2021) |
US$449 million (2021) | |
US$172 million (2021) [1] | |
Number of employees | 24,000 (2021) |
Website | o-i |
O-I Glass, Inc. is an American company that specializes in container glass products. [2] 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 [3] ).
While legally known as Owens-Illinois, Inc.,[ citation needed ] 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.[ citation needed ]
The company's headquarters were previously located at One SeaGate, Toledo, Ohio. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio. The company is the successor to the Owens Bottle Company founded in 1903 by Michael Joseph Owens, who made the first automated bottle-making machine, and Edward Drummond Libbey. In 1929, the Owens Bottle Company merged with Illinois Glass Company to become Owens-Illinois, Inc. [4] Six years later, Owens-Illinois merged with Corning Incorporated to form Owens Corning.[ citation needed ]
In 1971 Owens-Illinois produced an early commercial plasma display, the digivue. [5]
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, a United Kingdom listed packaging manufacturer. [6]
Owens-Illinois 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. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000. [7]
In October 2010, Owens-Illinois Venezuela C.A was expropriated by President Hugo Chávez. [8]
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. [9] The acquisition closed in September 2015.
In 2020, a subsidiary of O-I Glass, Paddock Enterprises, entered bankruptcy following numerous asbestos lawsuits filed against the company. All of the company's asbestos-related claims were isolated within Paddock and separated from O-I's glass-making operations. [10]
Owens-Illinois 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.
Although it has not made asbestos-containing materials since 1958, Owens-Illinois invented, tested, manufactured and distributed KAYLO asbestos containing thermal pipe insulation from 1948 through 1958. [11] Owens-Illinois remains a named defendant in numerous asbestos litigation matters throughout the U.S. [12] Some claims in these cases allege that Owens-Illinois was a participant in the seventh annual Saranac Seminar [13] when the cancer-causing potential of asbestos was studied in the 1950s. [14]
As a result of a pattern of violations producing repeat emissions, its Oregon plant was fined in August 2023 by the Oregon Department of Environmental Quality. This was their 10th fine. [15]
Glass fiber is a material consisting of numerous extremely fine fibers of glass.
Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related materials and products. It is the world's largest manufacturer of fiberglass composites. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company employs approximately 19,000 people around the world. Owens Corning has been a Fortune 500 company every year since the list was created in 1955. The Pink Panther acts as the company's mascot and appears in most of their advertisements.
Amcor plc is a global packaging company. It develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products.
Rexam plc was a British-based multinational consumer packaging company headquartered in London, England. After spending much of its life as a paper producer known as Bowater, it diversified and became a leading manufacturer of beverage cans. It had 55 plants in over 20 countries across Asia, Europe, North America and South America. In June 2016, Rexam was acquired by Ball Corporation for $8.4 billion.
A glass bottle is a bottle made from glass. Glass bottles can vary in size considerably, but are most commonly found in sizes ranging between about 200 millilitres and 1.5 litres. Common uses for glass bottles include food condiments, soda, liquor, cosmetics, pickling and preservatives; they are occasionally also notably used for the informal distribution of notes. These types of bottles are utilitarian and serve a purpose in commercial industries.
Berry Global Group, Inc. is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 265+ facilities across the globe and more than 46,000+ employees With $14+ billion in revenues in fiscal year 2022, the company is one of the largest Indiana headquartered company in Fortune Magazine’s ranking. The company changed its name from Berry Plastics to Berry Global in 2017.
Continental Can Company (CCC) was an American producer of metal containers and packaging company, that was based in Stamford, Connecticut.
The Dana Open is a women's professional golf tournament on the LPGA Tour. It was founded 40 years ago in 1984 and has been played yearly, except in 1986 and 2011, in Sylvania, Ohio, a suburb northwest of Toledo. The tournament is televised by Golf Channel.
Libbey-Owens-Ford Company (LOF) was a producer of flat glass for the automotive and building products industries both for original equipment manufacturers and for replacement use. The company's headquarters and main factories were located in Toledo, Ohio, with large float glass plants in Rossford, Ohio, Laurinburg, North Carolina, Ottawa, Illinois, Shreveport, Louisiana, and Lathrop, California. The company was formed in 1930 by the merger of Libbey-Owens's sheet-glass operation with the Edward Ford Plate Glass Company, both located in Toledo.
Michael Joseph Owens was an inventor of machines to automate the production of glass bottles.
Dominick Labino was an American internationally known scientist, inventor, artist and master craftsman in glass. Labino's art works in glass are in the permanent collections of more than 100 museums throughout the world. Labino held over 60 glass-oriented patents in the United States.
Continental Packaging Solutions was an American packaging company. It was founded in 1936 and headquartered in Chicago, Illinois, until Berlin Packaging purchased the company in 2010. The company was a member of the National Association of Container Distributors (NACD).
Gerresheimer AG is a German manufacturer of primary packaging products for medication and drug delivery devices made of special-purpose glass and plastics with headquarters in Düsseldorf for the pharmaceutical and cosmetics industries. The company has production operations in Europe, the Americas and Asia.
Brockway Glass Company was founded in 1907 in Brockway, Pennsylvania by the Brockway Machine Bottle Company. Brockway manufactured and sold glass containers and tubing along with plastic products manufactured through wholly owned subsidiaries. In 1964, Brockway bought several Hazel-Atlas Glass Company factories from the Continental Can Company as part of a lawsuit settlement. In 1987, Owens-Illinois made a bid of $60 per share to acquire Brockway, which was met with resistance by the Federal Trade Commission (FTC). After a Federal District Judge denied the FTC's request for an injunction, Owens-Illinois acquired Brockway's shares.
Libbey, Inc., is a glass production company headquartered in Toledo, Ohio. It was originally founded in 1818 in Cambridge, Massachusetts, as the New England Glass Company, before relocating to Ohio in 1888 and renaming to Libbey Glass Co. After it was purchased in 1935, it operated as part of the Libbey-Owens-Ford company and as a division of the Owens-Illinois glass company until 1993, when it was separated back into an independent company.
Bottles are able to be recycled and this is generally a positive option. Bottles are collected via kerbside collection or returned using a bottle deposit system. Currently just over half of plastic bottles are recycled globally. About 1 million plastic bottles are bought around the world every minute and only about 50% are recycled.
Berlin Packaging is a supplier of packaging services headquartered in Chicago, Illinois, United States. Its customers include companies in the beverage, food, personal care, pharmaceutical, household care, industrial, and coatings sectors.
Hartford-Empire Co. v. United States, 323 U.S. 386 (1945), was a patent-antitrust case that the Government brought against a cartel in the glass container industry. The cartel, among other things, divided the fields of manufacture of glass containers, first, into blown glass and pressed glass, which was subdivided into: products made under the suction process, milk bottles, and fruit jars. The trial court found the cartel violative of the antitrust laws and the Supreme Court agreed that the market division and related conduct were illegal. The trial court required royalty-free licensing of present patents and reasonable royalty licensing of future patents. A divided Supreme Court reversed the requirement for royalty-free licensing as "confiscatory," but sustained the requirement for reasonable royalty licensing of the patents.
Jack K. Paquette was a historian, author, and retired vice president of Owens–Illinois. He was born in East Toledo, Ohio, and attended the Ohio State University where he earned a Bachelor of Arts degree in journalism in 1949 and a Master of Arts degree in political science in 1951. After graduation he began a 33–year career with Owens–Illinois, one of the largest glass bottle manufacturers in the world. By 1970 he was vice president of the overall company and director of the Corporate Relations Department. He retired in 1984. During his retirement, he wrote six books about life in Northwest Ohio, including four related to glassmaking.