Stock Symbol: OI
Owens-Illinois, Inc. Industry:
Containers & Packaging
Owens-Illinois, Inc. Description:
Owens-Illinois is the largest manufacturer of glass containers in North America, South America, Australia and New Zealand, and one of the largest in Europe. O-I also is a worldwide manufacturer of plastics packaging with operations in North America, South America, Europe, Australia and New Zealand. Plastics packaging products manufactured by O-I include consumer products (blow molded containers, injection molded closures and dispensing systems) and prescription containers.
Owens-Illinois, Inc. Financial Summary:
For the nine months ended 30 September 2005, Owens- Illinois, Incorporated's revenues increased 21% to $5.41B. Net income applicable to Common from continuing operations increased 30% to $244.2M. Revenues benefitted from higher unit shipments, improved selling prices, productivity and cost reduction initiatives and European operational synergies. Net income also reflects an increase in gross profit margins.
Owens-Illinois, Inc. Business Summary:
Owens-Illinois, Inc. is a manufacturer of packaging products and glass containers with operations in Europe, North America, Asia Pacific and South America. The Company has two product segments: Glass Containers and Plastics Packaging. It produces glass containers for malt beverages, including beer and ready-to-drink, low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. The Company is also a manufacturer of plastic healthcare containers, plastic closures and plastic prescription containers. It has 82 glass manufacturing plants in 22 countries and 24 plastics packaging facilities primarily in the United States. On June 21, 2004, the Company completed the acquisition of BSN Glasspack, S.A. On October 7, 2004, the Company sold its blow-molded plastic container operations in North America, South America and Europe to Graham Packaging Company, a portfolio company of The Blackstone Group.