Owens-Illinois (OI)
Frequently Asked Questions About Owens-Illinois (OI)
How does Owens-Illinois contribute to the circular economy?
Owens-Illinois plays a significant role in the circular economy by promoting glass recycling and reusing cullet, which is crushed recycled glass, in its production processes. This not only reduces waste but also minimizes energy usage and raw material requirements.
How does Owens-Illinois ensure quality in its products?
Owens-Illinois ensures quality in its products through stringent quality control processes and advanced manufacturing technologies. The company invests in research and development to refine its production techniques and ensure that all products meet industry standards and customer expectations.
How does Owens-Illinois support local communities?
Owens-Illinois actively supports local communities through various initiatives, including environmental programs, educational partnerships, and community engagement efforts. The company's commitment to corporate social responsibility emphasizes sustainable development and community well-being.
How has Owens-Illinois adapted to changes in consumer preferences?
Owens-Illinois has adapted to changing consumer preferences by investing in product innovation and sustainable practices. This includes producing lightweight glass containers, incorporating eco-friendly designs, and increasing the recyclability of their products to align with growing environmental consciousness.
How many employees does Owens-Illinois have?
As of 2023, Owens-Illinois employs approximately 26,000 people worldwide. The company's workforce is dedicated to manufacturing high-quality glass packaging and driving operational efficiency across its global facilities.
Is Owens-Illinois involved in any research and development?
Yes, Owens-Illinois is heavily involved in research and development to innovate its product offerings and improve production processes. The company focuses on developing new technologies in glass production, advancing sustainability efforts, and enhancing the functionality of its packaging solutions.
What are the key industries served by Owens-Illinois?
Owens-Illinois primarily serves the food and beverage industries, but it also extends to sectors such as pharmaceuticals and cosmetics. This diverse portfolio enables the company to leverage various market opportunities and stabilize its revenue streams.
What does Owens-Illinois (OI) do?
Owens-Illinois (NYSE: OI) is a leading global manufacturer of glass containers for the food and beverage sectors. The company specializes in producing glass bottles and jars, providing packaging solutions that protect and enhance the products of many well-known brands. With a strong emphasis on sustainability and innovation, OI continues to expand its presence in markets around the world.
What innovations is Owens-Illinois known for?
Owens-Illinois is known for its innovative approaches to glass packaging, including advancements in lightweighting, which reduces the amount of glass used while maintaining the product's integrity. The company also focuses on developing new designs and functionalities to meet evolving consumer demands.
What is Owens-Illinois' approach to employee safety?
Owens-Illinois prioritizes employee safety through rigorous training programs, safety protocols, and a culture that emphasizes health and well-being. The company continually works to improve workplace safety standards and reduce incidents across its manufacturing facilities.
What is Owens-Illinois' commitment to sustainability?
Owens-Illinois is committed to sustainability through initiatives that aim to reduce its environmental impact. The company focuses on increasing the recyclability of its products, utilizing energy-efficient production processes, and committing to sustainable sourcing of raw materials.
What is Owens-Illinois' global footprint?
Owens-Illinois operates globally with manufacturing facilities located in multiple countries, including the USA, Mexico, Brazil, and several nations across Europe and Asia. This extensive network allows the company to meet regional demands while optimizing production efficiencies.
What is the history of Owens-Illinois?
Owens-Illinois was founded in 1929 through the merger of the Owens Bottle Company and the Illinois Glass Company. Over the decades, it has grown through acquisitions and innovations, evolving into a significant player in the glass packaging industry, recognized for its advanced technology and product development.
What markets does Owens-Illinois serve?
Owens-Illinois serves a variety of markets, primarily focusing on the food and beverage sectors. Its products include glass containers for beers, spirits, soft drinks, and food products, making the company a key player in the packaging industry.
What types of glass products does Owens-Illinois manufacture?
Owens-Illinois manufactures a broad range of glass products, including bottles and jars for beverages like beer, wine, and spirits, as well as containers for food products. The company's diverse portfolio meets the needs of various industries and consumer preferences.
What was the revenue of Owens-Illinois in the latest fiscal year?
In the most recent fiscal year, Owens-Illinois reported revenues of approximately $7.3 billion. This reflects the company's strong performance in the glass packaging market and its ability to adapt to changing market dynamics.
Where can I find more information about Owens-Illinois?
More information about Owens-Illinois can be found on its official website, where you can access company reports, press releases, and investor relations materials. Additionally, social media channels and corporate publications provide insights into the company's latest initiatives and activities.
Where is Owens-Illinois headquartered?
Owens-Illinois is headquartered in Perrysburg, Ohio, USA. The location strategically positions the company within the U.S. manufacturing base, allowing for efficient logistics and communication within the North American market and beyond.
Who are some of Owens-Illinois' competitors?
Owens-Illinois faces competition from various companies in the packaging industry, including Ardagh Group, Verallia, and Saint-Gobain. These competitors also specialize in glass and other packaging materials, posing challenges in innovation and market share.
What is the current price of Owens-Illinois?
The current price of Owens-Illinois is 10.53
When was Owens-Illinois last traded?
The last trade of Owens-Illinois was at 7:00 pm EDT on April 4th, 2025
What is the market capitalization of Owens-Illinois?
The market capitalization of Owens-Illinois is 1.63B
How many shares of Owens-Illinois are outstanding?
Owens-Illinois has 154.65M shares outstanding.