Owens-Illinois Inc. is a Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...

 company that specializes in container glass
Container glass
Container glass is a type of glass for the production of glass containers, such as bottles, jars, drinkware, and bowls. Container glass stands in contrast to flat glass and fiberglass...

 products. It is one of the world's leading manufacturers of packaging products, holding the position of largest manufacturer of glass containers in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

, South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...

, Asia-Pacific
Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...

 and Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

 (after acquiring BSN Glasspack in 2004 ). Approximately one of every two glass containers made worldwide is made by O-I, its affiliates, or its licensees.


While legally known as Owens-Illinois Inc., 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.

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
Rexam PLC is a global consumer packaging company headquartered in London, United Kingdom. It is the largest manufacturer of beverage cans in the world and a leading producer of plastic packaging...

 PLC, a UK listed packaging manufacturer.

O-I was a part of the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...

 from June 1, 1959 until March 12, 1987. The company was added to the Standard & Poor's 500 Index in January 2009. O-I was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by Kohlberg Kravis Roberts), added in 1991 and removed again in 2000.

The company's headquarters were previously located in One SeaGate
One SeaGate
Fifth Third Center at One SeaGate is the tallest building in Toledo, Ohio. Until 2006, the building served as the world headquarters for Owens-Illinois. In 2007, Fifth Third Bank moved their Northwest Ohio headquarters to the building.- Building features :...

, Toledo, Ohio
Toledo, Ohio
Toledo is the fourth most populous city in the U.S. state of Ohio and is the county seat of Lucas County. Toledo is in northwest Ohio, on the western end of Lake Erie, and borders the State of Michigan...

, a local landmark. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio
Perrysburg, Ohio
As of the census of 2000, there were 16,945 people, 6,592 households, and 4,561 families residing in the city. The population density was 1,899.2 people per square mile . There were 6,964 housing units at an average density of 780.5 per square mile...

. The company is the successor to the Owens Bottle Machine Co founded in 1903 by Michael Joseph Owens
Michael Joseph Owens
Michael Joseph Owens was an inventor of machines that could automate the production of glass bottles.-Biography:...

 and Edward Drummond Libbey
Edward Drummond Libbey
Edward Drummond Libbey is the father of the glass industry in Toledo, Ohio, where he opened the Libbey Glass Company in 1888.-Biography:Libbey was born in Chelsea, Massachusetts, USA...


In October 2010 Owens-illinois Venezuela C.A: was expropriated by President Hugo Chávez
Hugo Chávez
Hugo Rafael Chávez Frías is the 56th and current President of Venezuela, having held that position since 1999. He was formerly the leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when he became the leader of the United Socialist Party of Venezuela...


Partnership with NEG

O-I partnered with NEG (Nippon Electric Glass), to produce glass television
Television is a telecommunication medium for transmitting and receiving moving images that can be monochrome or colored, with accompanying sound...

 screens at its Pittston, Pennsylvania plant in the 1970s through the mid-1990s before allowing Techneglas to take over the operations.

See also

  • In-mould labelling
    In-mould labelling
    In-mould labelling is the use of paper or plastic labels during the manufacturing of containers by blow molding, injection molding, or thermoforming processes. The label serves as the integral part of the final product, which is then delivered as pre-decorated item. Combining the decoration...

  • Glass Container Production
  • Glass
    Glass is an amorphous solid material. Glasses are typically brittle and optically transparent.The most familiar type of glass, used for centuries in windows and drinking vessels, is soda-lime glass, composed of about 75% silica plus Na2O, CaO, and several minor additives...

External links

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