O-I Glass to Build New Glass Plant in Bowling Green, KY
– Follows strong consumer trend towards sustainable packaging – Latest innovation in hi-tech and sustainable glass manufacturing – First purposely-built MAGMA facility at O-I – Aligns with expansion plan for profitable growth – Up to $240 million investment in multiple expansion waves over time; approx. 140 new jobs expected to be created Perrysburg, […]
O-I Glass Subsidiary, Paddock Enterprises, LLC, Emerges from Chapter 11
Paddock Enterprises has emerged from Chapter 11 protection Funding of a $610 million Asbestos Trust is complete Final and fair resolution of Paddock’s asbestos-related legacy liabilities Perrysburg, OH, July 18, 2022 (GLOBE NEWSWIRE) — O-I Glass, Inc. (“O-I Glass”) today announced that its wholly owned subsidiary, Paddock Enterprises, LLC (“Paddock”), has emerged from Chapter […]
O-I Glass Announces Second Quarter 2022 Earnings Conference Call and Webcast
PERRYSBURG, Ohio, July 06, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) has scheduled its second quarter 2022 conference call and webcast for Wednesday, August 3, 2022, at 8 a.m. EDT. The Company’s news release for the second quarter 2022 earnings will be issued after the market closes on Tuesday, August […]
O-I Glass Business Update 2022 Q2
PERRYSBURG, Ohio, June 07, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) today provided a business update for the second quarter of 2022 in advance of participation in an investor conference. “The second quarter is progressing very well, and we now expect adjusted earnings will exceed our previous guidance range. […]
Paddock Enterprises, LLC Plan of Reorganization Confirmed by U.S. Court
PERRYSBURG, OH, May 27, 2022 (GLOBE NEWSWIRE) —Today, Paddock Enterprises, LLC (“Paddock”), a wholly owned subsidiary of O-I Glass, Inc. (“O-I Glass”), announced that an order confirming its Plan of Reorganization (the “Plan”) was entered by the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), paving way to the implementation of […]
O-I Glass Secures $1.3b of $1.5b Portfolio Optimization Target
PERRYSBURG, Ohio, May 12, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE A subsidiary of O-I Glass, Inc. (NYSE: OI) recently completed a sale and leaseback transaction for a plant located in Brampton, Ontario for CAD $244 million (approximately USD $191 million USD). “This sale is another significant milestone in our Portfolio Optimization program and builds […]
Long-Serving Directors Kelly and Hellman Retiring
David Clark of Cereal Partners Worldwide, S.A. Elected to O-I Board of Directors PERRYSBURG, Ohio, May 10, 2022 (GLOBE NEWSWIRE) — O-I Glass, Inc. (“O-I”) (NYSE: OI) today announced, after the conclusion of O-I’s Annual Meeting of Share Owners held earlier today, that Anastasia D. Kelly and Peter S. Hellman, are retiring from O-I’s Board […]
O-I Glass Reports First Quarter 2022 Results
PERRYSBURG, Ohio, April 25, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the first quarter ended March 31, 2022. “O-I reported strong first quarter results that significantly exceeded guidance and demonstrated our agility to navigate elevated market uncertainty and volatility. Shipments increased 6.4 percent […]
O-I Glass Announces First Quarter 2022 Earnings Conference Call and Webcast
PERRYSBURG, Ohio, March 29, 2022 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) has scheduled its first quarter 2022 conference call and webcast for Tuesday, April 26, 2022, at 8 a.m. EDT. The Company’s news release for the first quarter 2022 earnings will be issued after the market closes on Monday, April […]
O-I Glass Leader Receives National Women in Manufacturing Award
PERRYSBURG, Ohio (March 1, 2022) – O-I Glass’ Monica Pacheco is among 130 women being recognized nationally by The Manufacturing Institute. Pacheco, a global glass science engineer at O-I’s World Headquarters in Perrysburg, Ohio, will receive a 2022 Science, Technology, Engineering and Production (STEP) Ahead Award on April 28,2022 in Washington, D.C. This prestigious award […]
