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Venezuela Expropriates Unit Of US-Based Glassmaker Owen Illinois

CARACAS (AFP) -- Venezuelan President Hugo Chavez late Monday announced the expropriation of the local affiliate of the U.S.-based glass maker Owens-Illinois Inc. (OI), accusing it of causing environmental damage and exploiting its workers. The company "has had years exploiting the workers, destroying the environment" in the western state of Trujillo, "and taking away the money of Venezuelans," Chavez said during a government event broadcast on radio and television. Owens-Illinois is a leader world glass bottle maker with some 22,000 workers in 21 countries. In South America, aside from Venezuela it also has operations in Brazil, Colombia, Ecuador and Peru, and focuses on manufacturing glass containers, according to the company website.

Stock News for Owens Illinois (OI)
11/29/201618:21:00Mid-America Apartment Communities, AmSurg to Join S&P 500; Others...
11/29/201606:52:23Current Report Filing (8-k)
11/21/201616:20:27O-I CFO to Present at the Citi 2016 Basic Materials Conference
11/03/201616:46:46Current Report Filing (8-k)
10/27/201600:30:23Owens-Illinois, Inc.: OI European Group B.V. Launches Private...
10/26/201616:48:06Quarterly Report (10-q)
10/25/201616:40:03Current Report Filing (8-k)
10/25/201616:30:27O-I REPORTS THIRD QUARTER 2016 RESULTS; Steady improvement in...
09/28/201616:20:35O-I Announces Third Quarter 2016 Earnings Conference Call and...
09/20/201610:52:49Statement of Changes in Beneficial Ownership (4)
09/15/201606:59:11Current Report Filing (8-k)
09/06/201616:20:18O-I CEO to Present at the Credit Suisse Basic Materials Conference
08/10/201614:07:15Statement of Changes in Beneficial Ownership (4)
07/28/201616:36:17Quarterly Report (10-q)
07/27/201616:37:44Current Report Filing (8-k)
07/27/201616:30:30O-I REPORTS SECOND QUARTER 2016 RESULTS; Earnings per share continues...
07/01/201608:22:14Amended Statement of Beneficial Ownership (sc 13d/a)
06/27/201616:48:31Annual Report of Employee Stock Plans (11-k)
06/27/201616:47:00Annual Report of Employee Stock Plans (11-k)
06/23/201616:20:31O-I Announces Second Quarter 2016 Earnings Conference Call and...

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