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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)
11/23/201506:37:22Current Report Filing (8-k)
11/23/201506:30:35Jan Bertsch Joins O-I as Chief Financial Officer
11/20/201506:30:28Owens-Illinois, Inc.: John Haudrich Named Chief Strategy and...
11/05/201518:53:58Statement of Changes in Beneficial Ownership (4)
10/31/201508:15:03Constellation Brands, Inc: Taking on Debt the Old-Fashioned Way
10/28/201517:16:38Quarterly Report (10-q)
10/27/201516:15:53Current Report Filing (8-k)
10/27/201516:05:30O-I REPORTS THIRD QUARTER 2015 RESULTS; Adjusted earnings in...
10/23/201509:24:34O-I donates bottles for unique whisky from historic George Washington...
10/20/201518:40:00Bottle Maker Owens-Illinois Names New CEO
10/20/201516:31:02Owens-Illinois names Lopez as CEO effective Jan. 1
10/20/201516:10:18Andres Lopez Named Chief Executive Officer of O-I
09/22/201516:37:23Amended Current Report Filing (8-k/a)
09/18/201507:15:32Current Report Filing (8-k)
09/14/201516:23:22Statement of Changes in Beneficial Ownership (4)
09/03/201517:09:49Current Report Filing (8-k)
09/01/201517:04:09O-I Completes Acquisition of Vitro's Food and Beverage Business
09/01/201517:00:45O-I culmina la Adquisición del negocio de alimentos y bebidas...
08/12/201516:45:30Current Report Filing (8-k)
08/11/201508:26:28Current Report Filing (8-k)

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