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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)
DateTimeHeadline
04/15/201510:11:50Barclays Increases Owens-Illinois Price Target to $25.00 (OI)
04/13/201510:05:00Un fabricant d'emballages en verre au Québec accueille favorablement...
04/10/201514:36:32Can Owens-Illinois Find New Growth in Glass Bottles?
04/08/201509:36:42Initial Statement of Beneficial Ownership (3)
04/07/201508:00:46Suley Muratoglu Joins O-I as Chief Marketing Officer
04/02/201508:09:35Owens-Illinois, Inc. Announces Two Nominations for Board of Directors
04/02/201507:32:58Proxy Statement (definitive) (def 14a)
04/01/201516:05:43O-I ANNOUNCES FIRST QUARTER 2015 EARNINGS CONFERENCE CALL AND...
03/30/201515:01:25Statement of Changes in Beneficial Ownership (4)
03/19/201508:14:36Current Report Filing (8-k)
03/19/201508:08:39Chief Financial Officer Steve Bramlage to leave O-I; John Haudrich...
03/16/201512:28:58Statement of Changes in Beneficial Ownership (4)
03/12/201516:27:52Current Report Filing (8-k)
03/12/201508:48:17O-I prevails in international arbitration against Venezuela
03/03/201507:42:01Current Report Filing (8-k)
02/20/201516:23:19Statement of Changes in Beneficial Ownership (4)
02/18/201516:05:49O-I CFO to Present at 2015 J.P. Morgan Aviation, Transportation...
02/11/201511:53:05Amended Statement of Ownership (sc 13g/a)
02/11/201506:02:15Current Report Filing (8-k)
02/09/201506:02:54Amended Statement of Ownership (sc 13g/a)

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