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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
02/12/201616:15:18Annual Statement of Changes in Beneficial Ownership (5)
02/11/201608:46:30Amended Statement of Ownership (sc 13g/a)
02/10/201610:29:19Amended Statement of Ownership (sc 13g/a)
02/08/201616:41:22Current Report Filing (8-k)
02/08/201616:30:30O-I REPORTS FULL YEAR AND FOURTH QUARTER 2015 RESULTS; Improving...
01/28/201609:05:25O-I to Host Investor Day on March 1, 2016
01/11/201617:24:59Initial Statement of Beneficial Ownership (3)
01/11/201617:24:59Initial Statement of Beneficial Ownership (3)
01/11/201617:24:59Initial Statement of Beneficial Ownership (3)
01/06/201616:15:08O-I Announces Fourth Quarter and Full Year 2015 Earnings Conference...
12/10/201506:55:24Current Report Filing (8-k)
12/04/201508:45:28O-I CEO-Elect to Present at the Bank of America Merrill Lynch...
12/01/201516:15:29O-I VP of Investor Relations to Present at the Bank of America...
11/25/201513:56:32Statement of Changes in Beneficial Ownership (4)
11/25/201513:56:31Initial Statement of Beneficial Ownership (3)
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

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