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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
05/29/201508:31:08Sergio Galindo Named President of O-I North America and Tim Connors...
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201514:30:20Statement of Changes in Beneficial Ownership (4)
05/15/201514:30:20Statement of Changes in Beneficial Ownership (4)
05/15/201514:30:20Statement of Changes in Beneficial Ownership (4)
05/15/201514:30:20Statement of Changes in Beneficial Ownership (4)
05/15/201514:30:20Statement of Changes in Beneficial Ownership (4)
05/15/201514:30:20Statement of Changes in Beneficial Ownership (4)
05/15/201514:29:52Statement of Changes in Beneficial Ownership (4)
05/15/201514:29:52Statement of Changes in Beneficial Ownership (4)
05/15/201514:29:52Statement of Changes in Beneficial Ownership (4)
05/15/201514:29:52Statement of Changes in Beneficial Ownership (4)
05/15/201514:29:52Statement of Changes in Beneficial Ownership (4)
05/14/201516:42:56Current Report Filing (8-k)
05/13/201517:25:24Amended Current Report Filing (8-k/a)
05/13/201513:00:02Initial Statement of Beneficial Ownership (3)
05/13/201513:00:02Initial Statement of Beneficial Ownership (3)
05/13/201512:20:29Why Owens-Illinois Inc's Shares Popped 11% Today
05/13/201508:10:15Owens-Illinois to Buy Mexican Glass Container Business
05/13/201507:32:10Current Report Filing (8-k)

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