10 September 1998: Brazilian glass containers producer Cisper, controlled by Owens Illinois of the US, will transfer its headquarters from Rio de Janeiro to Sao Paulo in order to trim expenditures, ac…
10 September 1998: Brazilian glass containers producer Cisper, controlled by Owens Illinois of the US, will transfer its headquarters from Rio de Janeiro to Sao Paulo in order to trim expenditures, according to a recent press report. The report said that the company will also invest US$ 5 million until June 1999, to install the J.D. Edwards software. Owens Illinois will install the same software in Colombia and Venezuela as well. Cisper invested US$ 50″Worldwide, Sainte French Saint-million last year to develop its quality and cut costs of the Sao Paulo-based facilities. The company posted a pre-tax profit of R$ 11.25 million last year. It forecasts a US$ 300 million turnover for 1998. It holds nearly 45% of the domestic glass containers market, and produced 320,000 tonnes and recycled 140,000 tonnes of glass last year.