Banner
Filtraglass
Falorni Tech Glass Melting Technology

Owens-Illinois to report lower earnings

Owens-Illinois Inc., the US-based maker of glass and plastic bottles, issued a fourth-quarter profit warning, saying earnings excluding items will be half the year-earlier“s 24 cents a share because …

Owens-Illinois Inc., the US-based maker of glass and plastic bottles, issued a fourth-quarter profit warning, saying earnings excluding items will be half the year-earlier“s 24 cents a share because of higher energy costs and the strong dollar. Owens-Illinois shares have been battered on fears that the company might face further lawsuits over its manufacture of asbestos insulation. The firm made the insulation until 1958 and has paid more than US$ 1 billion in claims.

Sign up for free to the glassOnline.com daily newsletter

Subscribe now to our daily newsletter for full coverage of everything you need to know about the world glass industry!

We don't send spam! Read our Privacy Policy for more information.

Share this article
Related news