Do not miss our special. Click here


Glass Industry News

O-I confirms strategic review of Australian and NZ glassmaking business

, Owens-Illinois/Glass International

O-I has confirmed it is conducting a strategic review of its Australian and New Zealand (ANZ) glassmaking business.

It said the review was aimed at exploring options to maximise investor value and may result in a divesture.

Last month Glass International reported that the world’s largest container glassmaker was considering selling its ANZ business for AU $1 billion ($675.1 million).

It appointed Goldman Sachs investment bank to negotiate the sale of the segment, which generated about 10% of its global sales last year.

In its latest financial report the company said: “The strategic portfolio review is aimed at exploring options to maximise investor value, focused on aligning the company’s business with demand trends, improving the company’s operating efficiency, cost structure and working capital management, while ensuring the company remains well-positioned to address its legacy liabilities.

“The review is ongoing and may result in divestitures, corporate transactions or similar actions, and could cause the company to incur restructuring, impairment, disposal or other related charges in future periods.”

, Owens-Illinois/Glass International

News material on the Site is copyright and belongs to the Company or to its third party news provider, and all rights are reserved. Any User who accesses such material may do so only for its own personal use, and the use of such material is at the sole risk of the User. Redistribution or other commercial exploitation of such news material is expressly prohibited. Where such news material is provided by a third party, each User agrees to observe and be bound by the specific terms of use applying to such news material. We do not represent or endorse the accuracy or reliability of any of the info contained in any news or external websites referred to in the news.

Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.



Info Grid

Glass studies

Updated worldwide glass study 2020

plants.glassglobal.com

Updated hollow glass study 2020

Request more information

Updated float glass study 2020

Request more information

Company Profile



Updated worldwide glass market study 2020 available now for flat, container glass and tableware

We have updated our international studies on flat glass, container glass and tableware for 2020.

This unique software provides a global overview about glass producers and technical details. Easy to use and clear tables summarize information and data about glass makers such as: Glass types: flat glass, container glass, tableware, production capacities in regions and countries, number of furnaces, furnace types, year of construction, glass types and sub-types, products, project information, special news and downloads.

Further databases supplying demoscopic data and import and export data complete the market survey. Based on these data, prepare individual country profiles with information about local production capacities, local market sizes and expected demand in the future.

Request your offer via plants.glassglobal.com.

Updated Hollow glass study 2020

X

Updated Float glass study 2020

X