O-I plots $1 billion sale of Asia-Pacific glass business
, Glass InternationalO-I plots $1 billion sale of Asia-Pacific glass business
O-I is considering the AU$1 billion (US$675.1 million) sale of its Asia-Pacific container glassmaking business. It has appointed investment bank Goldman Sachs to negotiate the sale of its Asia-Pacific segment, which generated about 10% of its global sales last year.
O-I is the world largest container glassmaker. Its Asis-Pacific manufacturing operations consist of four glass manufacturing plants in Australia, two in China and one each in Indonesia and New Zealand. It also has joint venture operations in Vietnam, Malaysia and China.
In its 2018 full-year earnings it said glass container shipments in Asia-Pacific had fallen by 3% compared to the year before. O-I's Kate Hobson said: "As previously disclosed, as part of our stated goal of reducing debt and maximizing shareholder value, O-I is conducting a strategic review of its business portfolio. We cannot provide any more information at this time."
**Initial reporting came via https://www.theaustralian.com.au
, Glass International
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.
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.