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Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. The company was added to the S&P 500 Index in January 2009. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000. [7]
His machines could produce glass bottles at a rate of 240 per minute, and reduce labor costs by 80%. [4] Owens and Libbey entered into a partnership and the company was renamed the Owens Bottle Company in 1919. In 1929 the company merged with the Illinois Glass Company to become the Owens-Illinois Glass Company. [5] [6]
Among new hires in late 1888 was glassblower Michael Joseph Owens, a former worker at the glass works of J. H. Hobbs, Brockunier and Company who wanted to be a foreman. [88] [Note 8] In 1892 the company changed its name to Libbey Glass Company. [87] Owens (1859–1923) received 49 patents and brought automation to the glass industry. [90]
After a Federal District Judge denied the FTC's request for an injunction, Owens-Illinois acquired Brockway's shares. [ 1 ] In 2018, the former Brockway Glass plant in Washington County, Pennsylvania (closed since the late 1980s) was awarded a $1.5 million grant from Pennsylvania’s Redevelopment Assistance Capital Program.
Jack K. Paquette (August 14, 1925 – December 5, 2014) was a historian, author, and retired vice president of Owens–Illinois.He was born in East Toledo, Ohio, and attended the Ohio State University where he earned a Bachelor of Arts degree in journalism in 1949 and a Master of Arts degree in political science in 1951.
In 1922, a Libbey-Owens sheet glass plant opened in Shreveport, Louisiana, becoming both the city's largest manufacturer and employer. This plant converted operations between 1972 and 1974 to Libbey Glass table-glassware manufacturing, which it continues today. In 1928, Libbey-Owens was the first company to produce automotive laminated safety ...
A complete Mason jar is composed of a tempered glass jar, a flat self-sealing lid, and a metal band. [20] The jars are made with either a wide mouth (3 inches (76 mm)) or regular mouth (2 + 3 ⁄ 8 inches (60 mm)) opening. They come in a variety of sizes, from 4 ounces to a gallon. The half-gallon size and larger are not recommended for canning ...
Owens began working at J. H. Hobbs, Brockunier and Company at the age of 10. [98] After joining Edward Libbey's glassworks at the age of 29, Owens revolutionized the glass bottle industry by inventing a machine that would make bottles at high speed and low cost with consistency in size and shape.
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