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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]
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.
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]
The owner of the long-vacant 650,000-square-foot Owens-Brockway glass plant in Charlotte is expected to reopen it to manufacture aluminum drink cans. $100M investment breathes new life into ...
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.
In 1929, the Owens Bottle Co. acquired the assets of Illinois Glass Co. of Alton, Illinois, and renamed itself the Owens-Illinois Glass Co., making it the largest glass company in the world. Owens-Illinois Glass Company acquired Libbey Glass Company in 1935, but spun it off as a separate company in 1993. In June 1916, the Libbey-Owens Sheet ...
Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related products. It is the world's largest manufacturer of fiberglass composites. [3] [4] It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company employs ...
Renewed support for the globes in the 1930s moved the Owens-Illinois Glass Company to introduce a new style with an electric bulb inside to illuminate the globe. [4] However, a 1935 American news article notes "rarely is a show globe ever seen in a modern druggist's emporium". [ 14 ]