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Owens-Illinois Inc
O-I Glass, Inc. is an American company that specializes in container glass products. It is one of the world's leading manufacturers of packaging products, holding the position of largest manufacturer of glass containers in North America, South America, Asia-Pacific and Europe (after acquiring BSN Glasspack in 2004). Approximately one of every two glass containers made worldwide is made by O-I, its affiliates, or its licensees. Company While legally known as Owens-Illinois, Inc., the company changed its trade name to O-I in 2005 to group its global operations under a single, cross-language and cross-culture brand name. The company's headquarters were previously located in One SeaGate, Toledo, Ohio, a local landmark. The headquarters were moved in late 2006 to the Levis Commons complex in Perrysburg, Ohio. The company is the successor to the Owens Bottle Company founded in 1903 by Michael Joseph Owens, who made the first automated bottle-making machine, and Edward Drummo ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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Owens Corning
Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related materials and products. It is the world's largest manufacturer of fiberglass composites. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company employs approximately 19,000 people around the world. Owens Corning has been a Fortune 500 company every year since the list was created in 1955. The Pink Panther acts as the company's mascot and appears in most of their advertisements. History 1935–1980 controversy Owens-Corning Fiberglass Company was formed in 1935 through the merger of Owens-Illinois and Corning Glass Works. It became a separate company in 1938 with its headquarters established in Toledo, Ohio. In 1938, the company sales reached $2.6 million. The company held its initial public offering on the New York Stock Exchange in 1952. In 1955, Owens-Corning purchased lan ...
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Asbestos
Asbestos () is a naturally occurring fibrous silicate mineral. There are six types, all of which are composed of long and thin fibrous crystals, each fibre being composed of many microscopic "fibrils" that can be released into the atmosphere by abrasion and other processes. Inhalation of asbestos fibres can lead to various dangerous lung conditions, including mesothelioma, asbestosis, and lung cancer, so it is now notorious as a serious health and safety hazard. Archaeological studies have found evidence of asbestos being used as far back as the Stone Age to strengthen ceramic pots, but large-scale mining began at the end of the 19th century when manufacturers and builders began using asbestos for its desirable physical properties. Asbestos is an excellent electrical insulator and is highly fire-resistant, so for much of the 20th century it was very commonly used across the world as a building material, until its adverse effects on human health were more widely acknowledg ...
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Pittston
Pittston is a city in Luzerne County, Pennsylvania, United States. It is situated between Scranton and Wilkes-Barre in Northeastern Pennsylvania. The city gained prominence in the late 19th and early 20th centuries as an active anthracite coal mining city, drawing a large portion of its labor force from European immigrants. The population was 7,739 as of the 2010 census, making it the fourth largest city in Luzerne County. At its peak in 1920, the population of Pittston was 18,497. The city consists of three sections: The Downtown (in the center of the city), the Oregon Section (in the southern end), and the Junction (in the northern end). Pittston City is at the heart of the Greater Pittston region (a 65.35 square mile region in Luzerne County). Greater Pittston has a total population of 48,020 (as of 2010). Pittston is north of Allentown and northwest of New York City. History Establishment Pittston lies in the Wyoming Valley on the east side of the Susquehanna Ri ...
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Columbus, Ohio
Columbus () is the state capital and the most populous city in the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest, after Chicago, and the third-most populous state capital. Columbus is the county seat of Franklin County; it also extends into Delaware and Fairfield counties. It is the core city of the Columbus metropolitan area, which encompasses 10 counties in central Ohio. The metropolitan area had a population of 2,138,926 in 2020, making it the largest entirely in Ohio and 32nd-largest in the U.S. Columbus originated as numerous Native American settlements on the banks of the Scioto River. Franklinton, now a city neighborhood, was the first European settlement, laid out in 1797. The city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and laid out to become the state capital. The city was named for Italian explorer Christopher Colu ...
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Television
Television, sometimes shortened to TV, is a telecommunication medium for transmitting moving images and sound. The term can refer to a television set, or the medium of television transmission. Television is a mass medium for advertising, entertainment, news, and sports. Television became available in crude experimental forms in the late 1920s, but only after several years of further development was the new technology marketed to consumers. After World War II, an improved form of black-and-white television broadcasting became popular in the United Kingdom and the United States, and television sets became commonplace in homes, businesses, and institutions. During the 1950s, television was the primary medium for influencing public opinion.Diggs-Brown, Barbara (2011''Strategic Public Relations: Audience Focused Practice''p. 48 In the mid-1960s, color broadcasting was introduced in the U.S. and most other developed countries. The availability of various types of archival st ...
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Nippon Electric Glass
, also known as NEG, is a Japanese glass manufacturer. The company is a manufacturer of glass for flat panel displays (FPD). It has about 20% share in the world's production of glass for liquid crystal displays (LCD). The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 stock index. History *1944: Established with investment from NEC Corporation and other companies. *1949: Separated from NEC, and Nippon Electric Glass was founded as an independent company. *1951: Successfully began use of the Danner process to form glass tubing automatically; initiated mass production. *1956: Started continuous production of glass tubing using a tank furnace. *1965: Started production of black-and-white CRT glass. *1968: Started production of color CRT glass. *1973: Company stock listed on the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE) (Second Section). *1974: Started production of thin sheet glass for LCDs. *1983: Company stock transfe ...
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Vitro
Vitro is the largest glass producer in Mexico and one of the world's largest organizations in the glass industry. Founded in 1909 in Monterrey, Mexico, this corporation has 30 subsidiaries in Mexico, United States, Brazil, Colombia, Bolivia, Costa Rica, Guatemala and Panama. Its companies produce, distribute, and market a wide range of glass articles, which are part of the daily life of millions of people in 34 countries in the Americas, Europe and Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are .... It was founded by Roberto Sada Muguerza in 1909. It is one of the world's largest glass producers. In 2015 it sold its part of glass bottles to Owens Illinois for $2.15 billion. Vitro now focuses on producing flat glass. References {{Reflist Companies based in Mexico City ...
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Hugo Chávez
Hugo Rafael Chávez Frías (; 28 July 1954 – 5 March 2013) was a Venezuelan politician who was president of Venezuela from 1999 until his death in 2013, except for a brief period in 2002. Chávez was also leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when it merged with several other parties to form the United Socialist Party of Venezuela (PSUV), which he led until 2012. Born into a middle-class family in Sabaneta, Barinas, Chávez became a career military officer and, after becoming dissatisfied with the Venezuelan political system based on the Puntofijo Pact, he founded the clandestine Revolutionary Bolivarian Movement-200 (MBR-200) in the early 1980s. Chávez led the MBR-200 in its unsuccessful coup d'état against the Democratic Action government of President Carlos Andrés Pérez in 1992, for which he was imprisoned. Pardoned from prison two years later, he founded the Fifth Republic Movement political party, an ...
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Expropriation
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former own ...
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Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. , the firm had completed more than 650 private equity investments in portfolio companies with approximately $675 billion of total enterprise value. , assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2 ...
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S&P 500
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of December 31, 2020, more than $5.4 trillion was invested in assets tied to the performance of the index. The S&P 500 index is a free-float weighted/ capitalization-weighted index. As of August 31, 2022, the nine largest companies on the list of S&P 500 companies accounted for 27.8% of the market capitalization of the index and were, in order of highest to lowest weighting: Apple, Microsoft, Alphabet (including both class A & C shares), Amazon.com, Tesla, Berkshire Hathaway, UnitedHealth Group, Johnson & Johnson and ExxonMobil. The components that have increased their dividends in 25 consecutive years are known as the S&P 500 Dividend Aristocrats. The index is one of the factors in computation of the Conference Board Leading Economic I ...
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