Owens-Illinois traded at $10.52 this Thursday March 26th, decreasing $0.30 or 2.77 percent since the previous trading session. Looking back, over the last four weeks, Owens-Illinois lost 21.49 percent. Over the last 12 months, its price fell by 12.55 percent. Looking ahead, we forecast Owens-Illinois to be priced at 10.50 by the end of this quarter and at 9.58 in one year, according to Trading Economics global macro models projections and analysts expectations.
O-I Glass, Inc. is a manufacturer of glass container products. The Company’s segments include the Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes and colors and is active in new product development and glass container innovation. The Company has approximately 72 glass manufacturing plants in 20 countries. The Company also provides engineering support for its glass manufacturing operations through facilities located in the United States, Poland and Peru. The Company has a distribution facility used to import glass containers from its business in Mexico.