|
|
Article: O-I mulls sale of blow mold unit.(News)(Owens Illinois Inc.)
- Article from:
- Plastics News
- Article date:
- December 15, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Joseph Pryweller
Owens Illinois Inc. may sell or spin off its plastics blow molding business, one of the largest in North America.
The Toledo, Ohio-based company has hired advisers to conduct a strategic review of some of its blow molded plastics operations. The company is considering all potential options and cannot speculate on a time frame to reach a conclusion, said spokeswoman Sara Theis.
O-I is among the largest makers of both PET and high density polyethylene bottles in North America, serving a diverse range of food, beverage and consumer-products customers. The entire plastics business recorded sales of nearly $1.8 billion last ...