Hints and tips:
...However, wine bottles are getting lighter to reduce shipping and distribution costs. In the UK, weights have dropped at least a fifth to 450 grammes in recent years, says trade group British Glass....
...funding (FT) When going gets tough, hedge fund traders get better, study says (BBG) Ferguson risks shareholder rift with talk of US move (FT + Lex) Glass maker Owens-Illinois rebuffed Blackstone offer...
...But Erik Bouts, who heads the European business of Owens-Illinois, which makes containers for the drinks and food industry such as Dutch brewer Heineken, insists the opposite is true: that glass has now...
...The Verallia deal will make it the number two glass container maker (for wine, food and beverages) in the US, behind Owens-Illinois....
...Peoria, Illinois, whose clients include Caterpillar and Honeywell....
...Owens-Illinois , the glass packaging manufacturer, was another high riser, up 4.4 per cent on Friday to $20.21, a 7.6 per cent gain over the week, after an analyst at Goldman Sachs upgraded the stock from...
...Owens Illinois , the glass bottle manufacturer, was the best performer in the S&P 500 with its shares up8.9 per cent to $18.78....
...Owens-Illinois , one of the world’s largest manufacturers of glass bottles, climbed 4.4 per cent to $23.68. Fertiliser maker CF Industries gained 4 per cent to $183.22....
...The business, acquired as part of its $1.57bn acquisition of US-based O-I Plastic Products in 2007 from Owens-Illinois, will lead to the proportion of turnover generated by Rexam’s metal cans business rising...
...SABMiller recently set up centralised systems that give it more clout in buying raw materials such as glass – previously, negotiations were carried out with the same glass supplier, Owens-Illinois, but at...
...Yet Al Stroucken, chief executive of Owens-Illinois, insists that glass can re-establish its environmental and functional credentials as well as its marketing clout....
...Owens-Illinois , a maker of glass containers, rose 4.1 per cent to $27.23 a share....
...Mr Sullivan was also keen to point out that selling to Caterpillar would bring together two large US manufacturers – based in the neighbouring states of Illinois and Wisconsin – to create a powerful North...
...“We believe Rexam will be reshaped somewhat over the next few years and will emerge as a stronger company,” RBS analyst Sandy Morris said....
...As the company stressed on Sunday, its covenant headroom remains comfortable, with net debt to earnings before interest, tax, depreciation and amortisation at 2.6 times at the half year and well below the...
...Net debt at the company, which two years ago paid $1.6bn to acquire O-I Plastics, a unit of US company Owens-Illinois, stood at £2.7bn at the end of March....
...rise from Hawaii to Harvard to the Illinois state legislature and, finally, the White House....
...Rexam, which is expanding one plant in Russia and building another, sees Russia as a prime market with beverage can use growing by 8 per cent to 10 per cent a year....
...In recent months the company has sold off its glass business for €660m (£445m), while stepping up its presence in plastic packaging with the $1.6bn (£791m) acquisition of O-I Plastics in the US....
...The move strengthens Rexam’s position as Europe’s biggest maker of beverage cans and is part of its strategy of building its presence in emerging markets....
...The company’s origins lie in a paper agent established in London in 1881. In 1920 Bowater moved into newsprint and by the 1950s it was diversifying into packaging and tissues....
...In a quiet weekend for deals, Owens-Illinois agreed to sell its plastics business to Rexam for $1.83bn. Owens fell 1.9 per cent to $32.65....
...Credit Suisse acted as financial adviser to Rexam, while Goldman Sachs advised Owens-Illinois....
...Rexam, down 2.8 per cent to 511½p, was the FTSE’s biggest faller as the world’s leading can maker confirmed it was in talks to buy the plastics business of Owens Illinois, the US packaging producer....
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