O-I Reports Full Year And Fourth Quarter 2010 Results

Global glass-packaging manufacturer O-I released their Q4/2010 and full year results on 27th January 2011. To read these in full, please visit: www.o-i.com - Commenting on full-year 2010 results, Chairman and Chief Executive Officer Al Stroucken said, "Our improved segment operating profit over 2009 reflected excellent profitable growth in South America and the success of our strategic footprint alignment efforts. During 2010, we acquired 10 new plants across South America and Asia Pacific, including a joint venture in Southeast Asia. We also added three new furnaces, one each in Argentina, Peru and New Zealand. Collectively, these investments expand our access to new markets and customers, and they position us well for future growth."