O-I confirms strategic review of Australian and NZ glassmaking business
, Owens-Illinois/Glass InternationalO-I has confirmed it is conducting a strategic review of its Australian and New Zealand (ANZ) glassmaking business.
O-I has confirmed it is conducting a strategic review of its Australian and New Zealand (ANZ) glassmaking business.
It said the review was aimed at exploring options to maximise investor value and may result in a divesture.
Last month Glass International reported that the world’s largest container glassmaker was considering selling its ANZ business for AU $1 billion ($675.1 million).
It appointed Goldman Sachs investment bank to negotiate the sale of the segment, which generated about 10% of its global sales last year.
In its latest financial report the company said: “The strategic portfolio review is aimed at exploring options to maximise investor value, focused on aligning the company’s business with demand trends, improving the company’s operating efficiency, cost structure and working capital management, while ensuring the company remains well-positioned to address its legacy liabilities.
“The review is ongoing and may result in divestitures, corporate transactions or similar actions, and could cause the company to incur restructuring, impairment, disposal or other related charges in future periods.”
Notícias sobre o material do site é copyright e pertence à empresa ou ao seu fornecedor de terceiros notícia, e todos os direitos reservados. Qualquer usuário que acessa esse material poderá fazê-lo apenas para seu próprio uso pessoal, bem como a utilização desse material é de risco exclusivo do Utilizador. A redistribuição ou exploração comercial de material tal notícia é expressamente proibida. Se tal notícia material é fornecido por um terceiro, cada utilizador concorda em observar e estar vinculado aos termos específicos de utilização aplicáveis a material notícia. Nós não representamos nem endossamos a precisão ou confiabilidade de qualquer informação contida em qualquer notícia ou sites externos referidos na notícia.
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.
Updated worldwide glass market study 2021 available now for flat, container glass and tableware
We have updated our international
studies on flat glass, container glass and tableware for 2021.
This unique software provides a global overview about glass producers and
technical details. Easy to use and clear tables summarize information
and data about glass makers such as:
Glass types: flat glass, container glass, tableware,
production capacities in regions and countries,
number of furnaces, furnace types, year of construction,
glass types and sub-types, products,
project information, special news and downloads.
Further databases supplying demoscopic data and import and export data
complete the market survey. Based on these data, prepare individual
country profiles with information about local production capacities,
local market sizes and expected demand in the future.