Ceramic Industry

Venezuelan Government to Begin Transitioning Management of O-I Operations

November 1, 2010

In a recent meeting with the Venezuelan ministry of Science and Technology in Caracas, Owens-Illinois Inc. (O-I) learned that the government plans to transition management of the company’s operations to government control. Government officials were expected to arrive at O-I’s plants in Los Guayos and Valera on October 28 to begin the transition process. At this time, no agreement has been reached between the government and the company.

“Although we have not reached an agreement with the government, we will comply with the laws and directives we have been given,” said Al Stroucken, chairman and CEO. “The safety and well-being of our employees is of the utmost importance to us. Glassmaking is a highly specialized, complex and technical industry, and we are concerned by government plans to manage the operations without having the appropriate level of expertise. We also are concerned about the continuity of supply to customers in critical segments like food and beverage.”

O-I is fully cooperating with the Venezuelan government throughout the transition and remains committed to complying with all laws and regulations, including environmental and safety rules.

For additional details, visit www.o-i.com.