The world's most famous glass bottle giant with a

2022-07-28
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Owens

a century ago, glass bottles were made by vital capacity. The craftsman uses the end of a tube to collect a drop of glass solution, puts the tube into the mold, and then blows with his mouth until he blows out the shape of a glass bottle. Cecil munse, the author of the collection of illustrated glass bottles, wrote: a shop can produce nearly 3000 glass bottles a day by employing three bottle blowers with high salaries and using three sets of cheap tools. The cost per 12 dozen (144) is 1. $80

however, since Michael J. Owens invented the giant bottle blowing machine and introduced it into commercial production in 1905, the cost fell by more than 90%, and the artificial glass bottle manufacturing industry began to fall into a permanent recession. After using the automatic bottle blowing machine, 2 workers are employed for two shifts, and 1 bottle can be produced every day without any skills. 70000 glass bottles, increased to 7 by 1912. 20000, the cost per dozen is only about 10 cents

Owens bottle machine company in those days is still the largest glassware manufacturer in the world, but today the name of the company has changed to Owens Illinois (OI) because of the merger with Illinois glass in 1929. You may think that the ancient glassware manufacturing industry has long declined, just like the Mountain Dew Mineral water in 2-liter glass bottles. However, the change of Owens' share price has proved that this is not the case. Five years ago, the share was only $9, and now it has risen to $56

however, this does not mean that glass bottles beat plastic bottles and become popular again. Although the company's management has boasted that reusable and recyclable containers are more environmentally friendly, after all, glass is made of siliceous rock (sand), while plastic is made of oil

for many purposes, epsvs Paper cups and other glassware are still the first choice. Its unique appearance makes the wine and liquid inside more elegant and beautiful; It won't taste like beer, so it's easier to keep the temperature low; In addition, people prefer glassware to plastic in preserving some things that people are paranoid about safety, such as baby food, because the chemical composition of glass is inert and has been tested for about 3000 years. The market of these products in the United States has long been mature, but its impact function is the most important trade-off in the development of South Africa, Eastern Europe and Asia. According to the region, the demand for beer and baby food is soaring rapidly. Owens seized this opportunity well. In 2004, Owens acquired a large European glass bottle manufacturer, opened a joint venture with a Russian beverage company in 2005, acquired a Chinese factory in 2006, and opened a new factory in Peru in 2007

Owens also sold its plastic business for us $1.2 billion last year. The company first set foot in plastic products in 1932. This measure enables the company to repay part of the debt with an elongation of>360%; The required density of PVDF resin for pumps, valves and pipelines for oil, gas and chemical fluid transportation is 1.75 (1) 77g/cm3, melt index 0.5 ⑵ 0g/10min, melting point 156 ⑴ 65 ℃, debt decreased from US $5.5 billion to US $3.7 billion, greatly reducing interest expenses. At the same time, in recent years, the company also offset the impact of rising raw material costs by raising prices, and focused on improving profit margin and cost efficiency rather than output. The data shows that the company's rectification of its financial situation is fruitful. Last year, the company's sales increased by 14%, of which the contribution rate of pricing was 5%; The income from continuing operations reached US $300million, turning from a slight loss in 2006 to a profit; The return on investment capital totaled 18%, 5 percentage points higher than the peak level in the past five years

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