O-I Glass Inc Company Profile
Glass packaging is also produced by the Company for various food items, soft drinks, and teas. Glass containers are manufactured by the Company in a variety of sizes, shapes, and colors.
O-I Glass Inc.
Manufacturing
- Establishment Year
1929
- Headquarters
The US
- Key Management
Mr. Andres A Lopez (CEO)
- Revenue (US$ Mn)
6,357 (2021)
- Headcount
~ 24,000 (2021)
- Website
Business Description
O-I Glass Inc. manufactures glass containers. The Company has two segments: Europe and the Americas. The Company makes glass containers for alcoholic beverages such as beer, flavored malt beverages, and spirits, as well wine. Glass packaging is also produced by the Company for various food items, soft drinks, and teas. Glass containers are manufactured by the Company in a variety of sizes, shapes, and colors.
The company is also active in product development and innovation in glass containers. There are approximately 72 glass production plants within the Company’s 20 countries. The Company provides engineering support to its glass manufacturing operations from facilities in the United States of America, Poland, and Peru. The company has a distribution center that imports glass containers from Mexico. The company was established in 1929. It is headquartered in Perrysburg.
Key Financials
Revenue (US$ Mn)
- O-I Glass Inc’s annual revenue for 2021 was US$ 6,357 Mn, a 4.37% increase from 2020
- The annual revenue generated by O-I Glass Inc in 2020 was US$ 6,091 Mn
- At a -2.7% decrease, O-I Glass Inc’s annual revenue of US$ 6,691 Mn was indexed in 2019
- O-I Glass Inc generated total revenue of US$ 6,877 Mn in 2018
Operating Income(US$ Mn)
- US$ 459 Mn was O-I Glass Inc’s operating income in 2021, a -0.43% decrease from 2020 figures
- O-I Glass Inc indexed a -30.15% decrease in operating incomes from 2019, amounting to US$ 461 Mn in 2020
- O-I Glass Inc generated an operating income of US$ 660 Mn in 2019
- An operating income of US$ 709 Mn was indexed by O-I Glass Inc in 2018
Net Income(US$ Mn)
- US$ 149 Mn was the net income generated by O-I Glass Inc in 2021
- O-I Glass Inc’s net income for 2020 was US$ 249 Mn, a -162.25% decrease from 2019
- From 2018’s net incomes, O-I Glass Inc registered a -255.64% decrease in 2019, amounting to US$ -400 Mn
- A net income of US$ 257 Mn was generated in 2018 by O-I Glass Inc
Operating Margin %
- O-I Glass Inc’s operating margin for 2021 was 7%, a -5.26% decrease from 2020
- The operating margin generated by O-I Glass Inc in 2020 was 8%
- At a -3.88% decrease, O-I Glass Inc’s operating margin of 10% was indexed in 2019
- O-I Glass Inc generated an operating margin of 10% in 2018
Gross Margin %
- 17% was O-I Glass Inc’s gross margin in 2021, a 7.5% increase from 2020 figures
- O-I Glass Inc indexed a -11.6% decrease in gross margins from 2019, amounting to 16% in 2020
- O-I Glass Inc generated a gross margin of 18% in 2019
- A gross margin of 19% was indexed by O-I Glass Inc in 2018
SWOT Analysis
Strengths
Market Position
Strong market positions are a sign of the company’s exceptional performance in particular areas and help it to gain new business. The company had 72 glass container manufacturing plants in 20 countries as of December 31, 2020. It also provided engineering support through its glass manufacturing operations in the US, Peru, and Poland. It also has its joint-ventures in China and the US. O-I Glass in Brazil and Venezuela is the largest manufacturer of glass containers. In South America, O-I Glass has a large infrastructure to produce refillable or returnable glass containers. O-I Glass is a French leader in the production of champagne and wine bottles.
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