Long String Of Lucky Events Boosted Toledo's Standing In Glass Industry

We already know it's going to happen, but it will be a shock anyway. Within the next couple of weeks, Fortune magazine will release its latest Fortune 500 list, and there it will be for us to see: Owens-Illinois Inc., based in Perrysburg.

For the first time since Fortune started the list in 1955, O-I is headquartered somewhere other than Toledo. In fact, for the first time in the glass-container company's history its headquarters is outside the Glass City.

Another fine old glass-industry name, Libbey-Owens-Ford Co., is pretty much relegated to the history books. L-O-F became a foreign-owned firm 22 years ago, and last year Pilkington PLC sold its stake to Japan's Nippon Sheet Glass Co.

So, what is left of Toledo's legacy as "glass capital" of the United States, and perhaps the world? Plenty, including the headquarters of two public companies, Owens Corning, a Fortune 500 maker of insulation and roofing, and Libbey Inc., a leading maker of glass tableware.

Add O-I, the world's largest glass-container manufacturer and still in the area, and you have firms with annual revenue of $15 billion and 54,000 global employees.

And the glass industry employs more than 5,000 in the Toledo area.

Read the entire news on the source link below.

600450 Long String Of Lucky Events Boosted Toledo's Standing In Glass Industry glassonweb.com
Date: 4 April 2007
Source: Toledoblade.com

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