O-I Partners with University of Toledo to Advance R&D

Owens-Illinois Inc. announces that it has signed a three-year agreement with the University of Toledo College of Engineering, Chemical & Environmental Engineering Department, to support research at O-I's new R&D Innovation Center.

Scheduled to be completed by the fall of 2013, the R&D Innovation Center will produce sample glass containers using new manufacturing technologies and product designs being tested by the company."We are excited about the opportunity to use UT's state-of-the-art equipment to help us advance our understanding of basic principles," said Dr. Kimberly Houchens, vice president of R&D for O-I. "Our scientists will benefit from the help of UT graduate students, who will leverage the university's extensive laboratory capabilities."

UT's College of Engineering, Chemical & Environmental Engineering Department has considerable experience developing and characterizing other types of sustainable materials. "This partnership with O-I will give us an opportunity to expand our efforts and add glass to our materials experience, giving our students new opportunities to learn and grow," said Dr. Maria Coleman, professor and co-director of UT's Institute for Sustainable Engineering Materials.

The agreement covers salary and fees for graduate research assistants to partner with O-I scientists and engineers. The budget also covers the purchase of newly available equipment specific to characterize glass, and fees to use UT's existing equipment, including x-ray diffraction and scanning electron microscopy instruments.

About O-I

Owens-Illinois, Inc. (NYSE: OI) is the world's largest glass container manufacturer and preferred partner for many of the world's leading food and beverage brands. With revenues of $7.0 billion in 2012, the Company is headquartered in Perrysburg, Ohio, USA, and employs approximately 22,500 people at 79 plants in 21 countries. O-I delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. O-I's Glass Is Life(TM) movement promotes the widespread benefits of glass packaging in key markets around the globe. For more information, visit www.o-i.com or www.glassislife.com.

600450 O-I Partners with University of Toledo to Advance R&D glassonweb.com
Date: 25 February 2013
Source: Owens-Illinois Inc.

See more news about:

See more from these topics:

Others also read

Owens-Illinois, Inc. (NYSE: OI), announced today the election of Andres A. Lopez and Joseph J. DeAngelo to its Board of Directors.  
Owens-Illinois (NYSE: OI) announced today the appointment of John Haudrich as Senior Vice President and Chief Strategy and Integration Officer, effective immediately.
Owens-Illinois, Inc. (NYSE: OI) today announced that it has completed the acquisition of the Vitro food and beverage glass container business from Vitro, S.
As part of the joint venture Elme Messer Gaas, Messer, the largest privately owned industrial gases specialist and the second shareholder, the BLRT Grupp, one of the biggest industrial holdings in the Baltic States, have invested around five million euros in a new oxygen production plant in Järvakandi, Estonia.  The facility is on the site of customer Owens-Illinois, Inc., the world's leading manufacturer of container glass.
Owens-Illinois, Inc. (NYSE: OI) today reported financial results for the second quarter ending June 30, 2015.  Second quarter 2015 earnings from continuing operations attributable to the Company were $0.26 per share (diluted).
Vitro, S.A.B. de C.V. (BMV: VITROA), leading glass manufacturer in Mexico, announced that on an Ordinary Shareholders Meeting held today, the Company’s shareholders approved Owens-Illinois, Inc’s. (NYSE: OI) US$2.15 billion offer to acquire 100% of Vitro’s Food and Beverages Glass Containers business assets.   Included in the transaction are five Food and Beverages Glass Container manufacturing plants located in Mexico, the operations in Bolivia and the distribution of such products in the United States.  The value of the offer is on a cash and debt free basis.Not included in this transaction are the assets associated with Vitro’s Cosmetics, Fragrances and Toiletries (“CFT”) segment, the Flat Glass Division (which includes Automotive Glass business and Float Glass for the Construction Market), its equity participation in the Comegua joint venture, in Central America, as well as well as the Company’s Chemical and Machinery and Equipment businesses, with estimated pro forma 2015 consolidated sales of $865 million and EBITDA of $165 million considering the divestiture would have occurred on January first 2015.“We are grateful for the support of our shareholders as we achieve another milestone in our goal to further increase the value of Vitro,” said Adrián Sada Gonzalez, Vitro’s Chairman of the Board. “We look forward to completing the transaction with Owens Illinois, a company that we admire and a leader in the Food and Beverage Glass Containers industry.”Adrián Sada Cueva, CEO of Vitro, commented: "This transaction will further strengthen our Company both operationally and financially.”“Over the past five years we have established a culture of cost controls and increased productivity across the organization while consistently providing high quality products and services to our customers, which have enabled Vitro to achieve CAGR growth of 5.7% in EBITDA between 2009 and 2014.

Add new comment