O-I Glass: An Outperforming Stock with More Room to Run

Glass container manufacturer O-I Glass, Inc. (OI) in Perrysburg, Ohio, sells its products to food and beverage manufacturers, primarily in America, Europe, and Asia-Pacific. The company offers glass containers for alcoholic beverages, flavored malt beverages, spirits, glass packaging for food items, soft drinks, teas, juices, and pharmaceuticals. OI’s products are available in a range of sizes, shapes, and colors, and the company actively innovates and develops new products.

OI’s branch O-I Canada received CAD3.50 million ($2.77 million) from the Canadian government’s Canada Economic Development for Quebec Regions (CED) to moderniz its plant in Montreal. The company intends to acquire digital production equipment to increase the amount of recycled glass introduced into the plant’s production line. Nicola Porrazzo, Senior Plant Manager at O-I Canada, said, “Our partnership with CED will bring transformative innovations to our glassmaking capabilities that will heighten our sustainability ambitions for generations to come.”