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Owens-Illinois Sours on Tumbling U.S. Beer Industry in Third-Quarter 2014, Expects Little Improvement in 2015

Owens-Illinois Sours on Tumbling U.S. Beer Industry in Third-Quarter 2014, Expects Little Improvement in 2015

SUGAR LAND--October 30, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a solid performance in South America and generally favorable price realizations, Owens-Illinois Incorporated (NYSE:OI) (Perrysburg, Ohio), the world's largest glass container manufacturer, reported narrow declines in sales and profits in third-quarter 2014, largely due to an embattled U.S. beer industry and a weak performance in the Asia-Pacific region. Industrial Info is tracking more than $317 million in active projects involving Owens-Illinois.

Within this article: Details on the company's quarter and projects, including two major furnace overhauls in South America, where it has seen its strongest recent performance.

Other companies featured: Constellation Brands Incorporated (NYSE:STZ), Anheuser-Busch InBev (NYSE:BUD)