The historic glass bottle giant Owens
But since Michael J. Owens invented the giant blow molding machine in 1905 and introduced commercial production, the cost has plummeted by more than 90%, and the artificial glass bottle manufacturing industry has begun to fall into a permanent recession. After using the automatic blow molding machine, two workers were hired to work in two shifts. Without any skill, they could produce 17,000 glass bottles every day. By 1912, they even raised the number to 72,000. The cost per 12 dozens was only around one cent. .
The Owens Bottle Machine Company was still the largest glassware manufacturer in the world today, but today the name of the company became Owens-Illinois (OI) due to the merger of Illinois Glass in 1929. You may think that the old glassware manufacturing industry has already declined, and it is just like the 2 liter glass bottled Mountain Dew mineral water. However, the change in the stock price of Owens proves that this is not the case. The stock was only $9 five years ago and it has now risen to $56.
However, this does not mean that glass bottles beat plastic The bottle, once again, became popular even though the company's management boasted that reusable, recyclable containers were more environmentally friendly. After all, glass was made from siliceous rock (sand), and plastic was made from oil.
For many purposes, glassware is still the first choice for people. Its unique appearance makes wine and liquids more elegant and aesthetically pleasing; it does not savor scent with beer, and it is easier to keep it cool; in addition, people prefer to store things that are paranoid about safety, such as baby food. Glassware instead of plastic, because the chemical composition of the glass is inert, and in the product test has been about 3,000 years of history. The market for these products in the US has long since matured, but in developing regions such as South Africa, Eastern Europe and Asia, the demand for beer and baby food is soaring. Owens took this opportunity very well. In 2004, he bought a large glass bottle manufacturer in Europe. In 2005, he started a joint venture with a Russian beverage company. In 2006, he bought a factory in China. In 2007, he opened a new one in Peru. A factory.
Last year, Owens also sold its plastics business for $1.2 billion. The company was first involved in plastic products in 1932. This move enabled the company to be able to repay part of its debt, reducing its debt from $5.5 billion to $3.7 billion, significantly reducing interest expenses. At the same time, in recent years, the company has also increased the price of raw materials to offset the impact of rising raw material costs, and focused its efforts on improving profitability and cost efficiency rather than on output. The data shows that the company's reorganization of the financial status was effective. Last year, the company’s sales increased by 14%, of which the contribution rate in pricing was 5 percentage points; the continuing operating income reached 300 million US dollars, from a slight loss in 2006 to profit; the return on investment capital totaled 18%, compared with the past 5 The peak level of the year is still 5 percentage points higher.
Reproduced please specify: Chinese bottle net
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