O-I Glass, Inc.

O-I Glass, Inc., through its subsidiaries, is a leading global manufacturer of glass containers, succeeding a business established in 1903. The company operates 64 glass manufacturing plants across 18 countries and is the leading glass container manufacturer in most countries where it has facilities. It competes within the glass container segment of the rigid packaging market. Beginning in 2024, the company initiated its "Fit to Win" program, a strategic review of its global profitability and manufacturing footprint, expected to continue at least through 2026. This initiative focuses on reducing redundant production capacity, optimizing its manufacturing network, and streamlining other costs, including selling, general, and administrative expenses. As part of this review, the company has announced the idling of capacity or closing of several facilities and job eliminations. The company's vision is: "Together, we put the power of glass within reach of everyone, every day." Its strategy involves a value creation roadmap with three horizons. Horizon 1, "Fit to Win," focuses on immediately reducing the cost base to improve competitive position, enhance performance, create shareholder value, and enable future profitable growth by reshaping selling, general, and administrative expenses, enhancing organizational effectiveness, and optimizing the value chain and network to drive economies of scale. Horizon 2, "Profitable Growth," aims to leverage cost advantages to improve product mix and achieve growth by succeeding with customers in core markets and competing effectively against alternative packaging solutions like aluminum cans, with the objective of realigning its network to be the lowest cost in mainstream and the best cost in premium segments.