Venezuela Expropriates Unit Of US-Based Glassmaker Owen Illinois
October 26 2010 - 12:54AM
Dow Jones News
CARACAS (AFP) -- Venezuelan President Hugo Chavez late Monday
announced the expropriation of the local affiliate of the
U.S.-based glass maker Owens-Illinois Inc. (OI), accusing it of
causing environmental damage and exploiting its workers.
The company "has had years exploiting the workers, destroying
the environment" in the western state of Trujillo, "and taking away
the money of Venezuelans," Chavez said during a government event
broadcast on radio and television.
Owens-Illinois is a leader world glass bottle maker with some
22,000 workers in 21 countries.
In South America, aside from Venezuela it also has operations in
Brazil, Colombia, Ecuador and Peru, and focuses on manufacturing
glass containers, according to the company website.
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