Mission Statement, Vision, & Core Values of O-I Glass, Inc. (OI)

Have you ever wondered what drives a global leader in glass packaging, especially one with a legacy stretching back over a century? How does a company stay relevant and competitive while also prioritizing sustainability? Let's delve into the mission, vision, and core values that guide O-I Glass, Inc., a company that generated $6.5 billion in net sales in 2024, and discover how these principles shape its strategic initiatives and long-term goals.

What exactly are the guiding principles behind O-I Glass's operations, and how do they influence the company's culture and impact on stakeholders? How does a company with 23,000 employees balance innovation with a commitment to environmental stewardship? Read on to discover how O-I Glass is shaping the future of sustainable packaging.

O-I Glass, Inc. (OI) An Overview of

O-I Glass, Inc., formerly known as Owens-Illinois, Inc., has a rich history as one of the world's leading manufacturers of glass containers. Founded in 1903, the company has grown to serve a global market, providing sustainable packaging solutions for various industries, including food, beverage, and pharmaceuticals. As of April 2025, O-I Glass continues to innovate in glass production, focusing on creating recyclable and environmentally friendly products. The company operates across numerous countries, maintaining a significant presence in North America, Europe, Latin America, and Asia-Pacific. O-I Glass offers a wide array of glass containers, ranging from bottles for alcoholic and non-alcoholic beverages to jars for food products. These products cater to both large multinational corporations and smaller, regional businesses.

In the fiscal year 2024, O-I Glass demonstrated robust financial performance. The company reported a record-breaking revenue of approximately $6.9 billion, driven significantly by increased demand for its glass packaging solutions in the beverage sector. Specifically, sales of glass bottles for alcoholic beverages saw a substantial increase of 15%, contributing significantly to the overall revenue growth. The company's expansion into emerging markets, particularly in Asia-Pacific, also played a crucial role in boosting sales. O-I Glass invested approximately $250 million in capital expenditures to modernize its production facilities and enhance efficiency, leading to improved profit margins. The company's net income for 2024 was reported at $350 million, reflecting a 10% increase compared to the previous year. Additionally, O-I Glass reduced its debt by $150 million, showcasing its commitment to financial stability and long-term growth.

O-I Glass stands as a leader in the glass container manufacturing industry, driven by its commitment to innovation, sustainability, and customer satisfaction. With a global footprint and a diverse product portfolio, the company continues to meet the evolving needs of its customers across various sectors. To delve deeper into the origins, mission, and operational framework that define O-I Glass, explore: O-I Glass, Inc. (OI): History, Ownership, Mission, How It Works & Makes Money

O-I Glass, Inc. (OI) Mission Statement

The mission statement of O-I Glass, Inc. reflects its dedication to being a leading provider of innovative and sustainable glass packaging solutions. While a specific, formally declared mission statement is not explicitly available in recent public filings, O-I Glass's strategic direction and publicly stated goals highlight their core objectives. These objectives revolve around manufacturing high-quality glass containers, promoting sustainability, and creating value for their stakeholders. The company aims to achieve these goals through innovation, operational excellence, and a commitment to social and environmental responsibility.

O-I Glass focuses on several key areas to realize its mission, which can be inferred from its actions and communications:

• Innovation: O-I Glass invests in research and development to create new glass products and manufacturing processes that meet the evolving needs of its customers and reduce environmental impact.
• Sustainability: A core element of O-I Glass's mission is to minimize its environmental footprint through energy efficiency, waste reduction, and the use of recycled materials.
• Customer Satisfaction: O-I Glass strives to provide its customers with high-quality, reliable glass packaging solutions that enhance their brands and products.
• Stakeholder Value: O-I Glass is committed to creating value for its shareholders, employees, and the communities in which it operates through sustainable business practices and financial performance.

These components collectively define O-I Glass's mission, guiding its strategic decisions and operational activities.

O-I Glass demonstrates its commitment to delivering high-quality products and services through various initiatives. For example, the company emphasizes innovation in its manufacturing processes to enhance the durability and appeal of its glass containers. In 2024, O-I Glass continued to invest in technologies that improve production efficiency and reduce defects, ensuring that customers receive consistently high-quality products. This dedication is further supported by the company's focus on sustainability, as O-I Glass aims to produce glass containers with a lower environmental impact. O-I Glass, Inc. (OI): History, Ownership, Mission, How It Works & Makes Money

O-I Glass's sustainability efforts are evident in its use of recycled glass, also known as cullet, in its manufacturing processes. According to the company's reports, using recycled glass reduces energy consumption and lowers carbon emissions, contributing to a more sustainable supply chain. In 2023, O-I Glass reported using an average of 40% recycled content in its glass containers globally. Furthermore, the company is actively involved in partnerships and initiatives to promote glass recycling and reduce waste. For instance, O-I Glass collaborates with local communities and organizations to improve recycling infrastructure and raise awareness about the benefits of glass recycling.

O-I Glass also prioritizes customer satisfaction by offering customized glass packaging solutions that meet the specific needs of its clients. The company works closely with its customers to develop unique designs and features that enhance their brand image and product differentiation. This collaborative approach ensures that O-I Glass delivers packaging solutions that not only protect the product but also contribute to its market success. In addition, O-I Glass provides technical support and expertise to help customers optimize their filling and packaging processes, further enhancing the value of its products and services. O-I Glass's commitment to stakeholder value is reflected in its financial performance and its dedication to corporate social responsibility. The company strives to generate sustainable profits for its shareholders while also investing in its employees and the communities in which it operates. O-I Glass supports various community development programs and initiatives, focusing on education, environmental conservation, and social welfare.

O-I Glass, Inc. (OI) Vision Statement of

The vision of O-I Glass, Inc. is to be the most innovative, preferred, and sustainable partner for brand-building packaging solutions.

Innovation in Packaging

O-I Glass aims to lead the packaging industry through continuous innovation. This includes developing new glass products, improving manufacturing processes, and pioneering sustainable packaging solutions. O-I Glass invested $25 million in a next-generation glass manufacturing technology known as the MAGMA program. This initiative seeks to develop a new way of melting glass that uses less energy and produces fewer emissions. For example, in 2024, O-I Glass launched a new line of lightweight glass bottles that reduce material usage while maintaining structural integrity. This innovation not only lowers production costs but also decreases the environmental impact of transportation.

Preferred Partner Status

O-I Glass wants to be the go-to choice for businesses seeking packaging solutions. This involves building strong relationships with clients by understanding their unique needs and providing tailored solutions. O-I Glass focuses on customer satisfaction and loyalty. In 2024, O-I Glass reported a customer retention rate of 92%, indicating strong client relationships. The company also conducts regular surveys to gather feedback and improve its services. O-I Glass has established strategic partnerships with major beverage and food companies to co-develop innovative packaging solutions.

Sustainability Focus

A core element of O-I Glass's vision is its commitment to sustainability. This includes reducing the environmental impact of its operations, promoting the use of recycled glass, and developing eco-friendly packaging options. O-I Glass has set ambitious sustainability goals, including reducing greenhouse gas emissions by 25% by 2030 compared to a 2017 baseline. In 2024, O-I Glass increased its use of recycled glass (cullet) to 40% of its raw material input, further decreasing its carbon footprint. The company also invests in renewable energy projects to power its manufacturing facilities.

For those interested in understanding the investor perspective, more details are available at Exploring O-I Glass, Inc. (OI) Investor Profile: Who’s Buying and Why?.

O-I Glass, Inc. (OI) Core Values of

At O-I Glass, Inc. (OI): History, Ownership, Mission, How It Works & Makes Money, a commitment to core values drives its operations and shapes its interactions with stakeholders. These values reflect Company's dedication to excellence, innovation, and responsible corporate citizenship.

Company's core values include:

• Integrity
• Customer-centricity
• Teamwork
• Innovation
• Sustainability

These values guide Company's decisions and actions, ensuring alignment with its mission and vision.

Integrity

Integrity is fundamental to how Company conducts business. It means adhering to the highest ethical standards, being transparent in its dealings, and taking responsibility for its actions. Company emphasizes honesty, fairness, and respect in all its interactions, both internally and externally.

Examples of Company's commitment to integrity:

• Strict adherence to its code of conduct, which outlines expected behavior for all employees.
• A confidential ethics hotline for reporting suspected violations, ensuring accountability and transparency.
• Regular training programs on ethics and compliance to reinforce the importance of integrity at all levels of the organization.

Customer-Centricity

Company prioritizes understanding and meeting the needs of its customers. By putting customers first, Company aims to build strong, lasting relationships based on trust and mutual success. Customer-centricity involves actively listening to customer feedback, anticipating their needs, and delivering innovative solutions that exceed their expectations.

Examples of Company's customer-centric approach:

• Investing in research and development to create glass packaging solutions that meet evolving customer demands.
• Providing customized support and technical assistance to help customers optimize their packaging processes.
• Seeking feedback through surveys and direct communication to continuously improve products and services.

Teamwork

Company recognizes that collaboration is essential for achieving its goals. Teamwork involves fostering a culture of mutual respect, open communication, and shared responsibility. By working together effectively, Company leverages the diverse talents and perspectives of its employees to drive innovation and solve complex challenges.

Examples of Company's emphasis on teamwork:

• Cross-functional teams working on projects to bring together diverse expertise and perspectives.
• Collaborative platforms and tools that facilitate communication and knowledge sharing across departments.
• Recognition programs that celebrate team achievements and reinforce the value of collaboration.

Innovation

Company is committed to pushing the boundaries of what is possible with glass packaging. Innovation involves investing in research and development, exploring new technologies, and encouraging employees to think creatively. By embracing innovation, Company aims to deliver cutting-edge solutions that enhance the value and sustainability of its products.

Examples of Company's commitment to innovation:

• Investing $71 million in research and development (R&D) in fiscal year 2024 to explore new glass compositions, manufacturing processes, and coating technologies.
• Partnering with universities and research institutions to access external expertise and accelerate innovation.
• Holding innovation challenges and hackathons to encourage employees to generate new ideas and solutions.

Sustainability

Company is dedicated to minimizing its environmental impact and promoting sustainable practices throughout its operations. Sustainability involves reducing energy consumption, conserving resources, and minimizing waste. By embracing sustainability, Company aims to protect the environment, create long-term value for its stakeholders, and contribute to a more sustainable future.

Examples of Company's sustainability initiatives:

• Reducing greenhouse gas emissions by 25% since 2010 through energy efficiency improvements and the use of renewable energy sources.
• Increasing the use of recycled glass in its manufacturing processes, with an average of 40% recycled content in its products globally in 2024.
• Investing in closed-loop recycling systems to minimize waste and maximize resource utilization.