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Company profits soared in the late 1990s during the dot-com boom, and Corning expanded its fiber operations significantly through the acquisition of telecommunications company Oak Industries [21] and building several new plants. The company also entered the photonics market, investing heavily with the intent of becoming the leading provider of ...
Libbey-Owens-Ford Company (LOF) was a producer of flat glass for the automotive and building products industries both for original equipment manufacturers and for replacement use. The company's headquarters and main factories were located in Toledo, Ohio , with large float glass plants in Rossford , Ohio , Laurinburg , North Carolina , Ottawa ...
In 1985, Owens-Corning acquired Aerospace and Strategic Metals Group in Newport Beach, California for $415 million from Armco Inc. [16] [17] The color PINK was trademarked through Owens-Corning in 1986, making it the first company to trademark a color. By 1990, Owens-Corning was the defendant in about 84,500 asbestos-related lawsuits.
Corning Inc. has conducted multiple layoffs in 2024. In February, the company said it would eliminate 107 jobs, or about 20% of the workforce, at the Erwin Plant on Addison Road in Painted Post ...
Weeks joined Corning 132 years into the company’s 173-year history. Founded in 1851 by a merchant named Amory Houghton Sr., it began as the Bay State Glass Co., a small company in Massachusetts.
Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. The company was added to the S&P 500 Index in January 2009. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000. [7]