NYSE:OIPackaging
O I Glass (OI) Invests In Muskogee Upgrade On A Fair Value Debate
O-I Glass (OI) has announced an investment to upgrade the furnace and manufacturing equipment at its Muskogee, Oklahoma, plant, supported by a $2 million award from the Oklahoma Department of Commerce.
For investors, this investment comes after a tough stretch for O-I Glass, with the share price down 53.7% year to date and the 1-year total shareholder return falling 45.2%. The 3-year total shareholder return has declined 63.9%, suggesting sentiment has weakened despite recent operational...