O-I said recently business is slowly improving as it navigates the corona virus pandemic. The world's largest container glass manufacturer gave an update on its second quarter financial performance. While quarterly shipments were down in mid-May, volumes have gradually increased since, said CEO Andres Lopez. "As expected, the second quarter has been negatively impacted by temporarily lower shipment levels and production curtailment as we balance supply with demand and comply with governmental health decrees in certain markets." said Mr Lopez. Globally, its daily shipment in tonnes fell 18% in the quarter compared to last year, primarily due to the pandemic. Sales volume trends improved from mid-May as markets gradually reopened, while Mexico and S America markets have just begun to reopen. Full year 2020 sales volumes are predicted to fall 5-10% compared to last year.
