Venezuela’s State-Run Glass Company is Struggling

Venvidrio, Venezuela’s state-run glass company that will operate the former Guardian Industries float plant seized by the government last year, could be on the brink of bankruptcy, according to a report from an independent newspaper. Venvidrio was created in 2010 from the takeover of another U.S.-based glass company, Owens-Illinois. Its primary focus is making glass bottles and jars for food and other industries. More…