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Libbey Declares Regular Quarterly Cash Dividend

Post Time:Jul 24,2008Classify:Company NewsView:290

TOLEDO, Ohio, July 22, 2008 /PRNewswire-FirstCall via COMTEX/ ----Libbey Inc. (NYSE: LBY) announced that its Board of Directors declared the company's quarterly cash dividend of $0.025 cents per share. The dividend will be paid on August 19, 2008, to shareholders of record as of August 5, 2008. As of July 18, 2008, Libbey had 14,729,656 shares outstanding.

Libbey Inc.:

-- is the largest manufacturer of glass tableware in the western hemisphere and one of the largest glass tableware manufacturers in the world;

-- is expanding its international presence with facilities in China, Mexico, the Netherlands and Portugal;

-- is the leading manufacturer of tabletop products for the U.S. foodservice industry; and

-- supplies products to foodservice, retail, industrial and business-to-business customers in over 100 countries.

Based in Toledo, Ohio, for 120 years, Libbey operates glass tableware manufacturing plants in the United States in Louisiana and Ohio, as well as in Mexico, China, Portugal and the Netherlands. Its Crisa subsidiary, located in Monterrey, Mexico, is the leading producer of glass tableware in Mexico and Latin America. Its Royal Leerdam subsidiary, located in Leerdam, Netherlands, is among the world leaders in producing and selling glass stemware to retail, foodservice and industrial clients. Its Crisal subsidiary, located in Portugal, provides an expanded presence in Europe. Its Syracuse China subsidiary designs, manufactures and distributes an extensive line of high- quality ceramic dinnerware, principally for foodservice establishments in the United States. Its World Tableware subsidiary imports and sells a full line of metal flatware and holloware and an assortment of ceramic dinnerware and other tabletop items principally for foodservice establishments in the United States. Its Traex subsidiary, located in Wisconsin, designs, manufactures and distributes an extensive line of plastic items for the foodservice industry. In 2007, Libbey Inc.'s net sales totaled $814.2 million.

Source: Libbey Inc. Author: admin

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