902274--3/15/2010--LIBBEY

related topics

{operation, international, foreign}

{acquisition, growth, future}

{cost, operation, labor}

{tax, income, asset}

{operation, natural, condition}

{cost, contract, operation}

{debt, indebtedness, cash}

{gas, price, oil}

{customer, product, revenue}

{condition, economic, financial}

{system, service, information}

{property, intellectual, protect}

{competitive, industry, competition}

{personnel, key, retain}

{cost, regulation, environmental}

Natural gas, the principal fuel we use to manufacture our products, is subject to fluctuating prices; fluctuations in natural gas prices could adversely affect our results of operations and financial condition. International economic and political factors could affect demand for imports and exports, and our financial condition and results of operations could be adversely impacted as a result. Fluctuation of the currencies in which we conduct operations could adversely affect our financial condition and results of operations or reduce the cost competitiveness of our products or those of our subsidiaries. Our business requires us to maintain a large fixed cost base that can affect our profitability. We may not be able to achieve the international growth contemplated by our strategy. We face intense competition and competitive pressures, which could adversely affect our results of operations and financial condition. We may not be able to renegotiate collective bargaining agreements successfully when they expire; organized strikes or work stoppages by unionized employees may have an adverse effect on our operating performance. The inability to extend or refinance debt of our foreign subsidiaries, or the calling of that debt before scheduled maturity, could adversely impact our liquidity and financial condition. Our cost-reduction projects may not result in anticipated savings in operating costs. We are subject to risks associated with operating in foreign countries. These risks could adversely affect our results of operations and financial condition. If we have a fair value impairment in a business segment, our net earnings and net worth could be materially and adversely affected by a write-down of goodwill, intangible assets or fixed assets. A severe outbreak, epidemic or pandemic of the H1N1 virus or other contagious disease in a location where we have a facility could adversely impact our results of operations and financial condition. We are subject to various environmental legal requirements and may be subject to new legal requirements in the future; these requirements could have a material adverse effect on our operations. If we are unable to obtain sourced products or materials at favorable prices, our operating performance may be adversely affected. Unexpected equipment failures may lead to production curtailments or shutdowns. High levels of inflation and high interest rates in Mexico could adversely affect the operating results and cash flows of Crisa. Charges related to our employee pension and postretirement welfare plans resulting from market risk and headcount realignment may adversely affect our results of operations and financial condition. If our hedges do not qualify as highly effective or if we do not believe that forecasted transactions would occur, the changes in the fair value of the derivatives used as hedges would be reflected in our earnings. Our business may suffer if we do not retain our senior management. We rely on increasingly complex information systems for management of our manufacturing, distribution, sales and other functions. If our information systems fail to perform these functions adequately, or if we experience an interruption in their operation, our business and results of operations could suffer. We may not be able to effectively integrate future businesses we acquire or joint ventures we enter into. Our business requires significant capital investment and maintenance expenditures that we may be unable to fulfill. If our investments in new technology and other capital expenditures do not yield expected returns, our results of operations could be reduced. Our failure to protect our intellectual property or prevail in any intellectual property litigation could materially and adversely affect our competitive position, reduce revenue or otherwise harm our business. Devaluation or depreciation of, or governmental conversion controls over, the foreign currencies in which we operate could affect our ability to convert the earnings of our foreign subsidiaries into U.S. dollars.

Full 10-K form ▸

902274--3/15/2010--LIBBEY_INC