Libbey Declares Regular Quarterly Cash Dividend

10/17/2006

TOLEDO, Ohio, Oct 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- 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 November 28, 2006, to shareholders of record as of November 8, 2006. As of October 13, 2006, Libbey had 14,291,958 shares outstanding.

Libbey Inc.:

  • is the largest manufacturer of glass tableware in North America and one of the largest glass tableware manufacturers in the world;
  • has expanded its international presence with facilities in Mexico, the Netherlands, Portugal, and a facility in China planned to begin production in 2007;
  • supplies products to foodservice, retail, industrial and business-to- business customers in over 90 countries.
  • is the leading manufacturer of tabletop products for the U.S. foodservice industry.

Based in Toledo, Ohio, the Company operates glass tableware manufacturing plants in the United States in Louisiana and Ohio, as well as in Mexico, 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 2005, Libbey Inc.'s net sales totaled $568.1 million.

SOURCE Libbey Inc.

Kenneth Boerger, VP-Treasurer of Libbey Inc., +1-419-325-2279; or Lisa Fortuna, Analyst Inquiries, of Financial Relations Board, +1-312-640-6779

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