– O-I Glass, Inc. (“O-I Glass” or “O-I”) announced today that
the company will join a global collaborative platform to advance
sustainability across the wine industry as member of the
Sustainable Wine Roundtable (SWR).
The SWR consists of
more than 120 members representing leading wine brands, small
producers, distributors, retailers, and packaging producers to make
the wine sector even more sustainable. SWR announced an accord to
reduce the average bottle weight of standard wine bottles to below
420 grams by the end of 2026—representing about a 25 percent
decrease in weight. By joining SWR, O-I glass will work to help
members make progress toward their sustainability objectives for
packaging in glass.
Wine packaging
represents nearly 20 percent of O-I’s global glass container
portfolio. As part of the company’s commitment to re-invent and
reimagine glass packaging, O-I is working closely with its
customers to advance novel technologies to manufacture a lower
carbon future for glass packaging.
Most recently, O-I
announced the B0 Estampe™ wine bottle that weighs only about
390g—well below the average weight of typical wine bottles.
Available to O-I customers in France and validated by the Carbon
Trust, the Estampe bottle has a reduced carbon footprint – about 25
percent less carbon emissions compared to conventional 500g wine
bottles and uses up to 80% recycled content. The residual footprint
is offset by the purchase of carbon credits.
O-I Glass is also the
producer of the “Cento per Cento Sicilia” (100 Percent Sicily)
bottles that are produced with about 90 percent locally recycled
glass along with locally recovered secondary raw materials. This
local, closed-loop program enables glass packaging to be cleaned,
separated, and prepared to be made into glass packaging again—all
reducing the need to import empty wine bottles for local
wineries.
“O-I is working
closely with wine producers around the world to demonstrate that
all aspects of wine production can be achieved sustainably while
maintaining the integrity of the packaging and adding value to the
local wine region,” said Randy Burns Chief Sustainability and
Corporate Affairs Officer for O-I. “While we believe that glass
packaging is already the most sustainable choice across the full
lifecycle of wine packaging, O-I is actively fostering
relationships through organizations like the Sustainable Wine
Roundtable to engage our full ecosystem in advancing our
sustainable journey.”
O-I glass is pleased
to join the SWR as it catalyzes and drives collective action and
knowledge sharing to advance sustainability in its vision “of a
world where high quality wine is produced, traded and consumed in
ways that conserve and generate the natural environment, respect
human rights and foster quality and inclusion; and generate
prosperity, pride and passion for excellence.”
To learn more about
O-I’s sustainable packaging for wine and its global vision for
sustainability, visit the company’s website at:
http://o-i.com/sustainability
###
ABOUT O-I
GLASS
At O-I Glass, Inc.
(NYSE: OI), we love glass, and we are proud to be one of the
leading producers of glass bottles and jars around the globe. Glass
is not only beautiful, but it is also pure, healthy, and completely
recyclable, making it the most sustainable rigid packaging
material. Headquartered in Perrysburg, Ohio (USA), O-I is the
preferred partner for many of the world’s leading food and beverage
brands. We innovate in line with customers’ needs to create iconic
packaging that builds brands around the world. Led by our diverse
team of approximately 23,000 people across 68 plants in 19
countries, O-I achieved revenues of $7.1 billion in 2023. Learn
more about us: o-i.com / Facebook /
Twitter / Instagram / LinkedIn
Forward-Looking
Statements
This press release
contains “forward-looking” statements related to O-I Glass, Inc.
(“O-I Glass” or the “company”) within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and Section 27A of the Securities Act of 1933, as amended.
Forward-looking statements reflect the company’s current
expectations and projections about future events at the time, and
thus involve uncertainty and risk. The words “believe,” “expect,”
“anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,”
“estimate,” “intend,” “predict,” “potential,” “continue,” and the
negatives of these words and other similar expressions generally
identify forward-looking statements.
It is possible that
the Company’s future financial performance may differ from
expectations due to a variety of factors including, but not limited
to the following: (1) the general political, economic and
competitive conditions in markets and countries where the Company
has operations, including uncertainties related to economic and
social conditions, trade disputes, disruptions in the supply chain,
competitive pricing pressures, inflation or deflation, changes in
tax rates and laws, war, civil disturbance or acts of terrorism,
natural disasters, public health issues and weather, (2) cost and
availability of raw materials, labor, energy and transportation
(including impacts related to the current Ukraine-Russia and
Israel-Hamas conflicts and disruptions in supply of raw materials
caused by transportation delays), (3) competitive pressures,
consumer preferences for alternative forms of packaging or
consolidation among competitors and customers, (4) changes in
consumer preferences or customer inventory management practices,
(5) the continuing consolidation of the Company’s customer base,
(6) the Company’s ability to improve its glass melting technology,
known as the MAGMA program, and implement it within the timeframe
expected, (7) unanticipated supply chain and operational
disruptions, including higher capital spending, (8) seasonability
of customer demand, (9) the failure of the Company’s joint venture
partners to meet their obligations or commit additional capital to
the joint venture, (10) labor shortages, labor cost increases or
strikes, (11) the Company’s ability to acquire or divest
businesses, acquire and expand plants, integrate operations of
acquired businesses and achieve expected benefits from
acquisitions, divestitures or expansions, (12) the Company’s
ability to generate sufficient future cash flows to ensure the
Company’s goodwill is not impaired, (13) any increases in the
underfunded status of the Company’s pension plans, (14) any failure
or disruption of the Company’s information technology, or those of
third parties on which the Company relies, or any cybersecurity or
data privacy incidents affecting the Company or its third-party
service providers, (15) risks related to the Company’s indebtedness
or changes in capital availability or cost, including interest rate
fluctuations and the ability of the Company to generate cash to
service indebtedness and refinance debt on favorable terms, (16)
risks associated with operating in foreign countries, (17) foreign
currency fluctuations relative to the U.S. dollar, (18) changes in
tax laws or U.S. trade policies, (19) the Company’s ability to
comply with various environmental legal requirements, (20) risks
related to recycling and recycled content laws and regulations,
(21) risks related to climate-change and air emissions, including
related laws or regulations and increased ESG scrutiny and changing
expectations from stakeholders and the other risk factors discussed
in the Company's filings with the Securities and Exchange
Commission.
It is not possible to
foresee or identify all such factors. Any forward-looking
statements in this document are based on certain assumptions and
analyses made by the Company in light of its experience and
perception of historical trends, current conditions, expected
future developments, and other factors it believes are appropriate
in the circumstances. Forward-looking statements are not a
guarantee of future performance, and actual results or developments
may differ materially from expectations. While the Company
continually reviews trends and uncertainties affecting the
Company’s results of operations and financial condition, the
Company does not assume any obligation to update or supplement any
particular forward-looking statements contained in this
document.
JIM WOODS
Corporate Affairs
James.Woods@o-i.com
OI Glass (NYSE:OI)
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