— O-I Glass, Inc. (“O-I Glass” or “O-I”) has announced the launch
of a lightweight glass wine bottle with reduced carbon impact in
the French market, the latest proof point in O-I's pursuit of its
approved SBTi (Science Based Targets Initiative) target to reduce
GHG (greenhouse gas) emissions 25% by 2030. Validated by the Carbon
Trust, the innovative lightweight glass wine bottle, named Estampe,
is a result of O-I’s vision to be the most sustainable producer of
sustainable glass packaging.
At O-I, the company
believes glass is already the most sustainable packaging solution,
as it is 100% and infinitely recyclable, and made from natural
materials. The innovative Estampe bottle strengthens the overall
sustainability with a reduced carbon footprint – about 25% less
carbon emissions compared to conventional 500g wine bottles. The
Estampe bottle weighs about 390g, which is below the average of
wine bottles in the French market. The R&D team at O-I
developed Estampe to leverage greater recycled content, up to 80%
or more on average – well above the current European average of 50%
recycled content.
To maximize the
credibility and overall sustainability of Estampe, O-I worked with
the Carbon Trust to achieve the first validated, eco-designed 75 cl
bottle to meet their criteria for low carbon packaging. The
residual footprint offset by the purchase of carbon credits
supports such things as orchard planning in France and
reforestation projects in Brazil.
“Our customers and
consumers alike continue to seek sustainable packaging solutions.
The addition of a lower carbon lightweight bottle that’s validated
by the Carbon Trust demonstrates how we’re innovating to create
brand-building, iconic, sustainable solutions,” says Arnaud
Aujouannet, Chief Sales and Marketing Officer for O-I. “O-I has
been innovating glass bottles for more than a century, and as the
demand for lightweight, lower impact packaging rises, we’re focused
on transforming our processes and technology to meet that need
without compromising on design.”
Estampe is designed to
be right-weighted, functional, sustainable, and stunning. It joins
an array of O-I’s existing lighter weight glass bottles across the
company’s global portfolio. Lightweight wine bottles have been
designed by O-I to meet customer demands for smaller impact while
still protecting the taste and experience of the wine.
“At O-I, our
sustainability goals are purposefully ambitious and aspirational
because that's what drives innovation and transformation,” says
Randy Burns, Chief Sustainability and Corporate Affairs Officer for
O-I. “The thoughtful, diligent work in creating this lower impact
wine bottle that’s validated by the Carbon Trust demonstrates O-I’s
commitment to a sustainable tomorrow.”
O-I has the vision to
be the most innovative, sustainable, and chosen supplier of
brand-building packaging solutions. The road to sustainability is
paved by innovation. The launch of a lightweight lower carbon
impact glass wine bottle for French wine makers, validated by the
Carbon Trust, demonstrates how O-I is innovating packaging to
create sustainable solutions.
### END ###
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, 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 Lead
james.woods@o-i.com
Grafico Azioni OI Glass (NYSE:OI)
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