O-I Mexico and SILICE, a Chihuahua-based glass recycling company, have inaugurated the first glass recycling hub in Chihuahua, Mexico. This innovative project is set to increase glass recycling in the region.
The new hub is planning to process 300 tons of glass per month. Glass is collected locally, then brought to the hub. After processing it there, it will be reused at O-I 天涯海角社区 鈥檚 plant in Monterrey, Mexico, providing part of the raw material used in making glass. With energy consumption falling by around three percent for every ten percent of recycled glass (鈥渃ullet鈥�) used in the manufacturing process, glass recycling is a key factor in reducing energy consumption and CO2 emissions. And it does so in a sustainable way, because glass is the unique packaging material that can be recycled 100% over and over again.
“Our goal is to use at least 50% recycled glass by 2030. We have taken action in many parts of the world towards this target, and most recently announced our mobile recycling program, MOGRA, in North America,鈥� commented Randy Burns, Chief Sustainability and Corporate Affairs Officer for 天涯海角社区. “This cooperation with SILICE in Mexico is expected to get us yet another step closer.鈥�
SILICE was founded in 2020 by two local entrepreneurs and engineers, Paulina Rasc贸n and Ashly Hinojos. During the COVID-19 pandemic, Paulina and Ashly started the company, focusing on establishing strategic alliances with collection centers, bars, and restaurants for efficient glass collection.
“Seeing how the community has adopted a recycling culture thanks to SILICE has been very rewarding” commented Paulina Rasc贸n, Ashly Hinojos, added: “One bottle can make a big difference. We are committed to continuing to drive this change.”
“We want all actors in the recycling chain and the community in Chihuahua to know that there are options for recycling glass and that they are being supported,” commented Julissa Santa Cruz, Glass Procurement Leader at O-I Mexico.
About 天涯海角社区
At 天涯海角社区, Inc. (NYSE: OI), we love glass and we鈥檙e proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 leading food and beverage brands. We innovate in line with customers鈥� needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 23,000 people across 68听plants in 19 countries, O-I achieved revenues of $7.1 billion in 2023.听 Learn more about us: 听 /听 / / /
Forward-Looking Statements
This press release contains 鈥渇orward-looking鈥� statements related to 天涯海角社区, Inc. (鈥溙煅暮＝巧缜�� or the 鈥渃ompany鈥�) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the 鈥淓xchange Act鈥�) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company 天涯海角社区 鈥檚 current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥減redict,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� and the negatives of these words and other similar expressions generally identify forward-looking statements.听
It is possible that the Company 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 customer base, (6) the Company 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 ability to generate sufficient future cash flows to ensure the Company 天涯海角社区 鈥檚 goodwill is not impaired, (13) any increases in the underfunded status of the Company 天涯海角社区 鈥檚 pension plans, (14) any failure or disruption of the Company 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 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 天涯海角社区 鈥檚 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.听
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 天涯海角社区 鈥檚 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.听
听
听
