CFO and Deputy CEO Seppo Parvi leaves Stora Enso during the fourth quarter of 2024

Supported by Sugar Land Economic Development, Accredo Packaging, Inc., a sustainable package solutions firm, has completed its fourth expansion at its Sugar Land headquarters, representing a $10 million investment. This expansion added 83,000 square feet of office space to the company's 650,000-square-foot LEED-certified campus, which is 100 percent powered by wind energy. Located at 12682 Cardinal Meadow Drive, the project added 30 jobs, and the company has pledged to maintain at least 525 jobs in Sugar Land through 2031. Opened in 2009, Accredo Packaging is the first and only flexible packaging manufacturing facility in North America with LEED Silver certification. Previous expansions took place in 2013 and 2021, and now, in 2024, the company has more than tripled in size.

Q2 2020 Highlights *Net Sales were $1,611.0 million versus $1,552.8 million in the prior year period. *Net Income was $52.1 million versus $63.8 million in the prior year period. *Net organic sales increased 1.5% in Q2 and 3% in the first half of 2020 versus the prior year periods. *Continue to operate safely and effectively; investing in multiple protocols focused on the well-being of employees and serving customers globally. *Successfully closed the 70,000 ton White Pigeon, Michigan Coated Recycled Board (CRB) mill and shut down the 120,000 ton West Monroe, Louisiana PM1 containerboard machine. *Repurchased $38.0 million in common shares during the quarter; delivered $64.9 million to stakeholders in share repurchases, dividends and partnership distributions.

O-I Glass, Inc. announced that its wholly owned subsidiary, Paddock Enterprises, LLC, has reached an agreement in principle for a consensual plan of reorganization under section 524(g) of the Bankruptcy Code. Paddock, the Official Committee of Asbestos Personal Injury Claimants, and the legal representative for the future asbestos personal injury claimants all agreed to accept the terms of a mediator’s proposal regarding a potential consensual plan of reorganization for Paddock. O-I Glass supports the agreement among Paddock, the ACC and the FCR that follows a successful court-approved mediation process conducted by Kenneth Feinberg and the Honorable Layn R. Phillips in connection with Paddock’s ongoing Chapter 11 case. “From the beginning of the Chapter 11 process, we have been committed to supporting a resolution of Paddock’s legacy asbestos liabilities in a manner that ensures claimants are treated fairly while providing finality and certainty for O-I Glass and Paddock. This agreement is a positive and significant step toward achieving those objectives. O-I Glass and Paddock look forward to working cooperatively with the ACC and FCR to implement the terms of the agreement. We believe this is the best path to not only equitably address Paddock’s legacy liabilities but also move expeditiously toward emergence,” said Andres Lopez, CEO of O-I Glass.