Greif Reports Fiscal Third Quarter 2024 Results

As part of an investor presentation, O-I Glass, Inc. will share its business plan to accelerate the company’s transformation and increase value for all stakeholders. “Glass containers are a great product that have been trusted for thousands of years. Building off this enduring legacy, glass is more relevant than ever given consumer preferences for health, wellness and sustainability. To meet the packaging market’s evolving needs, we will continue to transform the company, and with our MAGMA solution, O-I will redefine the glass production process for decades to come,” said Andres Lopez, CEO of O-I Glass. “O-I’s production network is purpose-built to serve a wide array of product categories. MAGMA will further enhance our capabilities to support many of these categories and expand in the highly differentiated product segments, which are aligned to changing consumer preferences. MAGMA also is more flexible and scalable and further improves glass’ position as the most sustainable packaging material available. With MAGMA, we can quickly add capacity in smaller increments, closer to our customers, and at lower capital intensity. This new capability will increase O-I's right to win in the more differentiated markets. It will enable the company to grow in existing markets and enter new markets with greater flexibility. We are ready to deploy MAGMA, achieve the full potential of glass, and enable profitable growth.

The Hämeenkyrön Voima power plant, from which Metsä Board's Kyro mill buys energy, has replaced the peat it burns with renewable energy. In the future, the power plant aims to use wood-based fuels from Metsä Group's production and wood procurement by-products. By not burning peat, Metsä Board Kyro's share of fossil fuels in total fuel demand will be reduced from just over a quarter to about a tenth. The phase-out of peat has required significant investments in power plant technology to control boiler corrosion damage and optimise running conditions. Previously approximately one fifth of the fuel used by the plant has been peat. Thanks to the investments, the energy and local district heat from the mill will be produced in a more environmentally friendly way. Metsä Board, part of Metsä Group, targets to achieve fossil-free production and products by the end of 2030. Moving away from peat-based energy will help Metsä Board towards these goals.

Mactac®, a leading supplier of pressure-sensitive papers and films, and ARMOR, a leader in the design and production of thermal transfer ribbons, are partnering to bring thinner, more sustainable thermal transfer solutions to the labeling industry. Both companies offer thermal transfer solutions that are designed to help reduce the labeling industry’s environmental impact, including Mactac’s Optiscan® thermal transfer products with BLOOM® hi.mpact™ liner and ARMOR’s inkanto® APR1 wax-resin thermal transfer ribbon. When Optiscan products (Optiscan V, Optiscan K and Optiscan 2C) with BLOOM hi.mpact and APR1 ribbon are used jointly as a comprehensive thermal transfer solution, printers, converters and end-users benefit. These innovative products help create a labeling industry with more sustainable solutions. By focusing on sustainable product development, both Mactac and ARMOR are helping ensure the labeling industry is making strides in reducing the impact on the environment.