Total U.S. Containerboard Production Increased Two Percent in Q2 2022

Fourth Quarter 2021 Summary: *Strong top line growth across each segment resulted in reported sales up 9% and core sales (excluding currency effects and acquisitions) up 10% *Reported earnings per share increased 8% to $0.85 *Reported net income increased 8% to $58 million. Annual 2021 Summary: *Top line growth across each segment drove record annual sales of $3.2 billion *Reported sales grew 10% and core sales increased 7% *Reported net income totaled $244 million, exceeding 2019 pre-pandemic levels *Acquired Voluntis, a pioneer in digital therapeutics, and 80% of Weihai Hengyu Medical Products, a leading Chinese manufacturer of elastomeric and plastic components used in injectable drug delivery *Furthered our ESG performance and commitments resulting in the following recognitions: Newsweek’s Most Responsible Companies, Barron’s Most Sustainable Companies, Forbes’ Green Growth 50 list, Forbes’ Global Top 10 Female-Friendly Companies, JUST Capital’s Top 10 Companies Leading in Reducing Environmental Impact, EcoVadis Platinum and CDP’s Supplier Engagement Leaderboard *28th consecutive year of paying increased annual cash dividends

O-I Glass, Inc. announced that its wholly owned subsidiary, Paddock Enterprises, LLC, has emerged from Chapter 11 protection, following affirmation by the U.S. District Court for the District of Delaware on June 22, 2022, of an order confirming Paddock’s Plan of Reorganization. The Plan was previously confirmed by the U.S. Bankruptcy Court for the District of Delaware on May 26, 2022. Paddock emerges from Chapter 11 having achieved a final and fair resolution of its asbestos-related legacy liabilities under the Plan. “Paddock’s Chapter 11 process has been completed in a manner that provides finality for the company and, importantly, fair and equitable resolution for claimants,” said Andres Lopez, CEO of O-I Glass. 

Pregis is introducing the AirSpeed® Ascent high-pressure air cushioning system. This next generation inflator creates the patented square pattern hybrid cushioning (HC) packaging material on-demand, saving companies valuable floor space while providing superior product protection to ensure products arrive to customers undamaged. “Users will immediately notice multiple advancements in the compact, ergonomic design and the throughput speed of up to 100 feet-per-minute. But the biggest impact for packers comes from the Ascent’s ’smart logic‘ technology,” said Ryan Germann, category manager—air systems, Pregis.