This report contains “forward-looking” statements related to O-I Glass, Inc. (“O-I”) 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 and include statements based on management’s current assumptions and expectations, including statements regarding O-I’s sustainability vision, strategies, targets, goals, commitments and programs. Forward-looking statements reflect O-I’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 O-I’s future performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) O-I’s ability to achieve the strategic plans, goals and commitments set forth in this report and unexpected delays, difficulties, and expenses in executing against such plans, goals and commitments, (2) the impact of the COVID-19 pandemic and the various governmental, industry and consumer actions related thereto, (3) risks related to the Chapter 11 bankruptcy proceeding involving O-I’s subsidiary, Paddock Enterprises, LLC (“Paddock”), and the confirmation or consummation of a plan of reorganization, (4) O-I’s ability to manage its cost structure, including its success in implementing restructuring or other plans aimed at improving O-I’s operating efficiency and working capital management, achieving cost savings, and remaining well-positioned to address Paddock’s legacy liabilities, (5) O-I’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, (6) O-I’s ability to improve its glass melting technology, known as the MAGMA program, (7) changes in capital availability or cost, including interest rate fluctuations and the ability of O-I to refinance debt on favorable terms, (8) the general political, economic and competitive conditions in markets and countries where O-I has operations, including uncertainties related to Brexit, economic and social conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates and laws, natural disasters, and weather, (9) consumer preferences for alternative forms of packaging, (10) cost and availability of raw materials, labor, energy and transportation, (11) consolidation among competitors and customers, (12) unanticipated expenditures with respect to data privacy, environmental, safety and health laws, (13) unanticipated operational disruptions, including higher capital spending, (14) O-I’s ability to further develop its sales, marketing and product development capabilities, (15) the ability of O-I and the third parties on which it relies for information technology system support to prevent and detect security breaches related to cybersecurity and data privacy, and the other risk factors discussed in O-I’s Annual Report on Form 10-K for the year ended December 31, 2020 and any subsequently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q or O-I’s other filings with the Securities and Exchange Commission.
It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on certain assumptions and analyses made by O-I 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 O-I continually reviews trends and uncertainties affecting O-I’s results or operations and financial condition, O-I does not assume any obligation to update or supplement any particular forward-looking statements contained in this report.
Sustainability in Action
Pennsylvania State Senator Cris Dush Presents O-I Brockway with ENERGY STAR® Certificate
Pennsylvania State Senator Cris Dush presented the ENERGY STAR® Certificate to O-I’s Brockway facility at a press conference in Brockport, […]
Coca-Cola UNITED Partners with O-I to Recycle Glass Bottles
Coca-Coca Bottling Company UNITED is committed to creating a World Without Waste and has a goal of using 50% recycled material […]
ENGIE and O-I Drive Green Electricity Transformation in Europe
O-I Glass, Inc. (“O-I”) (NYSE: OI) and ENGIE’s business entity “Global Energy Management & Sales” reached a long-term agreement for […]
‘Recycle for Pennsylvania’ Makes Glass Recycling Easy
There are more than 400 liquor licenses in Erie County, Pennsylvania. But in 2016, commercial recycling programs stopped collecting glass; […]