Expanding and upgrading global facilities with
state-of-the-art manufacturing and digital technology
Sealed Air Corporation (NYSE: SEE) has dedicated more than $30
million in capital to expand global production capacity and invest
in new equipment systems to meet the accelerating demand for
Automated Packaging Systems (APS) AUTOBAG® brand solutions, an
acquisition Sealed Air closed in 2019.
The investment is for capacity expansion, “touchless”
automation, and proprietary digital printing technologies primarily
in SEE’s APS facilities in Streetsboro and Bedford Heights, Ohio
and Keyser, West Virginia, and will be completed in 2021. The
company will also expand capacity and install new equipment at APS
sites in Malvern, UK; Cavite, Philippines; and Qingpu, China.
“The successful acquisition and integration of APS into
SEE has accelerated our growth and innovation in “touchless”
automation and bagging systems for e-commerce, industrial, and food
customers,” said Sergio Pupkin, Sealed Air’s Chief Growth &
Strategy Officer.
Doubling AUTOBAG® Equipment Sales Over Next Three
Years
The acceleration of e-commerce driven by the pandemic has
increased demand for automated packaging solutions across multiple
end markets including e-retailers, consumer goods, medical
supplies, industrials, and food.
“As our customers shift their facilities to a more touchless
environment, we are experiencing increased demand for our AUTOBAG®
automated equipment, and sustainable packaging materials,” said
Pupkin. “These investments will allow us to meet this rapidly
growing demand by delivering automated solutions that make our
customers’ operations safer, smarter and faster.”
Our People Make a Difference in This New Automated
World
The company’s “touchless” automation initiative is driving new
jobs and is behind the demand for a skilled workforce that can
support the essential supply chain and help SEE achieve its growing
fulfillment goals. The company is hiring for approximately 80 APS
jobs in Ohio and West Virginia.
All of Sealed Air’s open positions are posted on the company’s
career webpage.
About Sealed Air
Sealed Air (NYSE: SEE) is in business to protect, to solve
critical packaging challenges, and to make our world better than we
found it. Our packaging technology, solutions, and systems create a
safer, more resilient and less wasteful global food supply chain,
enable e-commerce, and protect goods transported worldwide.
Our globally recognized brands include CRYOVAC® brand food
packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand
automated systems, BUBBLE WRAP® brand packaging, and SEE™
Automation solutions.
SEE’s Operating Model, along with industry-leading experts in
materials, engineering, technology, and science are driving our
innovative solution systems to be more sustainable, automated, and
digitally connected.
SEE is leading the packaging industry to create a more
environmentally, socially, and economically sustainable future and
has pledged to design or advance 100% of its packaging materials to
be recyclable or reusable by 2025, and a bolder goal to reach
net-zero carbon emissions in its global operations by 2040.The
company is also committed to a diverse workforce and inclusive
culture through its 2025 Diversity, Equity and Inclusion
pledge.
SEE generated $4.9 billion in sales in 2020 and has
approximately 16,500 employees who serve customers in 117
countries/territories. To learn more, visit sealedair.com.
Website Information
We routinely post important information for investors on our
website, sealedair.com, in the Investors section. We use this
website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation
FD. Accordingly, investors should monitor the Investors section of
our website, in addition to following our press releases, SEC
filings, public conference calls, presentations and webcasts. The
information contained on, or that may be accessed through, our
website is not incorporated by reference into, and is not a part
of, this document.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which
are outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on
any of these forward-looking statements. Forward-looking statements
can be identified by such words as “anticipate,” “believe,” “plan,”
“assume,” “could,” “should,” “estimate,” “expect,” “intend,”
“potential,” “seek,” “predict,” “may,” “will” and similar
references to future periods. All statements other than statements
of historical facts included in this press release regarding our
strategies, prospects, financial condition, operations, costs,
plans and objectives are forward-looking statements. Examples of
forward-looking statements include, among others, statements we
make regarding expected future operating results, expectations
regarding the results of restructuring and other programs,
anticipated levels of capital expenditures and expectations of the
effect on our financial condition of claims, litigation,
environmental costs, contingent liabilities and governmental and
regulatory investigations and proceedings. The following are
important factors that we believe could cause actual results to
differ materially from those in our forward-looking statements:
global economic and political conditions, currency translation and
devaluation effects, changes in raw material pricing and
availability, competitive conditions, the success of new product
offerings, consumer preferences, the effects of animal and
food-related health issues, pandemics, changes in energy costs,
environmental matters, the success of our restructuring activities,
the success of our financial growth, profitability, cash generation
and manufacturing strategies and our cost reduction and
productivity efforts, changes in our credit ratings, the tax
benefit associated with the Settlement agreement (as defined in our
most recent Annual Report on Form 10-K), regulatory actions and
legal matters, and the other information referenced in the “Risk
Factors” section appearing in our most recent Annual Report on Form
10-K, as filed with the Securities and Exchange Commission, and as
revised and updated by our Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. Any forward-looking statement made by
us is based only on information currently available to us and
speaks only as of the date on which it is made. We undertake no
obligation to publicly update any forward-looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210623005502/en/
Investor Relations Lori Chaitman
lori.chaitman@sealedair.com 516.458.4455
Media Christina Griffin Christina.griffin@sealedair.com
704.430.5742
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