O-I ADVANCES LIGHTER WEIGHT, LOWER CARBON WINE BOTTLE IN FRANCE

• Estampe, by O-I, weighs about 390g, well below the average of typical wine bottles in the French market 
• The Estampe bottle has a reduced carbon footprint – about 25% less carbon emissions compared to conventional 500g wine bottles 
• Carbon footprint and reduction plan validated by Carbon Trust 

Perrysburg, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- — O-I Glass, Inc. (“O-I Glass” or “O-I”) has announced the launch of a lightweight glass wine bottle with reduced carbon impact in the French market, the latest proof point in O-I's pursuit of its approved SBTi (Science Based Targets Initiative) target to reduce GHG (greenhouse gas) emissions 25% by 2030. Validated by the Carbon Trust, the innovative lightweight glass wine bottle, named Estampe, is a result of O-I’s vision to be the most sustainable producer of sustainable glass packaging.

At O-I, the company believes glass is already the most sustainable packaging solution, as it is 100% and infinitely recyclable, and made from natural materials. The innovative Estampe bottle strengthens the overall sustainability with a reduced carbon footprint – about 25% less carbon emissions compared to conventional 500g wine bottles. The Estampe bottle weighs about 390g, which is below the average of wine bottles in the French market. The R&D team at O-I developed Estampe to leverage greater recycled content, up to 80% or more on average – well above the current European average of 50% recycled content.

To maximize the credibility and overall sustainability of Estampe, O-I worked with the Carbon Trust to achieve the first validated, eco-designed 75 cl bottle to meet their criteria for low carbon packaging. The residual footprint offset by the purchase of carbon credits supports such things as orchard planning in France and reforestation projects in Brazil.

“Our customers and consumers alike continue to seek sustainable packaging solutions. The addition of a lower carbon lightweight bottle that’s validated by the Carbon Trust demonstrates how we’re innovating to create brand-building, iconic, sustainable solutions,” says Arnaud Aujouannet, Chief Sales and Marketing Officer for O-I. “O-I has been innovating glass bottles for more than a century, and as the demand for lightweight, lower impact packaging rises, we’re focused on transforming our processes and technology to meet that need without compromising on design.”

Estampe is designed to be right-weighted, functional, sustainable, and stunning. It joins an array of O-I’s existing lighter weight glass bottles across the company’s global portfolio. Lightweight wine bottles have been designed by O-I to meet customer demands for smaller impact while still protecting the taste and experience of the wine.

“At O-I, our sustainability goals are purposefully ambitious and aspirational because that's what drives innovation and transformation,” says Randy Burns, Chief Sustainability and Corporate Affairs Officer for O-I. “The thoughtful, diligent work in creating this lower impact wine bottle that’s validated by the Carbon Trust demonstrates O-I’s commitment to a sustainable tomorrow.” 

O-I has the vision to be the most innovative, sustainable, and chosen supplier of brand-building packaging solutions. The road to sustainability is paved by innovation. The launch of a lightweight lower carbon impact glass wine bottle for French wine makers, validated by the Carbon Trust, demonstrates how O-I is innovating packaging to create sustainable solutions. 

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 ABOUT O-I GLASS  

At O-I Glass, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 23,000 people across 68 plants in 19 countries, O-I achieved revenues of $7.1 billion in 2023. Learn more about us:   

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Forward-Looking Statements 

This press release contains “forward-looking” statements related to O-I Glass, Inc. (“O-I Glass” or the “company”) 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, as amended. Forward-looking statements reflect the company’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 the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the general political, economic and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade disputes, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates and laws, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (2) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (3) competitive pressures, consumer preferences for alternative forms of packaging or consolidation among competitors and customers, (4) changes in consumer preferences or customer inventory management practices, (5) the continuing consolidation of the Company’s customer base, (6) the Company’s ability to improve its glass melting technology, known as the MAGMA program, and implement it within the timeframe expected, (7) unanticipated supply chain and operational disruptions, including higher capital spending, (8) seasonability of customer demand, (9) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (10) labor shortages, labor cost increases or strikes, (11) the Company’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, (12) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (13) any increases in the underfunded status of the Company’s pension plans, (14) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (15) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (16) risks associated with operating in foreign countries, (17) foreign currency fluctuations relative to the U.S. dollar, (18) changes in tax laws or U.S. trade policies, (19) the Company’s ability to comply with various environmental legal requirements, (20) risks related to recycling and recycled content laws and regulations, (21) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and the other risk factors discussed in the Company's filings with the Securities and Exchange Commission. 

It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company 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 the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.