CRYSTAL LAKE, Ill.--(BUSINESS WIRE)--Jan. 18, 2019--
AptarGroup, Inc. (NYSE: ATR) announced today that it has signed the New
Plastics Economy Global Commitment and has joined forces with other
businesses and governments committed to changing how we produce, use and
reuse plastic.
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Photo: New Plastics Economy
The Global Commitment, through the Ellen MacArthur Foundation, has
mobilized over 250 signatories that are determined to start building a
circular economy for plastic. Signatories of the Global Commitment
include companies representing 20% of all plastic produced globally.
Together they will work to eliminate plastic items that are not needed;
innovate so that needed plastic is designed to be safely reused,
recycled or composited; and circulate used plastic to keep it in the
economy and out of the environment.
Commenting on Aptar’s commitment, Aptar President and CEO, Stephan Tanda
said, “By signing the New Plastics Economy Global Commitment, we further
reinforce our pledge to reduce our environmental impact and support the
Ellen MacArthur Foundation’s vision for a circular economy. We look
forward to partnering with our colleagues in the packaging industry to
implement powerful changes to plastics manufacturing and the reuse of
plastic, with the ultimate goal that it does not become waste.”
In the interest of supporting a more sustainable economy, Aptar launched
a Sustainable Materials Task Force to address customer, consumer and
regulatory expectations for sustainable product offerings. The task
force’s fundamental objectives were to create a reliable network of
sustainable material suppliers with the necessary technical and supply
capabilities, and to establish a robust process with suppliers to
validate sustainable materials and offer ready-to-use solutions.
Over the past few years, Aptar has evaluated and tested a number of
sustainable resins. Aptar seeks sustainable materials that can replace
our standard fossil-based resins, and is currently investigating
post-consumer recycled resins (PCR), post-industrial resins (PIR) and
bio-based materials.
Aptar has launched stock tube-top, snap-top and disc-top closures in
North America made with PCR resin. Approved by the U.S. Food and Drug
Administration (FDA) for use in the beauty, personal care and home care
applications, this PCR polypropylene is blended 50/50 with virgin
polypropylene resin.
Aptar also recently qualified some of its dispensing systems with
actuator, closure and dip tube components made of bio-based materials.
These were the first dispensing systems on the global market to complete
a life cycle assessment (LCA) and achieve an environmental product
declaration (EPD) in compliance with standard ISO 14025. With the recent
certification of LCA studies, these dispensing systems can further
reduce environmental impact.
Aptar remains committed to sustainable resins and will continue to seek
opportunities to replace fossil-based resins and increase our offering
of sustainable dispensing solutions. We invite you to read more about
our sustainability efforts in our 2017
Corporate Sustainability Report.
Aptar is a leading global supplier of a broad range of innovative
dispensing, sealing and active packaging solutions for the beauty,
personal care, home care, prescription drug, consumer health care,
injectables, food and beverage markets. Aptar uses insights, design,
engineering and science to create innovative packaging technologies that
build brand value for its customers, and, in turn, make a meaningful
difference in the lives, looks, health and homes of people around the
world. Aptar is headquartered in Crystal Lake, Illinois and has over
13,000 dedicated employees in 18 different countries. For more
information, visit www.aptar.com.
This press release contains forward-looking statements. Words such as
“future” and other similar expressions or future or conditional verbs
such as “will” are intended to identify such forward-looking statements.
Forward-looking statements are made pursuant to the safe harbor
provisions of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 and are based on our beliefs as
well as assumptions made by and information currently available to us.
Accordingly, our actual results may differ materially from those
expressed or implied in such forward-looking statements due to known or
unknown risks and uncertainties that exist in our operations and
business environment. Additionally, forward-looking statements include
statements that do not relate solely to historical facts, such as
statements which identify uncertainties or trends, discuss the possible
future effects of current known trends or uncertainties or which
indicate that the future effects of known trends or uncertainties cannot
be predicted, guaranteed or assured. For additional information on these
and other risks and uncertainties, please see our filings with the
Securities and Exchange Commission, including the discussion under “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in our Form 10-Ks and Form 10-Qs.
We undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190118005043/en/
Source: AptarGroup, Inc.
Investor Relations Contact:
Matt
DellaMaria
matt.dellamaria@aptar.com
815-477-0424
Media Contact:
Katie Reardon
katie.reardon@aptar.com
815-477-0424