CONSOLIDATED SUBSIDIARY OVERVIEW
Altium Packaging is excited to announce an important milestone for its award-winning1 family of Dura-Lite® packages. To date, Altium has shipped over 1 billion Dura-Lite® bottles to customers throughout the United Statesincluding for major national beverage manufacturers.
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Dura-Lite® Family of Bottles (Photo: Business Wire)
Sean Fallmann, President and CEO of Altium Packaging, stated, We are thrilled to have reached this milestone. The Dura-Lite® design technology provides a new generation of stronger and lighter-weight packages and is perfectly aligned with Altium Packagings commitment to offering sustainable solutions to customers. By using less plastic in a distinctively designed package, Dura-Lite® helps our customers realize supply chain savings, meet sustainability targets, and refresh the look and feel of their products.
Brian Hankin, SVP of Strategy and Innovation, comments, The plastic saved from this revolutionary innovation has a real impact on the environment, reducing CO2 emissions by approximately 38 million pounds, which is the environmental equivalent to planting about 1.5 million trees. The reduced energy usage is also impressive amounting to about 30 million kilowatt hours saved, which is the same amount required to power the average U.S. household for almost 3,000 years1.
Since 2016 Altium has installed Dura-Lite® molds across its national network of manufacturing facilities to support accelerating customer demand for these innovative packages. Dura-Lite® packages typically use between 10% and 25% less plastic than comparable traditional designs all while meeting or exceeding the key performance attributes of those traditional designs.
Dura-Lite® packages are available in gallons, half-gallons, quarts, industrial round gallons, and canisters, presenting customers the opportunity to leverage a matched set of bottles with similar aesthetic features and enhanced performance characteristics. Our latest innovation is the Dura-Lite® canister, presenting customers with a lightweight solution in various sizes, that have enhanced performance properties for the household chemical, personal care, healthcare, and automotive industries.
About Altium Packaging
Altium Packaging is a leading customer centric packaging solutions provider and manufacturer in North America. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segments. Altium Healthcare, a division of Altium Packaging, specializes in nutraceutical and pharmaceutical packaging, offering vials, closures, and labeling services. Altium also operates a leading post-consumer resin business, Envision Plastics. With 64 packaging manufacturing facilities in the U.S. and Canada, two recycled resins manufacturing facilities, and 3,000 employees, Altium has an integrated network that consistently delivers reliable and cost-effective packaging and recycled resin solutions to meet the needs of a wide range of customers. From its state-of-the art Studio PKG, to the recycling technologies of Envision Plastics, to its experienced manufacturing teams across its network, Altium delivers high performance, cost-effective solutions to meet even the most challenging applications. www.altiumpkg.com
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Patrick Lynch, Chief Financial Officer
Source: Altium Packaging