Sealed Air Commits Support to New Water Stewardship Standard and Program
April 9, 2014 at 4:30 PM EDT
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Apr. 9, 2014--
Sealed Air (NYSE: SEE) announced today it has become a Founding Partner
of the AWS International Water Stewardship Program. The Program was
launched this week by the Alliance for Water Stewardship and is the
first global framework designed to provide global standards for
large-scale water use organizations to manage and report on water use
and address clean water risks and impacts.
The AWS Standard is the centerpiece of the new AWS Program, which
includes multi-stakeholder membership, assurance and training. The aim
is to directly provide, or facilitate access to, the range of services
that both public and private sector water users need to achieve their
facility and watershed level targets.
“Sealed Air has been instrumental in developing the underlying AWS
Standard since 2009 through sponsorship and support in reviewing and
testing the Standard,” said Ron Cotterman, Vice President, Sealed Air.
“As a Founding Partner of the newly launched AWS Program, we will share
our extensive expertise in helping customers meet their water
sustainability targets to progress the adoption of AWS globally.”
Sealed Air is a leading innovator in developing water stewardship
solutions across a range of hospitality, building care, retail and food
& beverage industries. These solutions include products for reducing
water use, tools for assessing comparative water consumption, and
services to identify and address water-related risks and impacts.
“The launch of the AWS Standard is a pivotal moment in our collective
efforts to manage water wisely in a world where social, economic and
environmental pressures collide. By providing a global framework to
develop local solutions, AWS will be a driving force for collaboration
on water sustainability. We are delighted to have Sealed Air as a
Founding Partner and we look forward to further strengthening our
relationship in the future,” said Adrian Sym, AWS Executive Director.
Business
Sealed Air Corporation creates a world that feels, tastes and works
better. In 2013, the Company generated revenue of approximately $7.7
billion by helping our customers achieve their sustainability goals in
the face of today’s biggest social and environmental challenges. Our
portfolio of widely recognized brands, including Cryovac® brand food
packaging solutions, Bubble Wrap® brand cushioning and Diversey™
cleaning and hygiene solutions, ensures a safer and less wasteful food
supply chain, protects valuable goods shipped around the world, and
improves health through clean environments. Sealed Air has approximately
25,000 employees who serve customers in 175 countries. To learn more,
visit www.sealedair.com.
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We routinely post important information for investors on our website, www.sealedair.com,
in the "Investor Relations" 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 Investor Relations section of our website, in
addition to following our press releases, SEC filings, public conference
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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 Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by such words as
“anticipates,” “believes,” “plan,” “assumes,” “could,” “estimates,”
“expects,” “intends,” “may,” “plans to,” “will” and similar expressions.
These statements reflect our beliefs and expectations as to future
events and trends affecting our business, our consolidated financial
position and our results of operations. Examples of these
forward-looking statements include expectations regarding our
anticipated effective income tax rate, the potential cash tax benefits
associated with the W. R. Grace & Co. Settlement agreement (as defined
in the Company’s Quarterly Reports on Form 10-Q and Annual Reports on
Form 10-K), potential volume, revenue and operating growth for future
periods, expectations and assumptions associated with our restructuring
programs, availability and pricing of raw materials, success of our
growth initiatives, economic conditions, and the success of pricing
actions. A variety of factors may cause actual results to differ
materially from these expectations, including general domestic and
international economic and political conditions, changes in our raw
material and energy costs, credit ratings, the success of restructuring
plans, currency translation and devaluation effects, the competitive
environment, the effects of animal and food-related health issues,
environmental matters, and regulatory actions and legal matters. For
more extensive information, see “Risk Factors” and “Cautionary Notice
Regarding Forward-Looking Statements,” which appear 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. While we may elect to update these
forward-looking statements at some point in the future, we specifically
disclaim any obligation to do so, whether as a result of new
information, future events, or otherwise.
Source: Sealed Air Corporation
Sealed Air Corporation
Investors:
Lori Chaitman, 201-703-4161
or
Media:
Ken
Aurichio, 201-703-4164