Welcome to our dedicated page for Sealed Air news (Ticker: SEE), a resource for investors and traders seeking the latest updates and insights on Sealed Air stock.
Sealed Air Corporation (NYSE: SEE) is a global leader in packaging solutions, committed to creating a world that feels, tastes, and works better through innovation and sustainability. In 2023, the company generated $5.5 billion in sales, supported by approximately 17,000 employees serving customers in 115 countries.
Sealed Air’s operations are segmented into two main categories: Food Care and Product Care. The Food Care division offers food packaging products under brands like Cryovac®, Darfresh®, and OptiDure™, primarily targeting meat products. The Product Care division includes iconic brands such as Bubble Wrap®, Instapak®, Jiffy® mailers, and shrink film packaging systems designed for industrial and e-commerce applications.
The company’s portfolio of renowned brands ensures a safer, less wasteful food supply chain, protects valuable goods during global shipments, and enhances health through improved hygiene solutions. In recent years, Sealed Air has made significant strides in sustainability, achieving net sales of $1.33 billion in Q1 2024, and focusing on eco-friendly initiatives through the SEE Impact Report 2022.
Sealed Air is dedicated to sustainability, integrating automation, digital, and sustainable packaging solutions to help customers achieve their environmental goals. It pursues scalable solutions to promote circularity, prevent waste, and reduce reliance on natural resources. Collaborations and innovative technologies keep Sealed Air at the forefront of the packaging industry, ensuring high performance and sustainable growth.
For more information, visit www.sealedair.com.
Sealed Air (NYSE: SEE) and Koenig & Bauer AG (XETRA: SKB) have announced a strategic partnership aimed at enhancing digital printing technologies for packaging. This collaboration follows the signing of a non-binding letter of intent, focusing on improving packaging design capabilities and accelerating the digitalization of printing platforms, utilizing SEE's prismiq™ intellectual property.
The partnership will result in co-branded digital printing presses, increasing speed to market for brand owners while enhancing operational efficiency. The RotaJET-series will integrate SEE’s technology, allowing both companies to expand their solution offerings and market opportunities effectively.
Sealed Air reported $5.6 billion in sales in 2022 and employs approximately 17,300 people globally.
Sealed Air is focusing on advanced recycling techniques to tackle the complexities of plastic waste. In a recent podcast interview, Myra Foster, Vice President of Sustainability Innovation & Strategy, discussed the evolution of plastic recycling beyond mechanical shredding. She emphasized that eliminating plastic entirely isn't always the solution, particularly in packaging, where blended materials are prevalent. Sealed Air is dedicated to sustainability, revealing their efforts in improving circularity through innovative recycling methods. The discussion highlights the challenges companies face in sustainability commitments and the necessity for new approaches as they navigate the intricate landscape of plastic materials.
Sealed Air (SEE) has announced significant strides in energy efficiency and renewable energy implementation across its operations. As of December 31, 2021, 16 facilities were fully powered by 100% renewable energy, resulting in a total energy consumption of approximately 1.37 billion kWh in 2021.
SEE aims to reduce energy intensity by 17% by 2025 and 28% by 2030, based on 2019 metrics. Their waste diversion initiative plans to achieve an 85% diversion from landfill and external incineration by 2025, reaching 100% by 2030. In 2021, 67% of waste was diverted.
Additionally, SEE reported a 13.4% reduction in water intensity and a decrease in absolute water use by 7,326 cubic meters compared to 2019. The company continues to prioritize sustainability across its value chain.
Sealed Air Corporation (NYSE: SEE) will release its first quarter 2023 financial results on May 2, 2023, at 7:00 a.m. ET, followed by a conference call at 10:00 a.m. ET. The call will feature CEO Ted Doheny, CFO Designate Dustin Semach, and VP Susan Yang, and will be accessible via the company's Investors homepage. Sealed Air specializes in packaging solutions, generating $5.6 billion in sales in 2022 and employing around 16,300 people globally. The company is committed to sustainability, aiming for 100% recyclable packaging by 2025 and net-zero carbon emissions by 2040.
Sealed Air (NYSE: SEE) announced the appointment of Dustin Semach as Chief Financial Officer Designate, effective April 17, 2023, succeeding Christopher J. Stephens Jr. who intends to retire after filing the company's Q1 2023 report. Semach has two decades of financial leadership in the tech sector, previously serving as CFO at TTEC and Rackspace Technology. President & CEO Ted Doheny expressed confidence that Semach's background in finance and digital tech will enhance SEE's 'Reinvent SEE 2.0' strategy. SEE reported $5.6 billion in sales for 2022 and focuses on sustainable packaging solutions.
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