Corona beer unveils interlocking cans to reduce plastic packaging

MEXICO – Beer group, Grupo Modelo has unveiled interlocking cans for its Corona brand to replace six-pack rings in an innovative approach to tackle the problem and impact of plastic waste on the environment. The new Fit Packs involve screwable, stackable cans with screw threads at the top and bottom of each can, allowing up to ten cans to be stacked on top of each other with a simple twist without additional materials. This is one way the AB-InBev owned company is eliminating unnecessary packaging from its portfolio, even as…

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O-I buys glass packaging facility in Mexico from Grupo Modelo for US$188m

USA – The glass packaging manufacturer, Owens-Illinois, Inc. has agreed to acquire glass packaging manufacturing facility, Nueva located in Mexico from Grupo Modelo, a wholly owned affiliate of Anheuser-Busch InBev. With four furnaces, the facility has the capacity to produce and supply approximately 300,000 tons of glass containers annually for Grupo Modelo brands, which include Corona, Modelo Especial and Pacifico. O-I expects the business to contribute approximately US$140 million of revenue and US$40 million EBITDA on an annual basis through increased synergies. As part of the agreement, O-I has entered…

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