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California’s new recycling laws could cripple unprepared businesses

California’s SB 54 (Plastic Pollution Prevention and Packaging Producer Responsibility Act) is among the most stringent Extended Producer Responsibility (EPR) policies globally.

While CalRecycle is still refining the final regulations, the statutory performance targets remain. By Jan. 1, 2028, plastic covered material must meet a 30% recycling rate, rising to 40% by 2030 and 65% by 2032. While by Jan. 1, 2032, 100% of single-use packaging and single-use plastic food service ware sold into California must be recyclable or compostable, as determined by CalRecycle.

California’s new recycling laws could cripple unprepared businesses | Chain Store Age

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Silgan Announces Record 2020 Earnings And Cash Generation; Anticipates Significant Earnings Growth And Strong Cash Generation In 2021

Highlights *Strong volume trends continued throughout the year, with fourth quarter year-over-year volume increases of 15 percent in each of metal containers and closures and 8 percent in plastic containers *Reported record revenue of $4.9 billion, with all-time high volumes achieved in each business segment *Reported cash from operations of $602.5 million, an increase of 19% over 2019 *Completed the acquisition and integration of the dispensing operations of Albéa Group, greatly expanding fragrance, foam and airless pump capabilities *Supported customer and industry efforts to further communicate the benefits of metal packaging for food, including sustainability, low cost, health and convenience *Attained target leverage ratio seven months post-acquisition - leaving the Company well-positioned to take advantage of future cash deployment opportunities
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