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THE KRAFT HEINZ COMPANY

(KHC)
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Kraft Heinz : Heinz Tomato Ketchup Introduces First 100% Recyclable Cap Delivering the Perfect, Eco-Friendly Squeeze!

07/07/2021 | 07:01pm EDT

  • Move will save one billion plastic lids – enough to fill 35 Olympic swimming pools – from being sent to landfill every year globally
  • Heinz will introduce unique new caps to the famous squeezy tomato ketchup bottles, resulting in both the bottle and cap being 100% recyclable
  • The new eco-friendly caps, to be rolled out in 2022, deliver the same perfect serving of the World’s Favourite Ketchup that you know and love
  • After eight years, 45 prototypes and more than 185,000 hours in the making, Heinz has found an innovative solution to create the first fully recyclable squeezy bottle, including the cap

Heinz, one of the world’s best-loved food brands, has announced today that it is introducing innovative and more sustainable caps for its squeezy sauce bottles, made to be 100% recyclable.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210707005759/en/

HEINZ announced today that it is introducing innovative and more sustainable caps for its squeezy sauce bottles, made to be 100% recyclable. (Photo: Business Wire)

HEINZ announced today that it is introducing innovative and more sustainable caps for its squeezy sauce bottles, made to be 100% recyclable. (Photo: Business Wire)

The unique new cap – made of an innovative single type of material – has been created after Heinz invested eight years of research and development involving more than 185,000 hours and investing US$1.2 million to find a suitable replacement cap for their convenient and extremely popular squeezy bottles, which sold one billion units globally in 2020.

Heinz created 45 different designs in total on the mission to create the new cap, which were printed in-house using a state-of-the-art 3D printer. After creating the prototypes, Heinz then followed a rigorous testing procedure to make sure the cap met the highest quality standards.

The first Heinz varieties to get the new cap will be the world’s most loved ketchup, Heinz Tomato Ketchup, and the popular Heinz BBQ Sauce. The cap will be rolled out globally from 2022, starting in Europe.

The move will mean a potential one billion plastic caps – enough to fill 35 Olympic swimming pools – can be recycled, instead of finding their way into landfill.

To date, Heinz sauce bottles have used a flexible valve, which had been designed to deliver the ideal portion of sauce per squeeze, but was typically challenging to recycle. The new innovative cap has been designed to provide the same perfect squeeze of your favourite Heinz Tomato Ketchup using a single, rigid and more recyclable material. Resulting in the cap – and Heinz Tomato Ketchup bottle – being easily and conveniently recycled alongside other household curbside recycling.

The new cap dispenses the same perfect amount of sauce every time without affecting the squeezability.

Jojo de Noronha, President of Kraft Heinz Northern Europe, said: “We’re excited to be announcing these first-to-market innovative new caps, meaning our consumers can now recycle every part of their Heinz squeezy bottle in their weekly curbside collection. A huge amount of work has gone into finding the right solution that means no compromise on using and enjoying our hugely popular squeezy bottles for the hundreds of millions who buy them. While we know we still have more to do, from a sustainability and environmental perspective this is positive news.”

Heinz is committed to reducing packaging waste wherever possible whilst continuing to offer great value, and this move is part of Heinz’s pledge to aim to make 100% of its packaging recyclable, reusable or compostable by 2025.


© Business Wire 2021
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Financials (USD)
Sales 2021 25 344 M - -
Net income 2021 2 857 M - -
Net Debt 2021 18 471 M - -
P/E ratio 2021 18,0x
Yield 2021 4,38%
Capitalization 44 715 M 44 715 M -
EV / Sales 2021 2,49x
EV / Sales 2022 2,56x
Nbr of Employees 38 000
Free-Float 53,7%
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 36,55 $
Average target price 41,47 $
Spread / Average Target 13,5%
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Managers and Directors
Miguel Patricio Chief Executive Officer & Director
Paulo Basilio Chief Financial Officer
Alexandre Behring da Costa Chairman
Flavio Torres Head-Global Operations
Gregory Edward Abel Independent Director
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