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New facility to support the Company's long-term sustainability commitment to achieve net-zero emissions by 2050
DOWNERS GROVE, Ill., Aug. 2, 2021 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that it has begun construction on a new custom-designed facility in Abbotsford, British Columbia, Canada. The SAP-ready facility is expected to open during the first half of 2023 and aligns with the Company's long-term sustainability commitment to achieve net-zero emissions by 2050. With the goal of offering energy efficient technology and compliance through the latest emission standards as well as innovative logistic and storage strengths, the facility will also include a whole-site tank telemetry system for real-time product inventory.
Univar Solutions to Expand Footprint with New Facility in Abbotsford, British Columbia
"Central to our Growing Together strategy is our customer, and the new Abbotsford facility will improve our ability to quickly and safely deliver products when and where they are needed with minimal carbon footprint, making us easier to do business with and helping us fulfill our purpose to keep communities healthy, fed, clean and safe," said Chris Halberg, vice president of Local Chemical Distribution for Univar Solutions in Canada. "We're excited to build-on our leading position in the British Columbia market with more growth opportunities for our suppliers to meet local customer needs."
The new facility is expected to more strategically place Univar Solutions' products and services to deliver a streamlined and efficient experience. With larger chemical and ingredient storage as well as rail capacity and specially-designed blending rooms for solvents, corrosives and oxidizers, the facility is designed with the principles of the Company's sustainability commitments embedded throughout, which will help make blending more efficient, while reducing the risk of incidents through the latest engineering controls. With a state-of-the-art containment strategy helping to minimize impact to the environment while increasing safety, the facility is expected to set a new industry standard.
"In addition to the many customer, supplier and sustainability benefits, employees will appreciate the efficient design and digital investments at the Abbotsford facility that will make it easier for them to do their jobs with safety top of mind at every step," said Halberg.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at UnivarSolutions.com.
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and outlook for the future, which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the impacts of the effects of COVID-19 on the Company, the Company's anticipated future results and financial performance, liquidity position and cash flows, actions regarding expense control and cost reductions, expected net synergies from the Nexeo acquisition, capital expenditures and other statements regarding the Company's Streamline 2022 Program and other initiatives. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the sustained geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; current and new actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers and the timing and extent of an economic recovery; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo, or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek, "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
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SOURCE Univar Solutions Inc.