Bemis Company, Inc. 2014 Corporate Responsibility · PDF fileLondrina Flexibles North America: Bemis Graphics Europe: Elsham Europe: Valkeakoski North America: Oshkosh, WI (BSF) North

Bemis Company, Inc.2017 Corporate Responsibility Report

1 About Bemis Company

2 Message From Our President and CEO

5

Economic Sustainability

Global Risk ManagementEthicsPrinciples of Corporate Governance

8

Environmental Sustainability Product Sustainability Source Reduction

Energy & Emissions Management Carbon Disclosure Project

Waste Management & Recycling Water Conservation Electricity & Fuel Use Solvent Use

11

Social Sustainability

Safety

Health & Well-Being

Training & Professional Development

Diversity & Human Rights

Employee Engagement

Community Relations & Philanthropy

15 Recognition & Associations

Bemis Company Inc.’s 2017 Corporate Responsibility Report presents our sustainable business activities and performance related to social, economic, and environmental sustainability. It replaces and updates our previous 2014 Corporate Responsibility Report.

DataBemis Company and our majority owned subsidiaries for the calendar year 2016. Our carbon emission data provided in the Environmental Sustainability section uses protocols based on the GHG Protocol Corporate Accounting and Reporting Standard developed by the World Resources Institute and the World Business Council for Sustainable Development. Impacts of our suppliers are not within the scope of this Report.

SustainabilityInitiatives

About Our Report

Bemis Company’s participation in environmental sustainability interests includes association with: American Institute for Packaging and the Environment (AMERIPEN™); Brazilian Packaging Association (ABRE); Carbon Disclosure Project (CDP); and The Sustainable Packaging Coalition (SPC). See page 15 of this report for a full list of associations.

This report is available on the Bemis Company website at www.bemis.com/sustainability.

B | Bemis Corporate Responsibility Report

TABLE ofCONTENTS

Unless mentioned otherwise, our data reflects consolidated figures of the global operations of

Bemis Corporate Responsibility Report | 1Bemis Corporate Responsibility Report | 1

ABOUT BEMIS COMPANY

50+plants in more than

10 countries

17,000employees

$4.0billion net sales

in 2016

We are a global supplier of flexible and rigid plastic packaging used by leading food, consumer products, healthcare, and other companies worldwide. We design, develop, and manufacture innovative, fit for purpose packaging solutions that protect, hold, and enhance the sustainability of our customers’ products.

ourMISSION

ourVALUES

ourVISION

Bemis is and willremain:

Our Core Valuesrepresent who weare and how weconduct business:

a business committed to demonstrating the highest level of ethics and integrity possible in our internal and external interactions

a valued supplier of quality products an employer providing a challenging and satisfying work experience for

our employees a rewarding investment for our shareholders a responsible member of the communities in which we operate

Ethics Innovation Accountability Respect

A passionate commitment to the growth and success of our customers will make Bemis the clear choice for inspired packaging solutions

2 | Bemis Corporate Responsibility Report

A MESSAGE FROM WILLIAM AUSTEN, PRESIDENT & CHIEF EXECUTIVE OFFICER

William F. AustenPresident and Chief Executive OfficerBemis Company, Inc.

Responsibility at Bemis begins with integrity and reliability – traits that have been a part of our company culture through years of growth and change. As our Company continues to evolve, we will continue to embrace change and uphold our values of ethics, innovation, accountability, and respect.

As you’ll see throughout this report, our activities, processes, and programs support our sustainable business approach. Some examples of this commitment include:

Corporate responsibility is a value embedded in everything that we do at Bemis Company. We believe that our people help make Bemis a valuable long-term investment, a prudent steward of the environment, and a good corporate citizen in our communities around the world. In combination with our three-pronged approach to fix, strengthen, and grow our business, at our core remains our goal to maximize the social, economic, and environmental benefits of our business as we position our Company for enduring success.

We continue to provide a safe and rewarding workplace for our employees. In 2016, Bemis’ global injury rates were 78% lower than our industry benchmark. Our teams have done an outstanding job of not only reducing injuries but also implementing preventative practices that help our employees work and live safely.

We continue to make sound business decisions that position Bemis as a valuable long-term investment. We continue to prioritize creating shareholder value and returning cash to shareholders, in part through our 30+ years of increasing dividend payments.

We continue to be good stewards of our resources as we have made tremendous progress since 2010 in successfully reducing waste to landfill and our use of process water, solvents, electricity, and fuel.

We are proud of the accomplishments we have made toward maximizing the social, economic, and environmental benefits of our business, but we will never stop our continuous improvement philosophy. Corporate responsibility is fundamental to delivering our business goals. Our consideration of responsible business practices, safety, the environment, and our communities guides our daily activities. We look forward to continuing to build value on a sustainable basis.

Social

Economic

Environmental

Bemis has a proud history of environmental, health, and safety stewardship. Because of the commitment of our employees, we continue to be one of the safest and most environmen-tally responsible manufacturing companies in our industry.

The Bemis CEO Environmental, Health & Safety (EHS) Excellence Award has been presented annually for the last 10 years in recognition of top performers in the environ-mental, health, and safety arenas. Bemis facilities thatapply for this award must meet stringent requirements of improving EHS performance at their facility through various methods, including: reducing injury rates, strengthening EHS management systems, and improving environmental stewardship.

The facilities who win this award represent the best examples of excellence in safety and stewardship of the environment.

Recent CEO EHS ExcellenceAward-Winning Bemis Facilities:

CEO ENVIRONMENTAL, HEALTH& SAFETY EXCELLENCE AWARD

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08

20

07 20

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11

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12

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14 20

15 20

16

Bemis Corporate Responsibility Report | 3

Latin America:Rondonopolis

Latin America:Londrina Flexibles

North America:Bemis Graphics

Europe:Elsham

Europe:Valkeakoski

North America:Oshkosh, WI (BSF)

North America:Oshkosh, WI (BCF)

Europe:Elsham

North America:Boscobel, WI

North America:Fremont, OH


environmental

sustainability

economicsustainability

socialsustainability

At Bemis, our approach to corporate responsibility is built on our desire to maximize the social, economic, and environmental benefits of our business.

CommitmentOur

Sustainability $

Bemis Corporate Responsibility Report | 55 | Bemis Corporate Responsibility Report

Bemis is committed to promoting a safe workplace, providing valuable and rewarding employment opportunities, supporting our local economy, and

contributing to the health and welfare of our communities.

Social Sustainability

BEMIS WOMEN’S NETWORK

The role of the Bemis Women’s Network is to champion and further develop women’s talents and leadership qualities and to shape our organization so Bemis achieves its full potential.

We recognize that inclusion and diversity of people and perspectives bring value to our business, creating a workforce that mirrors our customers and communities. We are committed to attracting and retaining a diverse workforce, and we hire and promote employees based on their talent and contributions to the success of the business. We comply with all Equal Employment Opportunity laws and have a robust process to fully investigate and address all complaints regarding workplace discrimination.We respect human, cultural, and legal rights of individuals and communities, and we support the dignity and equality of all human beings. This is an unwavering commitment for Bemis, particularly in regions of the world where it is challenging to remain both a competitive and socially responsible supplier. Our responsible business practices help us foster a positive business climate consistent with our long-standing commitment to ethical behavior, and our Code of Conduct sets forth our expectation of legal and humane behavior.

Diversity & Human Rights

social


OUR VALUESOur Core Values represent who we are and how we conduct business:

Ethics Innovation Accountability Respect


At Bemis, the health of our employees and their families is crucial to our success. We are committed to engaging employees and their family members in their own health and well-being. We offer a range of competitive benefit programs, services, and resources that encourage healthy lifestyles. Some examples include:

Work-site wellness initiatives such as on-site biometric screenings, flu shots, walking programs, blood drives, weight loss programs, stretching programs, and cancer screenings.

Health and Dental insurance

Pharmacy insurance

Employee Assistance Program (EAP)

Chronic Disease Management Program

Ergonomic training and evaluations

Wellness communication material

Employee EngagementOur employees’ actions and decisions share our company culture. Bemis conducts a bi-annual survey of employees to identify opportunities to continuously improve our company. The survey results provide valuable insights which have enabled Bemis to address topics important to employees, drive employee engagement, and continue to improve company performance.

Community Relations & Philanthropy

Responsible community participation has been firmly anchored in our company culture and our corporate values since Bemis was founded. This is reflected in the actions of our employees, who contribute their skills and time by volunteering in our communities around the world. Bemis provides financial support for many of those activities and other endeavors that enhance the quality of life in the areas of social needs, education and science, and health.

Health & Well-Being

ENCOURAGE ELEVATEpeople by supporting higher education, arts, and culture

EMPOWERpeople by providing them basic needs and emergency assistance

people with access tobasic education and health(mental/physical) & fitness

The Bemis Foundation distributes approximately $2.5 million per year to charitable organizations and programs in our communities. We fund programs and volunteer our time to Encourage, Empower, and Elevate people. As part of this support, the Bemis Foundation contributes to advance Science, Technology, Engineering, and Math (STEM) curriculum in select high schools in or near Bemis communities. This educational initiative, which involves engineering coursework that is hands-on and project-based, aligns with Bemis’ core strengths in engineering and material science innovation and allows our employees to connect with schools through mentoring and volunteering.


In 2016, Bemis’ global injury rates were 78% lower than

our industry benchmark

Bemis Company has reduced injury rates by >75%

since 2007

>75%

Inspired employees are motivated and engaged. We depend on the ideas and commitment of our workforce, and we focus on creating an environment that inspires growth and innovation. Our training and development programs strengthen our employees’ abilities and enhance our Company’s appeal as a great place to work. We offer a wide range of business-specific training, function-based training, and development training that help build basic, proficient, and mastery skills for individuals, employee teams, and departments. Courses are offered through classroom-based programs, eLearning, and consulting services.

We also sponsor employees’ individual memberships in professional organizations, and reimburse employees for tuition and books for any job-related course taken at an accredited institution.

Training & Professional Development

Safety

Total Recordable Injury RateTRIR Per 100 Employees Per Year

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07

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13

20

14

20

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20

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3.9

1.2

2.82.2

1.6 1.4 1.1 0.96 1.0 0.95

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07

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2.6

0.8

1.8 1.4 1.1 1.0 0.8 0.7 0.6 0.7

Days Away Restricted or Transferred Rate DART Incident Rate Per 100 Employees Per Year

Bemis has an unwavering commitment to safety. Each Bemis facility has measurable safety goals to promote continuous improvement and safe business practices. All Bemis employees receive safety training, and safety assessments are performed regularly in our plants. Implementation of our EHS Management System has resulted in a robust framework for top performance and has been instrumental to accomplishing year-over-year improvement in our Total Recordable Incident Rate (TRIR) and our Days Away Restricted or Transferred (DART) Rate.

INJURYRATE

2016 INJURY RATES

Global Risk Management Our Global Risk Management program includes a formal Enterprise Risk Management (ERM) process that enables Bemis to govern uncertainty and assess opportunities. ERM is practiced in both strategic and tactical operations of the business; as opportunities and risks are identified and assessed, careful consideration is made about which opportunities to pursue and which risks to mitigate – and investments are made accordingly. A formal evaluation of Bemis’ ERMprogram is performed periodically by the Chief Executive Officer, Chief Financial Officer, and General Counsel. An annual review of the ERM program is performed by Bemis’ Board of Directors and external auditors. Business Continuity Management Our enterprise-wide business continuity plan is an integrated component of the ERM process that is designed to prepare and enable Bemis to continue business-critical functions and meet customer expectations during any significant business disruption. The Bemis BeResilient program focuses on developing leaders who can serve customers in any situation. Skillful management of challenges that could interrupt normal operations requires skilled leaders in our plants and headquarters working seamlessly together to overcome the challenges we may confront. The Bemis BeResilient initiative trains leaders through hands-on workshops and exercises how to be resilient in any situation. We invest time and energy in practicing crisis and incident management to give ourselves the very best opportunity to meet all customer commitments regardless of the challenges to our normal operations. Risk assessment, incident management, and business continuity are owned by our operations team with leadership and support from our Global Risk Management team.

We operate for the long term with a disciplined approach to business management, as evidenced by our long history of profitability and ethical decision-making. It is our responsibility to make sound decisions, follow best practices, and report transparently to our stakeholders, and we do so through the framework of established principles and programs that guide our actions and reflect our core values.

Economic Sustainability

economic

Identify Risk

Assess Risk

Choose MitigationPath & Prioritize

ImplementMitigation Path

Report & MonitorRisks



Principles of Corporate GovernanceThe overall framework for Bemis’ corporate governance is defined in our Principles of Corporate Governance, which have been adopted by our Board of Directors as the basis for how the Board will manage its affairs. These Principles ensure corporate accountability to our stakeholders, including shareholders, customers, suppliers, and employees. Our Principles of Corporate Governance are available on our website at www.bemis.com.

Bemis’ Code of Conduct sets out clear and practical guidance for ethical conduct throughout our Company. Our Code of Conduct is published in print and online in nine languages and provides our expectations of legal and ethical behavior of all employees, officers, directors, independent contract workers, and suppliers who conduct activities on Bemis’ behalf. All Bemis employees receive training on some aspects of our code every two years.

Whistleblower PolicyCreating an environment where employees can raise questions and concerns helps us advance our commitment to ethical behavior. Our Whistleblower Policy requires that issuesrelated to fraud, ethics, violations of our Code of Conduct, or other employment concerns be reported with the option to report anonymously. Bemis provides a companywide, toll-free hotline and email communication tool that encourages employees to report ethics concerns or questions. This hotline is managed by an independent third party to ensure confidential and anonymous reporting and is provided in 9 languages 24 hours a day, 7 days a week.

Sedex is an online platform, operated by a not-for-profit independent organization that allows companies to access information about their suppliers, including labor standards, health and safety, business integrity, and environmental performance.

Bemis is a Member of the Supplier Ethical Data Exchange (Sedex)

Board of Directors

Our Board of Directors is comprised of talented individuals with strong business acumen in the areas of finance, operations, engineering, and research & development, and offers expertise in retail, food, manufacturing, and chemical industries. Our Board has three standing committees: Nominating and Corporate Governance Committee, Audit Committee, and Compensation Committee. As outlined in our Principles of Corporate Governance, each committee is chaired by an independent Director. Independent Directors always constitute a substantial majority of our Board, and on an annual basis, our Board evaluates and confirms each Director’s independent status consistent with the NYSE listing standards.

Ethics

Guidelines for the composition, selection, compensation, and tenure of our Board of Directors are defined in our Principles of Corporate Governance,which is available on our website at www.bemis.com.


Throughout our history of responsible decision-making, Bemis has builta strong foundation ofeconomic stability. Our strategic investments and prudent use of our strong cash flow provide a valuable return to our shareholders.

$350

$250

$150

$50

2012 2013 2014 2015 2016

RETURNING CASH TO SHAREHOLDERSOver $1B of value returned to shareholders

Dividends Share Repurchases

(millions)

S&P DIVIDEND ARISTOCRATEvery year since 1922, Bemis has paid a shareholder dividend, and in 2017, we increased our dividend for the 34th consecutive year, earning Bemis a place on the prestigious list of S&P Dividend Aristocrats.

INCREASINGDIVIDEND


Bemis is committed to being a steward of the environment. We understand that as a manufacturer,our operations and activities have an inherent impact on the environment, and it is our responsibility to minimize these impacts through continuous improvement in product sustainability and careful management of our manufacturing processes.

Examples of packaging needed to package 60 pounds of beverage

EnvironmentalSustainability

environmental


Carbon Disclosure Project

Bemis has participated in the Carbon Disclosure Project (CDP) since 2006. The Carbon Disclosure Project is an independent, not-for-profit organization that is working to drive greenhouse gas emissions reduction and sustainable water use by businesses and cities. We report our companywide Scope 1 and Scope 2 carbon emissions annually to the CDP. Our reporting protocols are based on the GHG Protocol Corporate Accounting and Reporting Standard developed by the World Resources Institute and the World Business Council for Sustainable Development.


Total Scope 1 & Scope 2 Emissions (CO2e metric tons)

895,558

876,044

827,570

824,884

20102011

20122013

805,361

732,773

747,635

2014

2015 2016

FLEXIBLEPACKAGINGUSES LESS RESOURCES*

1.5 lbs of flexible plastic

3 lbs of aluminum

6 lbs of rigid PET

50 lbs of glass

*Source: Flexible Packaging Association

FLEXIBLE PLASTIC

ALUMINUM

RIGID PET

GLASS50 lbs

6 lbs

3 lbs

1.5 lbs

Source Reduction Our flexible packaging products are designed to provide maximum protection using the least amount of material. Less material results in lighter-weight packagingthat uses less space, requiring fewer truckloads for transport. Source reduction also provides more efficient use of fuel, electricity, and water, and the conservation of raw materials lowers CO2 emissions during production. Bemis focuses great effort on our waste management programs. It is our policy not to send any hazardous waste to landfills. We recycle or recover the energy from our hazardous waste in a safe and responsible way to ensure minimal environmental impact. We develop films and adhesives that conserve resources and reduce packaging waste, while continuing to provide performance, value, and convenience.

Product SustainabilityBemis packaging protects products and extends their shelf life. When food stays fresh longer, food waste is reduced. From the field and farm to store shelves to consumers’ homes, food flavor, freshness, and quality matter. In the medical industry, rapidly evolving advancements require packaging that maintains product integrity and sterility. We understand that responsible packaging—packaging that uses the least amount of material— enhances product sustainability. Our polymerchemists and research and development experts develop film structures and packagingsolutions that use less material while providing protective barriers that sustain the quality that consumers expect and the medical industry requires.

26 1

Flexible Packaging Creates Less Footprint*Energy consumption and environmental impact during transportation is greatly reduced.

truckloads of unfilled glass jars

truckload of unfilled flexible pouches

Truckloads needed to transport packaging for equal amounts of product

*Source: Flexible Packaging Association


Energy & Emissions Management

Our facilities generally operate with a small carbon footprint. Flexible packaging is transported in relatively lighweight rolls that take up less space in trucks and warehouses than glass jars or metal cans, reducing total energy usage throughout the distribution cycle. Bemis is further ensuring continuous improvement of our emissions and energy management through our environmental sustainability goals, detailed on page 14.

Waste Management & Recycling

Our facilities follow strict regulations and procedures with regard to waste management and disposal. Every Bemis facility has a waste minimization plan. Waste performance is tracked monthly and waste reduction activities are implemented to help reduce expenses related to raw materials, waste handling, and disposal. Our waste management processes and associated metrics are an integral part of our everyday operations. Approximately 80 percent of the waste we generate is reused or recycled. As of 2016, we have reduced our unit waste to landfill by 49 percent compared to our 2010 baseline.

WE ARE GOOD STEWARDS OF OUR RESOURCES

Solvent Use

In our manufacturing processes, solvents are used in various printing, coating, and laminating operations. Our EHS Management System monitors the use of solvents from selection through final disposition with agoal to minimize toxicity, volume of use, emissions, and handling concerns. We continuously look for new processes and approaches that minimize the need for solvents and reduce emissions. Since 2010, our use of solvents has decreased by 19 percent.

Electricity & Fuel Use

We continuously invest in projects that reduce energy usage, such as lighting upgrades and energy-efficient manufacturing equipment. Our use of electricity has decreased by 11 percent since 2010, and our use of fuel has decreased by 21 percent.

Water Conservation

We use a relatively small amount of water in our manufacturing processes. The majority of this water is reused in closed loop cooling systems. As of 2016, our process water discharge decreased by 69 percent, as compared to our 2010 baseline.


MAINTAIN & GAINGood environmental practices are woven into every part of our operating model.We have made tremendous progress toward the environmental sustainability goals we set out for ourselves in 2010. We have successfully reduced waste to landfill and our use of process water, solvents, electricity, and fuel. Given the meaningful progress in our goals, we are now simplifying our approach and extending our progress for the long term by adopting a “maintain and gain” philosophy. We aim to hold the progress (maintain) and look for opportunities to continually improve even further (gain) as we grow our business. We are proud of our accomplishments, but we will never stop our continuous improvement philosophy.

49% 11% 21% 19%69%

lesswaste

tolandfill

lesssolvent

lessfuel

lesswater

lesselectricity

Our Environmental Sustainability Goals

Successful Reductions in Resources Used

Since 2010, we have reduced our use:



Bemis ISO, FDA cGMP Standards

Our dedicated healthcare packaging facilities that produce packaging for

medical devices and pharmaceuticals are ISO 13485 registered and operate

with FDA cGMP standards.

AssociationsABIPLAST, the Brazilian Plastic Industry Association

Founded in 1967, ABIPLAST aims at encouraging the development of Brazilian plastic converters. With thousands of associates representing hundreds of thousands of employees, the organization has played a proactive role in policy issues that affect the industry over the past decades.

American Institute for Packaging and the Environment (AMERIPEN™) AMERIPEN is an industry and trade organization that advocates and educates on environmental packaging issues related to legislation and regulation.

American Meat Institute (AMI) AMI is a national trade association that promotes and studies safe and efficient practices for the meat and poultry industry and associated suppliers.

Plastividia Plastividia is a Latin American organization that disseminates accurate information about plastics, their responsible use, and adequate post-consumption handling through relationships with the public and through environmental education.

AMCHAM AMCHAM is a Brazilian chamber integrating a new era of business, with Brazilian and International companies, in an environment that transcends borders in content generation and provides a complete and active business and services forum.

Brazilian Packaging Association (ABRE) Founded in 1967, ABRE aims at promoting the development of the packaging industry and enhancing the quality of packages produced in Brazil.

Carbon Disclosure Project (CDP) The CDP is an organization that holds the largest database of primary corporate climate change information in the world. Since 2006, Bemis has annually measured and reported our companywide greenhouse gas emissions to the CDP.

Federation of Environmental Technologies (FET) FET is a non-profit organization that assists industries with education and development surrounding environmental regulatory compliance and technological developments.

Flexible Film Recycling Group (FFRG) The FFRG is a group of businesses working to significantly increase the collection and recycling of all flexible films and to educate the public about the importance of recycling.

Flexible Packaging Association (FPA) The FPA is one of the leading trade association for converters of flexible packaging and suppliers to the industry.

National Safety Council (NSC) The NSC provides support, knowledge, resources, training, and expertise aimed at preventing injuries and promoting safety in the workplace, in homes, and in communities.

PAC NEXT PAC NEXT is a program that unites leading organizations across the packaging value chain to collaboratively explore, evaluate, and mobilize innovative packaging end-of-life solutions.

Packaging Machinery Manufacturers Institute (PMMI) PMMI is a leading, global trade association for companies that manufacture packaging and packaging-related containers, materials converting machinery, and commercially-available packaging machinery components in the United States and Canada.

The Sustainable Packaging Coalition (SPC) The SPC is an industry working group dedicated to a more robust environmental vision for packaging. Through an informed and science-based approach and supply chain collaborations, the SPC promotes packaging systems that encourage economic prosperity and a sustainable flow of materials.

Plastics Industry Association (PLASTICS) PLASTICS is a plastics industry trade association that fosters the sustainable growth of plastics in the global marketplace and represents the entire plastics industry supply chain, including processors, machinery, and equipment manufacturers, and raw materials suppliers.

Supplier Ethical Data Exchange (Sedex) Sedex is a not-for-profit membership organization dedicated to driving improvements in ethical and responsible business practices in global supply chains and is one of the largest collaborative platforms for sharing ethical supply chain data.

RECOGNITION & ASSOCIATIONS

RE

CO

GN

ITIO

N

Bemis Company has been recognized for the following:

S&P Dividend Aristocrat

Most prolific winner of the DuPont Award for Packaging Innovation

One of 500 Largest U.S. Manufacturing Companies (Industry Week)

One of 1,000 World’s Biggest Manufacturers (Industry Week)

No. 1 Converter – Flexible Packaging’sTop 25 Converters

BEMIS COMPANY, INC.Neenah, Wisconsin 54957

www.bemis.com

Documents

Bemis Company, Inc. 2014 Corporate Responsibility · PDF fileLondrina Flexibles North America: Bemis Graphics Europe: Elsham Europe: Valkeakoski North America: Oshkosh, WI (BSF) North