Institute of Beer, American Beverages, Consumer Brands
WASHINGTON, July 22, 2021 (GLOBE NEWSWIRE) – Trade associations representing some of the major industries and employers in the United States today congratulated Senators Tammy Baldwin (D-WI) and Tom Cotton (R-AR) for reintroducing the Aluminum Price Review Act (APEX), bipartisan legislation that would bring transparency to aluminum price reporting and provide stability for American workers and job creators. The legislation is identical to HR 2698, bipartite legislation introduced to the House of Representatives in April.
“We commend Senators Baldwin and Cotton for their work in ensuring that aluminum costs reflect market fundamentals,” said Jim McGreevy, President and CEO of the Beer Institute. “The APEX law is a common sense proposition that will provide the transparency essential to the pricing of aluminum. Aluminum is the most expensive commodity for brewers, and the beer industry supports more than 2 million jobs in the United States. This legislation is essential for our country’s brewers to continue to create well-paying jobs and to invest in their operations.
The COVID-19 pandemic caused significant job losses in the U.S. brewing industry in 2020, resulting in the loss of more than 568,000 jobs that the brewing industry supports. Restoring confidence in the metals market will ultimately benefit American workers and the American economy as a whole, including the millions of American consumers who buy aluminum products every day.
“America’s beverage companies are proud to support jobs in communities across the country,” said Katherine Lugar, President and CEO of the American Beverage Association. “We applaud the bipartisan leadership of Senators Baldwin and Cotton in bringing transparency, increased oversight and more certainty to a complicated metal pricing system that will ultimately benefit American workers and consumers.”
Almost a third of all non-alcoholic beverages are packaged in aluminum cans, and more than 74% of all beers produced and sold in the United States are packaged in aluminum cans and bottles. Aluminum used in cans is the most important cost in the manufacture of beverages and beer in the United States.
According to a recent Harbor Aluminum report, from March 2018 to December 2020, Section 232 tariffs cost the U.S. beverage industries an additional $ 848.6 million. Tariffs have created significant costs for end users of aluminum, and these costs are only magnified by the problem inherent in the current price structure of premium aluminum. When tariffs are coupled with the effects of the pandemic, American businesses face huge costs, and American jobs and future investments are put at risk.
“As manufacturers face cost increases at every link in their supply chains, there could not be a more important time for this legislation.” said Geoff Freeman, President and CEO of the Consumer Brands Association. “The APEX Act will bring more certainty and transparency to the consumer packaged goods industry – which depends on aluminum to manufacture and package everything from aluminum foil to cans – and allow the CPG industry to continue.” to provide essential goods to the American people. We thank Senators Baldwin and Cotton for their leadership on this critical issue.
Aluminum boats, for example, account for over 40% of new boat sales each year and account for around $ 3 billion in retail sales. An estimated 22,000 US jobs depend on the aluminum sector of the marine industry, which has seen its aluminum prices soar, even for domestically produced aluminum. In addition, marine builders are suffering not only from inflated prices due to the $ 232 tariffs, but also retaliatory European Union tariffs on American-made boats and engines that have reduced US exports to the EU by 42%.
“From rising costs of critical raw materials to choking exports to our major international markets, Section 232 tariffs on aluminum and steel have created a myriad of unintended consequences for boat builders. Americans, ”he added. said Frank Hugelmeyer, president of the National Marine Manufacturers Association. “We thank Senators Baldwin and Cotton for taking over and encourage every Senator to support this critical step. “
Aluminum is also an essential component of flexible packaging, not only to maintain product freshness and safety, but also to provide rigidity, integrity and sterility to the packaging. Aluminum foil is used in flexible packaging for many products that consumers buy every day, whether in grocery stores, pet stores, retail stores or drugstores, as it is used for a variety of purposes including food, drink, and medical and medical care. pharmaceutical applications. Products in flexible packaging are also found in doctors’ offices, hospitals and restaurants. When it comes to packaging for medical devices, food and pharmaceuticals, quality is everything – literally a matter of life and death.
“Fine gauge aluminum foil is required for barrier protection and sterility in a multitude of flexible food, pharmaceutical and medical device packaging, and it is not available in the United States in terms of quantity or quality. Midwest Premium, in addition to the current tariffs and duties on out-of-country sheet, leaves US processors vulnerable to competition from overseas suppliers of finished products. In fact, these additional costs only harm the customers of aluminum manufacturers and can destroy the very market they seek to protect ”, said Alison Keane, President and CEO of the Flexible Packaging Association.
This bill is similar to S. 1953, bipartite and bicameral legislation presented to the 116th Congress.
About the Beer Institute
The Beer Institute is a national trade association for the American brewing industry, representing brewers of all sizes, as well as beer importers and suppliers to the industry. First founded in 1862 as the US Brewers Association, the Beer Institute today is committed to the development of sound public policy and the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website, follow @BeerInstitute on Twitter, like the Beer Institute on Facebook, and follow the Beer Institute on Instagram.
About American drinks
American Beverage is the national trade organization representing the broad spectrum of companies that manufacture and distribute non-alcoholic beverages in the United States. Our member companies directly employ nearly a quarter of a million people and have a direct economic impact of $ 169.7 billion. For more information, please visit www.balanceus.org and http://www.ameribev.org/.
About the Consumer Brands Association
The Consumer Brands Association champions the industry that Americans depend on every day, representing nearly 2,000 iconic brands. From household and personal care products to food and beverage products, the consumer packaged goods industry plays a vital role in fueling the U.S. economy, contributing $ 2 trillion to U.S. GDP and supporting more than 20 million American jobs.
About the National Marine Manufacturers Association
The National Marine Manufacturers Association (NMMA) is dedicated to defending and promoting the strength of marine manufacturing, its members’ sales and service networks, and the nautical lifestyle. NMMA is the country’s leading trade association representing manufacturers of boats, marine engines and accessories. Collectively, NMMA members manufacture approximately 80 percent of the marine products used in North America. The NMMA is a unifying force and a powerful voice for the boating industry, working to strengthen and develop boating and protect the interests of its member companies. For more information, please visit www.nmma.org
About the Flexible Packaging Association
The Flexible Packaging Association is the voice of America’s flexible packaging manufacturers and their suppliers. The association’s mission is to connect, advance and lead the flexible packaging industry. Flexible packaging accounts for more than $ 33 billion in annual sales in the United States and is the second largest and one of the fastest growing segments of the packaging industry. Flexible packaging is made from paper, plastic, film, foil, or any combination of these materials, and includes bags, sleeves, labels, liners, wrappers, rolls and more. ‘other flexible products. Learn more at www.flexpack.org and www.perfectpackaging.org.