Exco focuses on environmental sustainability by making responsible use of natural resources and eliminating/ reducing the negative impact of emissions, waste generation, energy and water consumption. In this regard, several of Exco’s businesses have achieved ISO 14001 certification, the international standard that specifies requirements for an effective environmental management system. More broadly, Exco remains focused on employing lean manufacturing principles across our operations to reduce and eliminate waste while also making substantial investments in new, energy efficient equipment. In order to minimize our environmental footprint, we also utilize recycled material and incorporate a material recycling process into our facilities, where possible. In one of our facilities this has brought waste down below 2%, diverting over 8,500,000 plastic bottles from landfills annually. Technological advancements are used to reduce our environmental footprint. Such examples include software to manage our energy consumption towards off-peak hours and the adoption of additive manufacturing, which significantly reduces the use of steel, energy and transportation costs. Exco’s operations are not major greenhouse gas emitters.
Several of the industries we serve also generally promote energy conservation. In our Casting and Extrusion segment, our tools are used to shape lightweight metals for use in the automotive industry. Aluminum, magnesium and other similar metals are increasingly being used by global OEM’s to reduce the weight of vehicles in response to reduced Government emission requirements and to meet customer demands. In our Automotive Solutions segment, the products we produce are generally lighter in weight than the products they aim to displace. These attributes present significant growth opportunity for Exco while also providing the ability for the company to contribute to lower emissions generally.