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    AMCR   JE00BJ1F3079

AMCOR PLC

(AMCR)
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Delayed Nyse  -  04:00 2022-12-01 pm EST
12.38 USD   +0.24%
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Amcor : introduces DairySeal™ featuring ClearCor™, a more sustainable packaging line for the ready-to-drink dairy market

09/23/2022 | 10:11am EST

• Can be made with up to 80 percent recyclable material
• New barrier technology maintains superior taste and freshness
• Allows brands to easily expand into e-commerce and convenience store distribution channels

Ann Arbor, Mich., Sept. 23, 2022 - Amcor Rigid Packaging (ARP) introduces the DairySeal™ line of packaging that features ClearCor™, an advanced polyethylene terephthalate (PET) barrier. With the introduction of DairySeal, the exploding nutritional, dairy alternatives, and ready-to-drink (RTD) market will now have a more sustainable packaging option that can be leveraged across all retail channels.

The ClearCor PET barrier technology is a concentrated capsulation in the center of the preform that allows more flexibility and resin options. This technology positively impacts the overall performance of the barrier in the packaging and maintains recyclability. The DairySeal line of packaging can be made with up to 80 percent of recyclable material while maintaining superior taste and performance for the brand.

"PET is the most recycled plastic in the world, with more than 1.8 billion pounds of used PET bottles and containers recovered in the U.S. each year alone," notes Greg Rosati, Amcor Rigid Packaging vice-president of marketing & sales for specialty containers. "With the development of our DairySeal line, we are able to offer PET packaging that helps improve sustainability for brands in the dairy alternatives, nutritional drinks, and ready-to-drink coffee space. In doing so, Amcor Rigid Packaging is bringing this packaging, and its significant environmental and commercial benefits, to market."

Along with providing more sustainable benefits, DairySeal maintains its physical integrity during shipment; allows for customizable design while meeting shelf requirements; and is designed to help improve overall consumer satisfaction in a highly competitive landscape. The DairySeal line is currently available in 8 oz, 11 oz, 12 oz and 14 oz stock options, with additional sizes and shapes planned for future stock demand.

"A superior dairy product deserves superior packaging. The DairySeal line in PET offers brands easy access to e-commerce and convenience store distribution channels, where refrigerated shelf space is designed for round, rigid plastic bottles," notes Greg Rosati, Amcor Rigid Packaging vice-president of marketing & sales for specialty containers. "When considering that PET significant environmental advantages, the DairySeal line will help drive a circular economy where brands, consumers and the environment all benefit."

The attributes of PET is reinforced by a report from McKinsey & Company, the Climate Impact of Plastics, which found that PET bottles have the lowest emissions because of their lightweight properties and the low amount of energy required to produce them. By contrast, aluminum cans produce twice the emissions of PET bottles, and emissions from glass bottles are three times higher. Additionally, a recent study conducted by the by the National Association for PET Container Resources found the impact of a PET bottle on global warming, smog, acid rain and water usage was far less than its glass bottle or aluminum can counterpart.

To learn more about stock solutions, please contact arpna_sales_info@Amcor.com or click here.

ARP is exhibiting at the 2022 Natural Products Expo, September 27 - October 1, at booth 2742. Brands and members of media in attendance are encouraged to stop by and learn more about the DairySeal line of packaging that features ClearCor technology.

About Amcor
Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly lighter weight, recyclable, and reusable, and made using an increasing amount of recycled content. In fiscal year 2022, 44,000 Amcor people generated $15 billion in annual sales from operations that span 220 locations in 43 countries. NYSE: AMCR; ASX: AMC

Disclaimer

Amcor plc published this content on 23 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 14:10:02 UTC.


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Financials (USD)
Sales 2023 14 978 M - -
Net income 2023 1 015 M - -
Net Debt 2023 6 011 M - -
P/E ratio 2023 17,9x
Yield 2023 3,93%
Capitalization 18 071 M 18 071 M -
EV / Sales 2023 1,61x
EV / Sales 2024 1,59x
Nbr of Employees 44 000
Free-Float 98,8%
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Last Close Price 12,35 $
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Spread / Average Target -1,75%
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Managers and Directors
Ronald Stephen Delia Director
Michael John Casamento Executive Vice President-Finance
Graeme Richard Liebelt Chairman
William E. Jackson Chief Technology Officer
Armin Meyer Deputy Chairman
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