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    AMC   AU000000AMC4

AMCOR PLC

(AMC)
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End-of-day quote. End-of-day quote Australian Stock Exchange - 09/21
16.33 AUD   -0.24%
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Amcor : advances sustainability commitments with installation of new blown-film production line

06/24/2021 EDT
Amcor advances sustainability commitments with installation of new blown-film production line

General Announcements

June 24, 2021
  • Line produces Amcor's recently launched proprietary AmPrima™ PE Plus ultra-clear and heat resistance films
  • AmPrima products enable customers to shift to recycle-ready solutions toward sustainability goals

OSHKOSH, Wis. - Amcor's Flexibles North America business today announced the installation of a seven-layer blown film line.

Amcor's new machine will produce the company's recently launched proprietary AmPrima™ PE Plus ultra-clear and heat resistance films. The AmPrima line uses machine-direction orientation technology to produce films that can run at speeds that competitors are unable to match in a recycle-ready solution.

These films enable customers to shift to recycle-ready solutions without compromise on performance, product appearance or manufacturing throughput. AmPrima is part of Amcor's growing portfolio of responsible packaging solutions. In the U.S., when clean and dry, AmPrima can be collected for recycling curbside where available or through existing in-store drop-off locations. These solutions also are prequalified for the How2Recycle® label, which saves customers time, cost and reduces risk in development.

The AmPrima line represents another meaningful step forward against Amcor's effort to make all its products recyclable or reusable by 2025. Amcor continues to enhance its leadership position in responsible packaging solutions with a keen focus on addressing end-of-life and reducing waste in the environment.

'This move enhances our ability to grow our AmPrima product line,' said AFNA President Fred Stephan. 'The integration of this technology is an important example of how we're leaning into our commitment to satisfy customer demand for more sustainable solutions.'

Production teams at Amcor Flexibles North America (AFNA) Oshkosh Converter Films have completed first runs on the new AmPrima line. Amcor expects full production capability by the end of June.

Media Contact
Mark Hein, Director, Corporate Communications
Amcor Flexibles North America
P: +1-224-283-4421 | mark.hein@amcor.com

About Amcor
Amcor is a global leader in developing and producing responsible packaging 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 light-weighted, recyclable and reusable, and made using an increasing amount of recycled content. Around 47,000 Amcor people generate US$12.5 billion in sales from operations that span about 230 locations in 40-plus countries. NYSE: AMCR; ASX: AMC
www.amcor.com | LinkedIn | Facebook | Twitter | YouTube

Disclaimer

Amcor plc published this content on 24 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 13:59:05 UTC.


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Sales 2022 13 170 M - -
Net income 2022 1 102 M - -
Net Debt 2022 5 436 M - -
P/E ratio 2022 16,6x
Yield 2022 4,16%
Capitalization 18 051 M 18 049 M -
EV / Sales 2022 1,78x
EV / Sales 2023 1,75x
Nbr of Employees 46 000
Free-Float -
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Number of Analysts 11
Last Close Price 11,80 $
Average target price 12,86 $
Spread / Average Target 8,94%
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Managers and Directors
Ronald Stephen Delia Chief Executive Officer, Director & MD
Michael John Casamento Chief Financial Officer & Executive VP-Finance
Graeme Richard Liebelt Chairman
Armin Meyer Deputy Chairman
Karen Jane Guerra Independent Non-Executive Director