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    AMC   AU000000AMC4

AMCOR PLC

(AMC)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/23
16.13 AUD   -0.62%
09/23AMCOR : Packaging solutions for a changing world
PU
09/20BROCHURE : AmPrima™ recycle ready solutions for cold seal flow wrap
PU
09/20INSIDER SELL : Amcor
MT
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Amcor : commercial partnership to bring compostable packaging to ANZ

07/27/2021 | 07:43pm EDT

Under the new partnership, Amcor will collaborate with TIPA to locally manufacture, supply, and distribute their trademarked and certified compostable solutions in ANZ. The packaging produced by this partnership will be compostable either at home or via municipal collection.

The new high-performance compostable films and laminate offerings complement Amcor's existing compostable range, Nature+, enabling new solutions for bakery, meat and fresh produce customers.

Performing like conventional plastic, the compostable films and laminates can be disposed of using existing composting infrastructure, decomposing back into soil like organic waste, and are all certified either 'home compostable' and 'compostable' according to industry-wide standards.

Simon Roy, Vice President and General Manager, Amcor Flexibles Australia & New Zealand commented 'We are constantly looking at new ways to bring innovative sustainable solutions to ANZ, ensuring all our packaging is recyclable, reusable or compostable by 2025. Whilst compostable packaging will never be the whole answer, we are working with TIPA to understand and evaluate its use in particular packaging segments.'

Michael Hanratty, VP of Strategic Operations & Business Development at TIPA 'We are very excited to be working with Amcor to take this major step forward together, enabling our compostable solutions to be made available in Australia and New Zealand.'

To learn more about Amcor's collaborations to increase recycling rates, visit our sustainability partnerships page.

Disclaimer

Amcor plc published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2021 23:42:03 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2022 13 264 M - -
Net income 2022 1 102 M - -
Net Debt 2022 5 406 M - -
P/E ratio 2022 16,5x
Yield 2022 4,17%
Capitalization 18 003 M 17 998 M -
EV / Sales 2022 1,76x
EV / Sales 2023 1,73x
Nbr of Employees 46 000
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 11,77 $
Average target price 12,85 $
Spread / Average Target 9,19%
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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