Amcor AmFiber™ paper-based packaging receives European patent
Rhea-AI Summary
Amcor (NYSE: AMCR) has secured a European patent for its AmFiber™ Performance Paper, a high-barrier paper-based packaging solution. The patent recognizes the product's innovative barrier materials and patterned sealable material, which provides unique functional attributes for food- and healthcare-grade packaging. The AmFiber portfolio, currently available globally, is suitable for various applications including snacks, beverages, meat, dairy, and personal care products. The solution offers recyclability and high-speed customer line performance, supporting Amcor's commitment to sustainable packaging solutions and circular economy initiatives.
Positive
- Patent grant strengthens intellectual property portfolio and competitive position in sustainable packaging
- Product already commercialized and available globally across multiple market segments
- Technology supports recyclability while maintaining high-performance characteristics
Negative
- None.
News Market Reaction
On the day this news was published, AMC gained 5.15%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The European patent recognizes AmFiber Performance Paper's innovative barrier materials and patterned sealable material, which provides a unique combination of functional attributes for paper-based packaging.
Currently on store shelves across the globe, the AmFiber portfolio is suitable for a wide range of applications including snacks and confectionary, dry culinary and beverage, meat, dairy, home and personal care and more.
"With its superior barrier properties, high performance and excellent runnability, AmFiber Performance Paper is an ideal choice for brands across the globe seeking recyclable paper-based packaging solutions," said Ilya Syshchikov, vice president of Amcor's Global Product Management AmFiber. He added, "Receiving the European patent is acknowledgment of Amcor's leadership in paper-based packaging development and is an important step toward creating a circular economy."
Amcor is committed to delivering packaging innovation and more sustainable solutions across a variety of materials. Learn more about Amcor's AmFiber paper-based solutions and read its 2024 Sustainability Report for details on Amcor's commitment to circularity.
About Amcor
Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated
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SOURCE Amcor
FAQ
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