Welcome to our dedicated page for Amcor news (Ticker: AMCR), a resource for investors and traders seeking the latest updates and insights on Amcor stock.
Amcor plc develops and produces consumer packaging and dispensing solutions for nutrition, health, beauty and wellness markets. Company news commonly covers quarterly results and guidance, integration and synergy updates following the Berry acquisition, portfolio optimization actions, and investments in manufacturing and testing capabilities.
Updates also describe Amcor's flexible packaging, rigid packaging, cartons and closures businesses, including healthcare packaging capacity, certification of laboratory testing capabilities in China, and regional production expansions serving customers across global packaging markets.
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Amcor (NYSE: AMCR) has announced a strategic investment of up to $45 million in ePac Flexible Packaging, increasing its minority stake. This move reflects Amcor's confidence in ePac's rapidly scalable, digital packaging model catering to small and medium-sized customers. ePac has experienced over 600% annual revenue growth in three years, now exceeding a run rate of $200 million, with 25 global sites offering advanced digital printing services. Amcor aims to leverage this partnership to enhance personalized, connected, and sustainable packaging solutions.
Amcor, a leader in sustainable packaging solutions, has launched its Amcor Lift-Off initiative, offering $250,000 investments to two innovative start-ups: Bloom Biorenewables Ltd and Nfinite Nanotechnology. This initiative aims to enhance sustainable packaging through advanced technologies. Bloom focuses on converting plant waste into biodegradable polyester, while Nfinite specializes in eco-friendly nanocoatings. Both companies will benefit from Amcor's R&D resources, with the goal of driving sustainability and addressing challenges in the packaging industry.
Amcor (NYSE: AMCR) recently inaugurated its latest Innovation Center in Jiangyin, China, aimed at enhancing sustainable packaging solutions in the Asia Pacific region. This facility will streamline collaboration with customers to bring innovative packaging ideas to life, leveraging advanced materials science and analytical labs. Notable programs at the center include the Catalyst™ program for co-innovation, an Ideation and Prototyping Lab for rapid product development, and an Applications Lab for efficient testing. Amcor continues to focus on responsible packaging to drive growth and innovation.
Amcor has successfully completed the acquisition of a flexible packaging plant in the Czech Republic, enhancing its capacity to meet rising customer demands in Europe, particularly in the coffee and pet food segments. This strategically located facility is expected to accelerate the company's growth momentum and offers scalable operations to establish a robust production hub. The acquisition aligns with Amcor's commitment to providing responsible packaging solutions and aims to generate strong returns for shareholders.
Amcor reported a strong fiscal 2022 with net sales of $14,544 million, up 13%, and GAAP net income of $805 million. The adjusted EPS reached 80.5 cents, an 11% increase on a comparable constant currency basis. For fiscal 2023, the company expects adjusted EPS growth of 3-8% despite a 4% adverse impact from higher interest expenses and a 2% impact from selling Russian operations, projected to generate $1.0-$1.1 billion in adjusted free cash flow. The dividend increased to 48 cents with $600 million in shares repurchased.
Amcor plc (NYSE: AMCR) is set to announce its full-year results for the period ending June 30, 2022, after the US market closes on August 17, 2022. A conference call to discuss these results will be held at 5:30 PM EDT on the same day. Participants can join via dial-in numbers depending on their region. Access to the webcast and related materials will be available on Amcor's investor website and a replay will follow the event.
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On July 21, 2022, Amcor (NYSE: AMCR) received notable recognition for its sustainable packaging innovations. The company won a silver award at the 2022 Australasian Packaging Innovation and Design Awards and was listed as a 2022 Sustainability Leader in the Australian Financial Review. Achievements include over 85% of products converted to recycle-ready formats and a significant contribution to Nestle's KitKat packaging. Amcor invests over $100 million annually in research and development, reinforcing its commitment to sustainability and innovation.
Amcor (NYSE: AMCR) has launched the next phase of its Amcor Lift-Off initiative, aimed at investing in start-ups with innovative and sustainable packaging solutions. Over 100 start-ups submitted proposals, with eight finalists competing for funding and resources. These finalists focus on technologies like nano materials, biomaterials, and recycling processes. Ultimately, selected start-ups may receive up to $250,000 in funding, along with R&D support. This initiative highlights Amcor's commitment to sustainability and innovation in packaging.