Welcome to our dedicated page for Amcor Plc news (Ticker: AMCR), a resource for investors and traders seeking the latest updates and insights on Amcor Plc stock.
Amcor plc (NYSE: AMCR; ASX: AMC) regularly publishes news and announcements related to its global packaging business for consumer and healthcare products. The company’s updates cover its activities in flexible and rigid packaging, cartons, closures and consumer packaging and dispensing solutions across categories such as food, beverage, pharmaceutical, medical, home and personal care, nutrition, health, beauty and wellness.
News about Amcor often includes financial results and outlooks, such as quarterly and full-year earnings releases where the company discusses segment performance in its Global Flexible Packaging Solutions and Global Rigid Packaging Solutions businesses, as well as commentary on volume trends, margins and synergy realization following the acquisition of Berry Global Group, Inc.
Investors and observers can also find announcements on corporate actions and capital structure, including disclosures about an all-stock acquisition of Berry Global, registered exchange offers for guaranteed senior notes, and the approval and implementation plans for a 1-for-5 reverse stock split of Amcor’s ordinary shares and CHESS Depositary Interests.
Operational and innovation-focused news highlights Amcor’s work on responsible and more sustainable packaging, including initiatives such as Amcor Lift-Off, which invites start-ups to collaborate on solutions for compostable substrates, barriers and other sustainability challenges. The company also reports on specific customer collaborations aimed at reducing material use and increasing recycled content in packaging.
Governance and leadership updates, such as appointments to senior management roles and information about upcoming earnings calls and webcasts, are also part of Amcor’s news flow. Readers who follow AMCR news can use this page to review these types of announcements and track how Amcor describes its strategy, integration progress, sustainability initiatives and shareholder-related developments over time.
Amcor (NYSE: AMCR) announced a partnership with Michigan State University's (MSU) School of Packaging, marking a historic investment of $10 million, the largest in the university's College of Agriculture and Natural Resources. This funding aims to enhance academic standards, modernize facilities, and create an Endowed Chair of Packaging Sustainability. CEO Ron Delia emphasized that this investment will cultivate talent in responsible packaging solutions. The initiative aligns with Amcor's strategy to innovate and improve recycling and efficiency in packaging.
Amcor supports the U.S. Plastics Pact's Roadmap to 2025, aiming for a circular economy in plastics. The roadmap outlines four key targets for 2025: defining problematic packaging by 2021, ensuring all plastic packaging is reusable, recyclable or compostable, recycling or composting 50% of plastic packaging, and achieving an average of 30% recycled content in packaging. This initiative seeks collaboration across the value chain to address plastic waste effectively.
Amcor reported a strong performance for the nine months ended March 31, 2021, achieving a GAAP net income of $684 million, marking a 58% increase and an EPS of 43.8 cents. Adjusted EPS rose to 51.5 cents, up 16% on a constant currency basis, with Adjusted EBIT reaching $1,144 million (9% growth). The company realized $55 million in cost synergies from the Bemis acquisition to date, aiming for $70 million by FY21 and over $180 million by FY22. A quarterly dividend of 11.75 cents per share was declared, up from last year, and the adjusted EPS growth outlook for FY21 was raised to 14-15%.
Amcor has announced customer trials for AmSky™, the world’s first recyclable Polyethylene-based thermoform blister packaging, aimed at the pharmaceutical sector. This innovation significantly reduces the carbon footprint by up to 70% compared to existing alternatives and eliminates PVC, simplifying recycling. Anticipated to launch in healthcare by the second half of 2022, AmSky™ underscores Amcor's commitment to sustainability and innovation in packaging. The company generates nearly $2 billion in annual sales within the healthcare market.
Amcor Flexibles Asia Pacific has chosen GEP SMART, a leading procurement software platform, to enhance its procurement processes following a competitive selection. This decision aims to leverage GEP SMART's Spend Analysis Software to identify cost-saving opportunities across Asia Pacific, ultimately driving greater organizational value. GEP SMART is a cloud-native, AI-driven platform designed to improve efficiency and reduce costs in procurement and purchasing functions. Amcor is a global leader in responsible packaging, generating US$12.5 billion in sales, with operations in over 40 countries.
Amcor plc (NYSE: AMCR) will announce its year-to-date results for the nine months ended March 31, 2021, on May 4, 2021, after US market close. A conference call and webcast will follow at 5:30 PM EDT. Investors can join using toll-free numbers based on their location, including 866 211 4133 for US and Canada and 1800 287 011 for Australia. Access to the webcast and supporting materials will be available at Amcor's investor website, with a replay provided after the call.
Amcor (NYSE: AMCR) has announced a strategic investment of $10 to $15 million in ePac Flexible Packaging, a leader in short-run digital printing for flexible packaging. This investment includes a minority stake in ePac Holdings LLC and funding for additional sites. ePac, operational at 18 locations and expanding to 5 more, generates approximately $100 million in annual revenues, primarily serving small to medium-sized consumer goods companies. This venture marks Amcor's first corporate investment aimed at leveraging innovative technologies and models in the flexible packaging sector.
Amcor has collaborated with several companies to launch Australia's first soft plastic food wrapper made from recycled content. This joint effort aims to tackle the challenges of plastic waste by promoting a circular economy. The prototype is a KitKat wrapper, showcasing advanced recycling technology to convert soft plastic waste back into oil. The initiative aligns with Amcor's commitment to make all packaging recyclable or reusable by 2025, reflecting a strong consumer demand for sustainable packaging solutions.
Amcor has joined the Alliance to End Plastic Waste at the Executive Committee level, reinforcing its commitment to sustainability. This partnership aligns with Amcor's 2025 Sustainability Pledge to ensure all its packaging is recyclable or reusable by 2025. CEO Ron Delia emphasizes the necessity of collaboration for effective waste management and recycling. The Alliance comprises 57 member companies committed to tackling plastic waste through innovative projects. Amcor's initiatives include partnerships in Latin America and ongoing efforts in Indonesia, aiming to enhance recycling and waste treatment.
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