Amcor CEO addresses need for "industry-changing innovation" at MSU's School of Packaging event

Rhea-AI Summary

Amcor (NYSE: AMCR) announced a $10 million investment in Michigan State University's School of Packaging, aimed at modernizing facilities and establishing an Endowed Chair of Packaging Sustainability. This initiative was celebrated on April 20, 2022, during a ground-breaking event with industry leaders and university faculty. Amcor's CEO, Ron Delia, highlighted the collaboration's potential to foster industry innovations that train future talent. The investment aligns with Amcor's commitment to responsible packaging and includes plans for expanding its global innovation network.

Positive

• Investment of $10 million in MSU's packaging program.
• Establishment of an Endowed Chair of Packaging Sustainability.
• Collaboration aimed at fostering industry innovations and training future talent.

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• None.

School of Packaging breaks ground on new, state-of-the art facilities

CHICAGO, April 20, 2022 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, participated yesterday with Michigan State University donors, industry leaders and faculty to celebrate the ground-breaking event on the modernization of the university's School of Packaging. Amcor is partnering with MSU and investing $10 million toward the packaging program, including the establishment of an Endowed Chair of Packaging Sustainability.

"Our collaboration offers the chance to support some of the brightest minds and future talent to help spark industry-changing innovations. Amcor is investing in the growth, training and education of those at MSU through these best-in-class facilities, so that together we can establish a legacy of industry leaders and innovation for generations to come," said Amcor's CEO Ron Delia in addressing the crowd.

The investment in MSU is one of many ways Amcor is actively advancing responsible packaging and award-winning innovation. Earlier this month, Amcor Lift-Off was announced: an open-call initiative aimed at supporting seed stage start-ups that are focused on innovative packaging solutions and related technologies. In addition, Amcor is expanding in China and Belgium its global innovation network, as well as expanding the capabilities of its U.S. facility.

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  I  LinkedIn  I  Facebook  I  Twitter  I  YouTube

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SOURCE Amcor

FAQ

What is the significance of Amcor's $10 million investment in Michigan State University?

Amcor's $10 million investment is aimed at modernizing the School of Packaging facilities and establishing an Endowed Chair of Packaging Sustainability, enhancing education and innovation in packaging.

When was the ground-breaking event for the new facilities at Michigan State University?

The ground-breaking event for the new facilities at Michigan State University took place on April 20, 2022.

Who addressed the crowd at the MSU ground-breaking event?

Amcor's CEO, Ron Delia, addressed the crowd at the MSU ground-breaking event.

How does Amcor's investment align with its business goals?

Amcor's investment aligns with its goals by advancing responsible packaging initiatives and supporting the training of future industry leaders.