Amcor Launches New Platform for Paper-Based Packaging

Rhea-AI Summary

Amcor has launched a new line of AmFiber paper-based packaging products aimed at enhancing traditional packaging capabilities. This innovation emphasizes recyclability and functionality, catering to consumer needs. The initial product targeting snacks and confectionery is expected to debut in 2022 in Europe, with plans to expand into various regions and applications such as coffee and soups. This initiative aligns with Amcor's sustainability commitment to make all packaging recyclable or reusable by 2025.

Positive

• Launch of AmFiber paper-based packaging line enhancing product differentiation.
• Initial rollout in 2022 targets snacks and confectionery markets in Europe, expanding to coffee and soups.

Negative

• None.

AmFiber^TM products offer customer high performance and differentiation across multiple applications

ZURICH--(BUSINESS WIRE)-- Amcor (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today launched a new platform of paper-based packaging products: AmFiber^TM. AmFiber innovations aim to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits to meet the changing needs of consumers.

Amcor's new AmFiber product is a widely recyclable package for snacks, candy, coffee, drink powders, seasoning and soups that delivers a high barrier from oxygen and moisture. (Photo: Business Wire)

Ron Delia, Amcor CEO said: “Amcor’s long-term experience in paper and carton packaging was the basis for launching the AmFiber platform. Amcor has a proven history of delivering ground-breaking innovation to support our customers’ growth aspirations. This family of differentiated paper-based products builds on Amcor’s extensive track record across multiple materials and applications.”

The AmFiber platform demonstrates Amcor’s consumer-centric and adaptable approach to innovation which provides customers the best in packaging technology using the materials most suited to their needs.

The first AmFiber product launch in 2022 will be an innovative solution tailored to provide snacks and confectionery customers in Europe a widely recyclable package that delivers a high barrier from oxygen and moisture.

Amcor will gradually extend its new paper-based offerings into a wide variety of applications such as coffee, drink powders, seasoning and soups as well as into the Americas and Asia-Pacific regions. AmFiber innovations will join other Amcor paper-based products introduced recently, including solutions for butter and margarine in Latin America, for cheese in Europe and for confectionery in Australia.

The introduction of the AmFiber platform coincides with the four-year anniversary of Amcor’s 2025 pledge to develop all of its packaging to be recyclable or reusable and to increase the use of recycled content.

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

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220126006040/en/

Clifton O'Neal

224-313-7111

clifton.oneal@amcor.com

Source: Amcor

FAQ

What is the AmFiber platform launched by Amcor?

The AmFiber platform is a new line of paper-based packaging products that offers enhanced features and recyclability.

When will Amcor's AmFiber products be available?

The first AmFiber product is expected to launch in 2022.

Where will Amcor initially launch the AmFiber products?

Amcor will initially launch the AmFiber products in Europe.

What sustainability goal is Amcor aiming for by 2025?

Amcor aims for all its packaging to be recyclable or reusable by 2025.

What types of products can AmFiber packaging be used for?

AmFiber packaging can be used for snacks, candy, coffee, drink powders, and soups.