Amcor plc Ordinary Shares - AMCR STOCK NEWS

Amcor (NYSE: AMCR) announced plans to invest $35 million in two new innovation centers in Ghent, Belgium, and Jiangyin, China. Set to open mid-2022, these facilities aim to enhance Amcor's global innovation network, allowing clients to utilize advanced material science and packaging development. Features will include immersive customer experience spaces, analytical labs, and pilot manufacturing equipment. The company maintains a commitment to sustainable packaging and invests over $100 million annually in research and development.

Amcor has launched a new proprietary healthcare lidding technology designed for combination products, encompassing devices and drugs. This patented inert film withstands heat sterilization and prevents drug uptake, enhancing product integrity and usability. The technology is the result of collaboration with Johnson & Johnson Vision and aims to improve packaging solutions for active pharmaceutical ingredients. With 47,000 employees and $12.5 billion in sales, Amcor continues to expand its innovative healthcare offerings.

Amcor plc (NYSE: AMCR) will release its fiscal year results for the period ended June 30, 2021, on August 17, 2021, after the U.S. market closes. The company will host a conference call at 5:30 PM EDT on the same day to discuss these results. Investors can access the call via various international dial-in numbers. Furthermore, a webcast and supporting materials will be available on Amcor's investor website, with a replay accessible post-call.

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.