Welcome to our dedicated page for Berry Global Group news (Ticker: BERY), a resource for investors and traders seeking the latest updates and insights on Berry Global Group stock.
Berry Global Group, Inc. (NYSE: BERY) is a leading global manufacturer of plastic packaging products and protection materials. Serving a diverse range of markets, including food, beverage, personal care, household chemicals, healthcare, and industrial, Berry Global caters to over 15,000 customers, including some of the world’s largest consumer packaged goods (CPG) manufacturers. The company's strategic international expansion aims to fulfill the growing global market demands.
The company operates through four primary business segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene, and Specialties. Berry Global primarily utilizes plastic resin as its raw material, sourced from various suppliers.
The acquisition of RPC has bolstered the Consumer Packaging International segment, expanding Berry’s geographical footprint and boosting its revenue. This segment includes products such as closures, dispensing systems, pharmaceutical devices, packaging, bottles, canisters, polythene films, recycling, containers, and technical components.
Berry Global's impressive growth is underscored by its extensive network of 119 global manufacturing locations across 17 countries and a workforce of over 21,000 employees. The company's history of strategic acquisitions has significantly bolstered its market presence and technological capabilities.
In recent developments, Berry Global acquired F&S Tool, a North American leader in precision injection molding tools. This move aims to strengthen Berry's global tooling capabilities, bringing in proprietary technologies and manufacturing excellence.
Berry Global continues to innovate and expand, focusing on sustainable growth and maintaining a leading position in the plastic packaging industry. Stay updated with the latest news and developments about Berry Global Group, Inc. to understand its market performance and strategic initiatives.
Berry Global Group, Inc. (NYSE: BERY) is set to develop an International Center of Excellence and Circular Innovation Hub in Barcelona, Spain by Q3 2023. This initiative aims to provide international customers access to innovative, circular products while fostering sustainable packaging solutions.
The center will create job opportunities, enhance collaboration, and support Berry’s commitment to diversity by hiring local talent. It will facilitate R&D, focusing on recycled content, waste minimization, and improved recyclability.
The new hub will be strategically located near Barcelona’s international airport, promoting global collaboration.
Berry Global Group, Inc. (NYSE: BERY) is expanding its stretch film manufacturing facility in Lewisburg, Tennessee by 25,000 square feet, aiming for completion by early 2024. This expansion will support increased production capacity for sustainable stretch films by adding three new cast lines and upgrading the existing reprocessing system. The project will create ten new jobs and enhance Berry's capability to meet growing customer demand for innovative film solutions that contribute to a circular economy. The first new cast line will add 20 million pounds of capacity for ultra-high-performance films, with plans for two additional lines. Berry's offerings include Transcend™ and Stratos™ films, designed to minimize virgin plastic use while ensuring strong load containment during transport.
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