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Benzinga
Benzinga
Business
Shivani Kumaresan

Amcor Unveils New Platform For Paper-Based Packaging

Amcor AMCR Amcor PLC Europe NYSE
  • Amcor PLC (NYSE:AMCR) has launched a new platform of paper-based packaging products called AmFiber.
  • AmFiber aims to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits.
  • The first AmFiber product launch in 2022 will provide snacks and confectionery customers in Europe with a widely recyclable package, delivering a high barrier from oxygen and moisture.
  • Amcor will gradually extend its new paper-based offerings into broader applications such as coffee, drink powders, seasoning, and soups.
  • Price Action: AMCR shares are trading higher by 1.93% at $11.99 on the last check Thursday.
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