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  • Today

      Show headlines and story abstract
    • 1 hour ago by MT Newswires
      Companies Mentioned: AMCR
      04:28 AM EST, 11/11/2024 (MT Newswires) -- Amcor (AMCR) said Monday it has received a European patent for paper packaging with thin film barrier for food- and healthcare-grade containers. AmFiber Performance Paper is already in use for packaging of ...
    • 2 hours ago by PR Newswire
      Companies Mentioned: AMCR, AMC

      Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, has been granted a European patent for paper packaging with thin film barrier, affirming the unique attributes of its AmFiberTM portfolio. AmFiberTM Performance Paper is a high-barrier, paper-based solution that delivers recyclability and high-speed customer line performance for food- and healthcare-grade packaging.

    • 2 hours ago by Dow Jones
      Companies Mentioned: AMCR, AMC

      Amcor AmFiber(TM) paper-based packaging receives European patent

      PR Newswire

      ZURICH, Nov. 11, 2024

      ZURICH, Nov. 11, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, has been granted a European patent for paper packaging with thin film barrier, affirming the unique attributes of its AmFiber(TM) portfolio. AmFiber(TM) Performance Paper is a high-barrier, paper-based solution that delivers recyclability and high-speed customer line performance for food- and healthcare-grade packaging.
  • Nov 3, 2024

      Show headlines and story abstract
    • 5:07PM ET on Sunday Nov 03, 2024 by Dow Jones
      Companies Mentioned: AMCR

      2207 GMT - Amcor's gearing rose beyond its target band in 1Q, which Macquarie thinks minimizes the chances of the packaging company pursuing a big deal any time soon. Amcor reported net debt-to-Ebitda of 3.5x in the three months through September. Still, the company expects it to reach or fall below 3.0x at the end of June, 2025. "Higher gearing suggests material M&A unlikely in the short term," says Macquarie, which retains a neutral call on Amcor's stock. Last week, Amcor said it would sell its 50% stake in Bericap North America, which manufactures cartons for beverage, food and industrial end markets, for $122 million. Proceeds from that sale would be used to repay some debt. (david.winning@wsj.com; @dwinningWSJ)
    • 4:47PM ET on Sunday Nov 03, 2024 by Dow Jones
      Companies Mentioned: AMCR

      2147 GMT - Jefferies had expected a more significant improvement in Amcor's volumes in 1Q, given weakness a year ago. Amcor said 1Q volumes within in Flexibles business rose by 3% on year, in line with the growth rate of the previous three months. In its Rigids division, volumes fell 4%. Customers in healthcare chose to use up existing stocks, weighing on demand for Amcor's products. "Although this is expected, it puts more pressure on the 2H turnaround story in this segment," analyst Henry Copley says. "We also think it is a bit too early to get positive on North America beverage volumes." Jefferies retains a hold call on Amcor. (david.winning@wsj.com; @dwinningWSJ)

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