We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Amcor & Kolon to Develop Sustainable Polyester Packaging Materials
Read MoreHide Full Article
Amcor plc (AMCR - Free Report) has entered into an agreement with Kolon Industries to co-develop and commercialize more sustainable polyester materials for selected applications in Amcor's flexible packaging business.
With the combination of Amcor's expertise in innovative packaging with Kolon’s high-polymer manufacturing technology, the companies strive to create more environmentally friendly packaging.
Amcor and Kolon to Develop New Technologies
Kolon is a leading South Korean chemical materials manufacturer. It is developing an advanced recycling process to produce new polyethylene terephthalate (PET) from post-consumer bottles, fibers and flexible packaging. The collaboration will focus on researching and developing new technologies related to chemically recycled PET and polyethylene furanoate (PEF) materials, a polyester structure similar to PET.
Using chemically recycled PET aligns with Amcor’s commitment to integrating 30% post-consumer recycled materials in its global portfolio by 2030.
Also, Kolon’s PEF material will be sourced from 100% sustainable biomass and offer improved product protection. With its promise of lower product carbon footprint, PEF will also help Amcor in its journey to achieve net-zero ambitions by 2050.
Amcor’s Merger Agreement With Berry Global
A major development earlier this month was Amcor’s announcement that it had entered a definitive merger agreement with Berry Global Group, Inc.
This deal boosts AMCR’s growth strategy by focusing its portfolio on faster-growing, better-margin categories. The deal will bring together two highly complementary businesses, combining Amcor's global flexibles and regional containers businesses with Berry Global's regional flexibles and global containers and closures businesses.
Customers will get a broader flexible film and converted film offering, as well as more sustainable solutions that promote circularity and reduce carbon footprint.
Amcor currently estimates $650 million in benefits from identified costs, growth and financial synergies by the end of the third year of closing. The companies expect an additional $280 million of one-time cash benefits from working capital efficiencies, which will offset around $280 million of expected pre-tax costs to achieve synergies.
Amcor’s Share Price Performance
In the past year, AMCR’s shares have gained 10.7% compared with the industry’s 23.1% growth.
Federal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’ 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 42% in a year.
The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing four-quarter average earnings surprise of 2.5%. RBC’s shares have gained 31.8% in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Amcor & Kolon to Develop Sustainable Polyester Packaging Materials
Amcor plc (AMCR - Free Report) has entered into an agreement with Kolon Industries to co-develop and commercialize more sustainable polyester materials for selected applications in Amcor's flexible packaging business.
With the combination of Amcor's expertise in innovative packaging with Kolon’s high-polymer manufacturing technology, the companies strive to create more environmentally friendly packaging.
Amcor and Kolon to Develop New Technologies
Kolon is a leading South Korean chemical materials manufacturer. It is developing an advanced recycling process to produce new polyethylene terephthalate (PET) from post-consumer bottles, fibers and flexible packaging.
The collaboration will focus on researching and developing new technologies related to chemically recycled PET and polyethylene furanoate (PEF) materials, a polyester structure similar to PET.
Using chemically recycled PET aligns with Amcor’s commitment to integrating 30% post-consumer recycled materials in its global portfolio by 2030.
Also, Kolon’s PEF material will be sourced from 100% sustainable biomass and offer improved product protection. With its promise of lower product carbon footprint, PEF will also help Amcor in its journey to achieve net-zero ambitions by 2050.
Amcor’s Merger Agreement With Berry Global
A major development earlier this month was Amcor’s announcement that it had entered a definitive merger agreement with Berry Global Group, Inc.
This deal boosts AMCR’s growth strategy by focusing its portfolio on faster-growing, better-margin categories. The deal will bring together two highly complementary businesses, combining Amcor's global flexibles and regional containers businesses with Berry Global's regional flexibles and global containers and closures businesses.
Customers will get a broader flexible film and converted film offering, as well as more sustainable solutions that promote circularity and reduce carbon footprint.
Amcor currently estimates $650 million in benefits from identified costs, growth and financial synergies by the end of the third year of closing. The companies expect an additional $280 million of one-time cash benefits from working capital efficiencies, which will offset around $280 million of expected pre-tax costs to achieve synergies.
Amcor’s Share Price Performance
In the past year, AMCR’s shares have gained 10.7% compared with the industry’s 23.1% growth.
AMCR’s Zacks Rank & Stocks to Consider
Amcor currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the Industrial Products sector are Federal Signal Corporation (FSS - Free Report) and RBC Bearings Incorporated (RBC - Free Report) . Both these companies have a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Federal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’ 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 42% in a year.
The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing four-quarter average earnings surprise of 2.5%. RBC’s shares have gained 31.8% in a year.