Amcor To Invest ~$35M To Build Innovation Centers In China, Belgium

Packaging company Amcor PLC AMCR plans to build two innovation centers in Ghent, Belgium, and Jiangyin, China. The total investment is expected to be about $35 million.
Both the centers will be open to customers by mid-2022, with full build-out over the next two years.
The move is a part of Amcor's strategy to allow customers globally to tap into its deep material science expertise and packaging development capabilities.
"Our innovation and design centers offer customers a unique space to test new ideas and technologies across a variety of materials and formats without disrupting commercial operations," said Chief Technology Officer William Jackson.
Price Action: AMCR shares are trading lower by 0.37% at $12.11 on the last check Monday.