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

by Shivani Kumaresan, Benzinga Staff Writer

August 16, 2021 9:56 AM | 1 min read |

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.

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