Amcor Plans To Expand Healthcare Packaging Capabilities In Europe

Amcor PLC AMCR said it plans to establish new thermoforming capabilities for medical packaging in Sligo, Ireland.
The company expects the multi-million-dollar investment to strengthen its sterile packaging offerings. The financial terms of the investment were not disclosed.
"With our global scale and innovation capabilities, Amcor is uniquely positioned to capture growing demand for both medical and pharmaceutical packaging products globally," said chief commercial officer Peter Konieczny.
The Sligo facility will feature Class 7 cleanroom manufacturing environments, fully certified to ISO 13485 standards.
Price Action: AMCR shares closed lower by 2.98% at $11.58 on Friday.