Amcor completes combination with Berry Global

Through this combination, Amcor enhances its position as a global leader in consumer and healthcare packaging solutions with the unique material science and innovation capabilities required to revolutionize product development and meet customers’ and consumers’ sustainability aspirations. With multiple new growth opportunities and $650 million of identified synergies, Amcor is well placed to deliver significant near- and long-term value for customers and shareholders.

Amcor CEO Peter Konieczny commented, “This combination delivers on our strategy to become a stronger company with a broader, more complete offering for customers and enhanced positions in attractive categories. Our focus now turns to delivering on synergies and growth opportunities, including leveraging our extensive global footprint and enhanced innovation and R&D capabilities, while also further refining our portfolio. The outstanding work our teams have completed over the past several months enables Amcor to enter fiscal 2026 in a better position than we anticipated, with a synergy run rate that will start strong and build quickly through the year. We are now uniquely positioned to deliver more consistent growth, further improve margins and drive compelling near- and long-term value for shareholders.”
more at: https://www.amcor.com/media/news/amcor-completes-combination-with-berry-global

Related Posts

Total U.S. Containerboard Production Increased 7 Percent in Q1 2024

The American Forest & Paper Association (AF&PA) released its Q1 2024 Containerboard Quarterly report. According to the report, total containerboard production in Q1 increased 7% compared to Q1 2023. U.S. operating rates for all major grades of conatainerboard in Q1 2024, except Semichemical Medium, increased compared to Q4 2023 while total production was down 0.7% (Q1 had 1 less day than Q4). Unbleached Kraft Liner production for export surged more than 41% over its year-ago levels. The Q1 2024 export total was higher than any quarter in 2023. Despite the significant increase in exports, domestic new supply was up 3.7% from Q1 2023 due to the increase in domestic production, as well as a 12.6% increase in imports of containerboard. New supply declined slightly from Q4. Mill inventories ended the quarter at 429,400 short tons, lower than at the end of 2023, but higher than any other month last year.

GreenFirst Announces Plan to Spin-Out Kap Corporation

GreenFirst Forest Products Inc. announces that it intends to complete a spin-out transaction of Kap Corporation, whereby the shares of Kap will be held directly by the shareholders of the Company. The Spin-out is expected to be completed in Q4 2024. GreenFirst will hold a shareholder meeting on September 12, 2024, where shareholders will be able to vote on the Spin-out. The record date for shareholders entitled to vote at the Meeting will be August 8, 2024. The Spin-out of Kap is part of the natural progression of the decentralization and deconsolidation of the newsprint mill that was originally disclosed by GreenFirst in the Fall of 2023. The Spin-out will enable GreenFirst to focus on its core business of being a pure-play lumber producer, offering shareholders a stake in any future upside from the development of Kap. Under the new structure, Kap will be able to explore numerous possibilities that were not feasible under the original GreenFirst ownership structure. As a separate company, Kap will consider independent financing alternatives and partnerships in the future. Kap Paper Inc. is the only chip consuming facility in Northeastern Ontario and the Spin-out provides Kap Paper with the potential to pursue new opportunities to support the green economy as part of a broader Northern Ontario forest strategy.

Clermont Mill Energy Recovery Project: An Industry First

Our Clermont Mill, a nearly century-old institution in Quebec’s Charlevoix region, has long been a pillar of the local community. The mill is home to a paper machine that produces 221,000 metric tons of newsprint a year from thermomechanical pulp. Faced with the high energy demands of paper production, the mill rose to the challenge with an innovative energy recovery project. Fully aware of the opportunities to optimize steam consumption, the team at the Clermont Mill partnered with Hydro-Québec to develop an ambitious energy recovery project. Hydro-Québec provided CA$3 million of financial assistance to help the mill reduce its steam consumption by capturing and reusing waste heat. The project involved installing heat exchangers and two water-to-water heat pumps, directly integrated into the paper production process — a first for Quebec’s pulp and paper industry. The initiative has yielded significant results, including an annual savings of CA$800,000 and a 15-million-kWh reduction in energy consumption. To better illustrate the impact, the energy saved could power 880 houses, a statistic that highlights the project’s economic and environmental benefits.
Back To Top
×Close search
Search