ZURICH, Nov. 8, 2022
/PRNewswire/ -- Amcor (NYSE: AMCR, ASX:AMC), a global leader in
developing and producing responsible packaging solutions, has
announced its investment of US$3
million in PulPac, a Swedish company providing disruptive
manufacturing technology for low-cost, high-performance fiber-based
packaging. Amcor is one of several strategic investors in a
cross-industry alliance aimed at driving the deployment of PulPac's
technology globally.
PulPac is a pioneering, innovation-led company focused on
developing its dry-molded fiber technology for use as a viable,
sustainable option for the packaging industry. This solution uses
raw materials readily found globally, manufactured using an
innovative process that requires significantly less resources,
which reduces CO2 emissions by 80%, compared to
existing processes. This cross-industry investment will support
PulPac's global commercialization ambitions, enabling the company
to deploy its solutions across markets and provide the potential
for applications in Amcor's own product ranges.
The alliance with PulPac and investment into its fiber
technology also follow the launch of the AmFiberTM
platform earlier this year, through which Amcor aims to redefine
the capabilities of traditional paper packaging, and build upon
Amcor's extensive experience in paper and carton packaging.
Frank Lehmann, vice president of
Corporate Venturing and Open Innovation at Amcor, said: "Amcor is
committed to developing solutions that meet the needs of our
customers, consumers and the environment. Amcor's investment in
PulPac will help to accelerate the global rollout of this
innovative technology, and well as support research into its
suitability for future applications.
Using PulPac's dry-molded fiber technology, the shape of
products can be optimized for a wide variety of applications,
including some that have traditionally not been able to employ a
viable sustainable option.
Linus Larsson Green, co-founder
and CEO of PulPac, said: "With the backing and support of such
world-class partners including Amcor, we'll continue to grow our
offering and deploy our new packaging across the world. I look
forward to working more with our partners and, through
collaboration, providing solutions that are more sustainable."
Amcor is engaged in multiple start-up investment opportunities,
supporting their journeys through the sharing of expertise from
Amcor's own research and development teams, and exploring the
potential for joint undertakings. Recent activity includes
strategic investments into ePac Flexible Packaging and PragmatIC
Semiconductors, together with seed-funding for two start-ups –
Nfinite Nanotechnology and Bloom Biorenewables Ltd – as part of the
Amcor Lift-Off initiative, through which seed-stage start-up
companies can secure investment of $250,000 toward the development of innovative and
sustainable technologies.
To learn more about Amcor's corporate venturing, click here.
About Amcor
Amcor is a global leader in developing and producing responsible
packaging solutions for food, beverage, pharmaceutical, medical,
home and personal-care, and other products. Amcor works with
leading companies around the world to protect their products and
the people who rely on them, differentiate brands, and improve
supply chains through a range of flexible and rigid packaging,
specialty cartons, closures, and services. The company is focused
on making packaging that is increasingly lighter weight, recyclable
and reusable, and made using an increasing amount of recycled
content. In fiscal year 2022, 44,000 Amcor people generated
$15 billion in annual sales from
operations that span 220 locations in 43 countries. NYSE:
AMCR; ASX: AMC
www.amcor.com I LinkedIn |
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About PulPac
PulPac provides the packaging industry with a groundbreaking
manufacturing technology for low-cost, high-performance fiber-based
packaging and single-use products. By pioneering the technology of
cellulose molding, PulPac enables its customers to replace
single-use plastics with a sustainable and cost-competitive
alternative globally. For additional information about PulPac,
please visit www.pulpac.com.
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SOURCE Amcor