Amcor (AMCR) Announces $3M Investment in PulPac
November 8, 2022 6:57 AM EST
Amcor (NYSE: AMCR), 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.
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