Amcor Constructs Healthcare Packaging Coating Facility in Asia

Amcor Plc AMCR announced the completion of construction of its state-of-the-art coating facility for healthcare packaging in Selangor, MY. This move expands Amcor’s existing healthcare packaging plant in Selangor.AMCR’s Facility to Set Standard EfficiencyWith the construction of the new facility, Amcor created an integrated campus that will enable the company to produce top and bottom substrates for medical device packaging in Asia. This will result in improved supply-chain stability and shorter lead times, thus helping customers.The advanced facility uses air knife coating technology, strengthening the supply of high-quality, sterile packaging for healthcare customers — a first in Asia. The center is also equipped with innovative technologies like water-based coating systems, online inspection systems and air knife technology. The air knife technology uses high-speed air streams to apply uniform coatings, resulting in more consistent products and less waste.Amcor’s New Facility to Boost Healthcare Packaging in AsiaThis facility is part of AMCR's broader Asia Pacific healthcare expansion.Amcor's investment in advanced coating technologies and regional expansion addresses the growing demand for high-performance healthcare packaging. It reinforces the company’s commitment to deliver innovative value to customers globally.Local production of Amcor’s industry-leading product platform enhances customer proximity, supply security and flexibility.AMCR Stock’s Price PerformanceIn the past year, AMCR shares have gained 9.5% compared with the industry’s 1.5% growth.  Image Source: Zacks Investment Research Amcor’s Zacks Rank & Stocks to ConsiderAmcor currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Industrial Products sector are Applied Industrial Technologies, Inc. AIT, ADT Inc. ADT and ESCO Technologies Inc. ESE. These three companies have a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Applied Industrial has an average trailing four-quarter earnings surprise of 5.3%. The Zacks Consensus Estimate for AIT’s 2025 earnings is pinned at $9.90 per share, which indicates year-over-year growth of 1.5%. Applied Industrial’s shares have gained 15.8% in a year.The Zacks Consensus Estimate for ADT’s 2025 earnings is pegged at 83 cents per share, which indicates year-over-year growth of 10.6%. The company has a trailing four-quarter average earnings surprise of 6.3%. ADT shares have gained 20.4% in a year.The Zacks Consensus Estimate for ESCO Technologies’ 2025 earnings is pegged at $5.70 per share, which indicates year-over-year growth of 36.4%. ESE shares have gained 36.6% in a year.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ESCO Technologies Inc. (ESE): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report ADT Inc. (ADT): Free Stock Analysis Report Amcor PLC (AMCR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks