Rottneros invests in Blue Ocean Closures

Fourth quarter net sales of $1.3 billion increased 3% as reported. Fourth quarter 2020 net earnings were $138 million, or $0.88 per diluted share, which were unfavorably impacted by Special Items of $2 million, after tax. Full year 2020 net sales of $4.9 billion increased 2% as reported. Currency had a negative impact on total net sales of $82 million or 2%. Full year 2020 net earnings were $484 million, or $3.10 per diluted share, which were unfavorably impacted by Special Items of $14 million, after tax.

Amcor Interim CEO Peter Konieczny said: “Amcor finished fiscal 2024 strongly, as the underlying businessdelivered another sequential improvement in volume and earnings growth, with fourth quarter adjusted EPS up9%, ahead of the expectations we set out in April. Volumes returned to year on year growth in the quarter ascustomer demand improved and our teams maintained their outstanding focus on managing costs, drivingstrong margin expansion. Annual adjusted free cash flow was at the top end of our guidance range and up 12%on last year.

Ascend Performance Materials, the largest fully integrated producer of polyamide 66 resin, announced it signed an agreement to purchase the assets of NCM (Changshu) Co., Ltd., and Tehe Engineering Plastic (Suzhou) Co., Ltd., located in Changshu Yushan High-tech Industrial Park (known as “The Park”), one of the major advanced manufacturing parks in the eastern coastal area of China, 100 kilometers outside of Shanghai. The acquisition gives Ascend a flexible footprint for growth in the region. The company’s master plan includes the expansion of compounding assets at the site along with a global research and development center with a focus on existing applications in the automotive, electrical and electronics, and consumer and industrial areas, as well as new ones in areas such as 3D-printing and high-performance films.