BERY Berry Global Group Inc

Berry Global, Inc. Announces Hygiene and Healthcare Investment

Berry Global, Inc. (NYSE:BERY) today announced that it is investing in a state-of-the-art Reicofil RF5 asset to provide an incremental 20,000 metric tons of capacity serving the Asia markets. This investment, that will be a part of the Company’s Health, Hygiene, and Specialties Division, is targeted to meet forecasted market and customer growth, and will be focused on premium applications in the desired Hygiene and Healthcare markets. Berry is conducting a search to determine the best location for the investment in China. Current projections are for startup in 2019.

“This exciting news demonstrates strong commitment to our customers' growth around the world, as well as the next step in advancing our market leading position in hygiene and healthcare material solutions,” said Scott Tracey, President of Berry’s Health, Hygiene, and Specialties Division.

“We are pleased to partner with Berry to bring the first asset with the latest RF5 technology to the China region,” said Dr. Bernd Kunze, Managing Director of Reifenhäuser REICOFIL GmbH & Co. KG

About Berry

Berry is committed to its mission of ‘Always Advancing to Protect What’s Important,’ and proudly partners with its customers to provide them with value-added customized protection solutions. The Company’s products include engineered materials, nonwoven specialty materials, and consumer packaging. Berry’s world headquarters is located in Evansville, Indiana. With net sales of $6.5 billion in fiscal 2016, Berry, a Fortune 500 Company, is listed on the New York Stock Exchange under the ticker symbol BERY. For additional information, visit Berry’s website at www.berryglobal.com.

EN
27/07/2017

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Reports on Berry Global Group Inc

Berry Global Group Inc.: Update following rating on review for upgrade

Our credit view of this issuer reflects a large part of revenue generated from staple goods serving to consumers and its ability to generate positive free cash flow.

Jonathan Moreland
  • Jonathan Moreland

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