Amcor, RAUCH Yippy Partner for Recyclable Packaging with New Tethered Cap

Amcor (NYSE:AMCR) is one of the best large cap penny stocks to buy under $10. On July 31, Amcor announced a new collaboration with RAUCH Yippy, which is a children’s drink brand in Austria, to enhance the recyclability of its packaging. Amcor is supplying its Secure Flip 26mm tamper-evident sports cap for RAUCH Yippy’s PET bottles.

The key feature of this cap is its tethered design, which ensures it remains attached to the bottle after opening. This allows both the bottle and the cap to be collected together for recycling. The Secure Flip cap offers a number of user-friendly features. It has an ergonomic Thumb Tab for one-handed opening and produces an audible clip sound to confirm when it is opened or closed.

Amcor, RAUCH Yippy Partner for Recyclable Packaging with New Tethered Cap

A forklift stocking shelves with newly manufactured food packaging products.

The cap can also open a full 180 degrees to provide easy access to the spout. The patented tamper-evident band is non-detachable, and it remains fixed after opening, giving consumers a clear visual assurance of the product’s integrity. RAUCH Yippy, which has offered a range of flavored drinks with added calcium and vitamins and no preservatives since 2003, is adopting the new cap to reinforce its commitment to child-friendly packaging and sustainability.

Amcor (NYSE:AMCR) develops, produces, and sells packaging products in Europe, North America, Latin America, and the Asia Pacific. The company operates in two segments: Flexibles and Rigid Packaging.

While we acknowledge the potential of AMCR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMCR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.