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Stock impact report

480 Million Masks For Europe. Where Are Ours? [Forbes]

Berry Global Group, Inc. (BERY) 
Last berry global group, inc. earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.berryglobal.com
Company Research Source: Forbes
Needed: a strategic reserve of meltblown machineryMachinery processing nonwoven fabricBerry GlobalPresident Trump is getting into a shouting match with 3M over where masks are going. What the government should be doing is something very different: Buying its way out of production bottlenecks.This doesn’t mean buying face masks, or telling 3M where to send them. It means buying two kinds of machinery. Machines that stamp out masks from fabric are in short supply. So are machines that make filtration fabric.This part of the fight against the coronavirus comes down to capital outlays. Capital is moving into the manufacture of protective gear, but it is moving grudgingly and slowly.The crux of the problem is visible in this week’s announcement from Berry Global Group, the U.S. based plastics company, that it is adding a fabric machine to its Biesheim, France factory. This machine will spin out 720 metric tons of filtration fabric per year. That is enough for 480 million masks, which is go Show less Read more
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