S&P 500 Index component
S&P/ASX 200 Component
|Ron Delia, Managing Director and Chief Executive Officer|
|Revenue||US$9.3 billion (2018)|
Number of employees
Amcor plc is an Australian-American, UK-domiciled packaging company. It develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products.
Amcor is a dual-listed company, being listed on the Australian Securities Exchange (ASX: AMC) and New York Stock Exchange (NYSE: AMCR). Amcor merged with Bemis and became Amcor plc. It maintains dual headquarters in Zurich, Switzerland, and Melbourne, Australia.
As of 30 June 2017, the company employed 35,211 people and generated more than US$9B in sales from operations in some 200 locations in over 40 countries.
Reflecting its global status, Amcor is included in several international stock market indices, including the Dow Jones Sustainability Index, CDP Climate Disclosure Leadership Index (Australia), the MSCI Global Sustainability Index, the Ethibel Excellence Investment Register, and the FTSE4Good Index Series.
Amcor has two reporting segments: Flexibles Packaging and Rigid Plastics.
Flexibles Packaging develops and supplies flexible packaging and specialty folding cartons. It has four business units: Flexibles Europe, Middle East and Africa; Flexibles Americas; Flexibles Asia Pacific; and Specialty Cartons.
Rigid Plastics is one of the world's largest suppliers of rigid plastic packaging. It has four business units: North America Beverages; North America Specialty Containers; Latin America; and Bericap Closures.
Australian Paper Manufacturers was renamed Amcor Limited in 1986. Previously, the company manufactured pulp paper and paperboard products, along with metal can and flexible packaging.
Mergers and acquisitions
In July 2002, Amcor acquired the rigid packaging and closures businesses of Schmalbach-Lubeca, headquartered in Ratingen, Germany. This acquisition, at a cost of around $2.875 billion, made Amcor the largest manufacturer of PET (Polyethylene terephthalate) containers, globally.
In February 2008, Amcor announced the construction of a 400,000-tonnes per annum recycled paper mill located at its existing paper mill in Botany, New South Wales. The 'B9' paper machine, so named as it was the ninth paper machine to operate at the Botany Mill, was commissioned in 2012 and was officially opened by the Premier of New South Wales, Barry O'Farrell, on 1 February 2013. The B9 paper machine produced enough paper to fulfill the company's Australasian paper requirements, and as a result, Amcor's other recycled paper mill in Fairfield, Victoria, closed in late 2012.
In 2012, Amcor acquired the Aperio Group packaging company, adding further capability in Australia, New Zealand and Thailand. This company also acquired Uniglobe Packaging, a business based in Daman, north of Mumbai, India, in the same year.
In December 2013, Amcor demerged its Australasia and Packaging Distribution (AAPD) business into a separate company called Orora, which is listed on the Australian Securities Exchange. The spin-off allowed Amcor to focus on making flexible- and rigid-plastic packaging and tobacco packaging, mostly for overseas markets.
In September 2015, the US$30 million acquisition of Souza Cruz's internal tobacco packaging operations in Brazil was completed. This acquisition aligned with Amcor's objective of growing in Latin America.
In October 2015, the US$55 million acquisition of Encon, a privately owned preform manufacturing business in the United States, was completed.
In May 2016, Amcor acquired Canadian company Plastics Moulders Limited for US$32 million. The rigid plastics business manufactured containers and closures for the food, home, and personal-care markets in North America from a single plant in Toronto.
In June 2016, Amcor acquired Alusa, the largest flexible packaging business in South America for a purchase price of US$435 million. It was the largest flexible packaging manufacturer and supplier in Chile and Peru, and a participant in Colombia and Argentina, with one plant in each of these four countries.
In November 2016, the specialty containers business of Sonoco Products Company, a manufacturer of specialty rigid plastic containers, was acquired by Amcor for US$280 million. The former Sonoco business had six production sites in the United States and one in Canada.
In May 2017, Amcor acquired Plasticos, a specialty container business, from a leading food producer in Colombia. The acquisition expanded Amcor’s specialty container product offerings in Latin America, including thin-wall injection moulding and in-mould labelling.
Amcor develops and produces packaging for use with snacks and confectionery, cheese and yoghurt, fresh produce, beverage and pet food products, and rigid-plastic containers for brands in the food, beverage, pharmaceutical, and personal and home-care segments.
Amcor's specialty cartons made from plastic materials are used for a variety of end markets, including pharmaceutical, healthcare, food, spirits and wine, personal and home-care products. Amcor also develops and makes wine and spirit closures.
In February 2018, the company commercialised its Liquiform technology, which uses the packaged product instead of compressed air to simultaneously form and fill plastic containers and eliminates costs associated with traditional blow-molding, as well as handling, transporting, and warehousing empty containers.
In 2007, following investigations by the Australian Competition & Consumer Commission, Amcor and Visy were found to have engaged in price fixing and market sharing in the market for the supply of corrugated fibreboard packaging.
In 2021, Amcor were ranked 7th on Michael West's "Top 40 Tax Dodgers in Australia".
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- "The A Team". Four Corners. ABC. Retrieved 1 August 2017.
Conservationists now decry "dirty tricks", but organisers insist they were simply playing green activists at their own game: smart, tough politics.
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- "Revealed: Australia's Top 40 Tax Dodgers for 2021". Retrieved 16 January 2021.
- E.K. Sinclair, "The Spreading Tree, A history of APM and Amcor 1844-1989", Allen & Unwin, 1990
- Amcor's History
- Official website
- Business data for Amcor plc: