Amcor

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Amcor Limited
Type public
Traded as ASXAMC
Industry Packaging
Founded As "Australian Paper Manufacturers" - 1860
As Amcor - 1986
Headquarters Hawthorn, Victoria, Australia
Key people Ken MacKenzie, CEO & Managing Director
Products Packaging
Website http://www.amcor.com

Amcor Limited is an Australian-based multinational packaging company. Its headquarters are in Hawthorn, Victoria (a suburb of Melbourne);[1] and it is listed on the Australian Securities Exchange.

Amcor (ASX: AMC)creates packaging solutions using flexibles and rigid plastics packaging. Amcor products protect food, beverage, pharmaceutical, medical, personal, home and personal care goods. Headquartered in Melbourne, Australia, the company employs 27,000 people worldwide and has operations across 43 countries.

History[edit]

Amcor Limited was formed in 1986 when Australian Paper Manufacturers was renamed. The company manufactured pulp paper and paperboard products, along with metal can and flexible packaging.[2]

In April 2000, Amcor demerged its printing papers business to focus on its global packaging operations. The spin-off company was named Paperlinx.[3]

In 2001, Amcor was fined A$10,000 by EPA Victoria for pollution.[4]

Amcor's 45% interest in Kimberly-Clark Australia, a tissue and personal care products company, was divested in June 2002.

Amcor Rigid Plastics plant, Manchester, Michigan

In July 2002 Amcor acquired the PET and Closures businesses of Schmalbach-Lubeca, headquartered in Ratingen, Germany. This acquisition, at a cost of around $2.875 billion, makes Amcor the largest PET manufacturer globally.

Amcor announced in February 2008 the construction of a 400,000 tonnes per annum paper recycled mill located at its existing paper mill in Botany, NSW. The ‘B9’ paper machine, so named as it is the ninth paper machine to operate at the Botany Mill, was commissioned in 2012 and was officially opened by NSW Premier, the Hon Barry O’Farrell, MP on 1 February 2013.[5] The B9 paper machine produces enough paper to fulfill the company’s Australasian paper requirements, and as a result, Amcor’s other recycled paper mill located on the banks of the Yarra River in Fairfield, VIC, ceased operation in late 2012.

In February 2009, it was confirmed by Julie McPherson (Group Company Secretary) that Amcor was negotiating the takeover of some flexible packaging assets from the Rio Tinto Group. [6]

On 18 August 2009, Amcor announced an offer to acquire a range of Alcan packaging assets from Rio Tinto. There is an estimated purchase price of A$2 billion for the food, beverage, tobacco and pharmaceutical businesses. [7]

In 2010 Amcor completed the acquisition of Alcan Packaging food Europe, food Asia, global pharmaceutical, and global tobacco businesses from Rio Tinto for a total consideration of $1.95bn [8]

In 2011 Amcor Packaging Distribution acquired Marfred Industries, one of the largest independently owned packaging manufacturers and packaging distributors in the United States.[9]

In 2012 the Amcor Australasia Beverage division acquired the business assets of Carter & Associates, a major distributor of Amcor glass wine, champagne and spirit bottles in New Zealand.[10]

In 2012 Amcor Flexibles Asia Pacific acquired the Aperio Group packaging company, adding further capability in Australia, New Zealand and Thailand. This business also acquired Uniglobe Packaging, a business based in Daman, north of Mumbai, India in the same year.[11]

In 2013 Amcor announced that it was demerging its Australia and New Zealand packaging operations and its global distribution business into a new company that will be listed on the Australian Securities Exchange.[12]

Capital Group Companies invested 9.42% into Amcor.

Amcor's Sustainability Report[edit]

Amcor's 2013 Sustainability Report details the company’s sustainability performance for the FY2012-2013 period. This is the eleventh year the company has published information and data on its environment, social and economic performance.

Amcor’s approach to sustainability has five focus areas: environment, community, workplace, marketplace and economy. Performance is measured in each of these areas to allow for benchmarking against international standards and other corporate peers.

Performance highlights for 2013 include: ~ Over half of Amcor’s 300+ sites worldwide achieved the target of ‘No Injuries’; ~ Reduction of 13%* in green house gas emissions; ~ Waste to landfill intensity reduction by 31%; and ~ Reduction of 12% in water use intensity at sites in Australia and New Zealand.

Amcor is listed on global and regional market indices, including the Dow Jones Sustainability Asia Pacific Index; the Carbon Disclosure Leadership Index, Materials Sector, Australia and New Zealand region; and the FTSE4Good index.

The Amcor 2013 Sustainability Report has been prepared in accordance with the GRI’s Sustainability Reporting Guidelines (2006) and AccountAbility’s AA1000 Assurance Standard (2008). Netbalance, one of the largest providers of sustainability advice, assurance, and research in Australia, has independently assessed the Report and confirmed that it meets the requirements for the B+ GRI Application Level.[13]

Amcor Innovation Packaging Contest[edit]

Amcor Innovation Packaging Contest was created to stimulate ideas from students. The winning team was judged by members of Amcor Flexibles Asia Pacific’s leadership team. In 2013, "the winning team included four students", Zhao Junjie, Mu Zhou, Zhu Zhipeng, and Yang Li "from Wuhan University".

Controversies[edit]

In December 2004, the CEO, Russell Jones, resigned on the request of the board after press reports revealed that the Australian Competition and Consumer Commission was investigating the company for engaging in cartel practices. Such practices are a serious breach of Australia's corporate laws. News of the investigation came to light after the company sued five former executives in an attempt to prevent them providing information and documents to the relevant regulator, the Australian Competition and Consumer Commission.[14]

In 2007, Amcor sold its European bottle/preform business to La Seda, a Spanish based resin manufacturer.

In 2008, Amcor was convicted by the Heidelberg Magistrates’ Court for releasing oil to the Yarra River from its Alphington plant and fined $80,000.[15]

References[edit]

Further reading[edit]

  • E.K. Sinclair, "The Spreading Tree, A history of APM and Amcor 1844-1989", Allen and Unwin, 1990