Amcor

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Amcor Limited
public
Traded as ASXAMC
Industry Packaging
Founded As "Australian Paper Manufacturers" - 1860
As Amcor - 1986
Headquarters

Melbourne, Victoria, Australia (Head Office);

Zurich, Switzerland (Corporate Headquarters)
Key people
Ron Delia, CEO
Products Packaging
Revenue US$9.1 billion (2016)[1]
Number of employees
35,000[2]
Website http://www.amcor.com

Amcor Limited is an Australian-based multinational packaging company. It produces flexible and rigid packaging, mainly for the food, beverage, health care, and tobacco industries.[3] Amcor products protect food, beverage, pharmaceutical, medical, personal, home and personal care goods.

The company's corporate headquarters are in Zurich, Switzerland.[4] Amcor continues to maintain an Australian head office in Melbourne, Victoria, since it is listed on the Australian Securities Exchange. It is also included in several international stock market indices including the Dow Jones Sustainability Asia Pacific Index, the Carbon Disclosure Leadership Index and the FTSE4Good index, reflecting its multinational status.

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.[5]

In April 2000, Amcor demerged its printing papers business to focus on its global packaging operations. The spin-off company was named Paperlinx.[6]

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

Factory entrance of Amcor Flexibles Tscheulin Rothal GmbH in Teningen, Germany
Amcor Rigid Plastics plant in Manchester, Michigan, United States

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

In 2007, Amcor sold its European PET business to La Seda, a Spanish-based manufacturer.[7]

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, New South Wales. 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 the Premier of New South Wales, Barry O’Farrell, on 1 February 2013.[8] 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, Victoria, ceased operation in late 2012.

In 2010 Amcor completed the acquisition of Alcan Packaging's food Europe, food Asia, global pharmaceutical, and global tobacco businesses from Rio Tinto for a total of US$2.03 billion.[9]

In 2011 Amcor Packaging Distribution acquired Marfred Industries, one of the largest independently owned packaging manufacturers and packaging distributors in the United States.[10]

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.[11]

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.[12]

In December 2013 Amcor demerged its Amcor Australasia and Packaging Distribution (AAPD) business into a separate company called Orora, which is listed on the Australian Securities Exchange.[13][14] The spin-off allowed Amcor to focus on making flexible- and rigid-plastic packaging and tobacco packaging mostly for overseas markets, while Orora manages the fibre, glass, and beverage-can packaging markets in Australia and New Zealand and packaging distribution in North America and Australia.[15]

In 2015 Amcor’s Chairman, Graeme Liebelt, advised that Ken MacKenzie would retire as CEO effective 17 April 2015 and Ron Delia would replace him as CEO.[16]

Products[edit]

The company has two major broad lines of packaging products: Rigid Plastics and Flexibles. Rigid plastics include packaging for beverages, food, pharmaceuticals, personal & homecare. Amcor claims to be "the world's largest producer of PET bottles."[17]

Flexibles includes pharmaceuticals and hospital supplies, food, drink pouches, etc. The company also has a division which makes paper packaging for tobacco products; and it manufactures various caps and laminates.

Amcor’s Global Pharma division operates 26 plants across 16 countries in Europe, the Americas, Africa and Asia, creating flexible packaging solutions for the pharmaceutical, biotech and animal health industries. Its range of packaging options address requirements for unit dose, child-resistant, patient compliance, anti-counterfeiting and sustainable solutions.[18]

Controversies[edit]

In 2001, Amcor was fined A$10,000 by EPA Victoria for pollution.[19]

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 (ACCC) 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 ACCC.[20]

On 2 October 2006, a documentary film in the TV series Four Corners titled The A Team was broadcast, covering controversial methods used by Amcor to influence forestry policies.[21]

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.[22]

References[edit]

  1. ^ Amcor Limited (30 June 2017). "Annual Financial Report for the Financial Year Ended 30 June 2017" (PDF). ASX.com.au. Australian Securities Exchange. Retrieved 26 September 2017. 
  2. ^ "Amcor around the globe". Amcor.com. Retrieved 26 September 2017. 
  3. ^ "Amcor". LinkedIn. Retrieved 25 September 2017. 
  4. ^ "Contact Us". Amcor.com. Retrieved 25 September 2017. 
  5. ^ "Australian Paper Manufacturers Ltd (APM)". Corporate entry - Encyclopedia of Australian Science. Retrieved 10 July 2011. 
  6. ^ "Group History - PaperlinX". paperlinx.com.au. Archived from the original on 25 July 2011. Retrieved 10 July 2011. 
  7. ^ "Amcor sells Euro business for $676m". The Sydney Morning Herald. 2 July 2007. Retrieved 26 September 2017. 
  8. ^ "AmcorPackaging". Retrieved 7 October 2016. 
  9. ^ "Amcor acquires majority Alcon Packaging businesses from Rio Tinto". New Statesman. 2010-02-15. Retrieved 2010-02-15. 
  10. ^ BakeryAndSnacks.com. "Amcor eyes global benefits with US packager and distributor acquisition". Retrieved 7 October 2016. 
  11. ^ http://www.afr.com/rw/Wires/Stories/2013-02-18/ASXAnnouncements/AMC_01382774.pdf
  12. ^ "Acquisition of Aperio Group Completed". Amcor.com. 14 May 2012. Retrieved 25 September 2017. 
  13. ^ "Demerged Amcor arm to be called Orora". The Sydney Morning Herald. Australian Associated Press. 24 October 2013. Retrieved 25 September 2017. 
  14. ^ Regan, James; Paul, Sonali (16 June 2017). "BHP's new chairman built reputation on Amcor turnaround". Reuters. Retrieved 25 September 2017. 
  15. ^ "Demerged Amcor arm to be called Orora". The Sydney Morning Herald. Australian Associated Press. 24 October 2013. Retrieved 25 September 2017. 
  16. ^ "CEO Retirement & Appointment". Amcor.com. Retrieved 25 September 2017. 
  17. ^ "Packaging for beverages". Amcor. Retrieved 13 August 2014. 
  18. ^ http://www.amcor.com/market_solutions/featured_industry_solutions/pharmaceutical_packaging.html
  19. ^ http://epanote2.epa.vic.gov.au/EPA/media.nsf/ad5006bdf5dcd5c84a256695000c4619/ed585418e81cb95cca256a7b0005575d?OpenDocument
  20. ^ "Australian Competition and Consumer Commission v Visy Industries Holdings Pty Limited (No 3) [2007] FCA 1617 (2 November 2007)". Australasian Legal Information Institute. Federal Court of Australia. 2 November 2007. Retrieved 25 September 2017. 
  21. ^ "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. 
  22. ^ http://epanote2.epa.vic.gov.au/EPA/publications.nsf/2f1c2625731746aa4a256ce90001cbb5/58f1a95bb5f860a4ca2574fc007c64bb/$FILE/1253.pdf Archived 13 November 2013 at the Wayback Machine.

Further reading[edit]