Amcor


Amcor

Infobox_Company
company_name = Amcor Limited
company_
company_type = public (asx|AMC)
foundation = As Australian Paper Manufacturers - 1860
As Amcor - 1986
location = flagicon|AUS Melbourne, Australia
key_people = Ken MacKenzie, CEO & Managing Director
num_employees =
industry = Packaging
products = Packaging
revenue =
net_income =
homepage = http://www.amcor.com

Amcor Limited (asx|AMC) is an Australian-based multinational packaging company. Its headquarters are in Melbourne, and it is listed on the Australian Securities Exchange.

It operates manufacturing plants in 40 countries, and has approximately 29,100 employees and annual sales of US$7,280 million and has a market value of US$5,020 million. Along with the privately held VISY group, it dominates the Australian cardboard packaging market, and it is the world's largest manufacturer of plastic bottles. Amcor limited holds the 927th position in the Forbes 2000.

In April 2000, Amcor demerged its printing papers business to focus on its global packaging operations.

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

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.

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 possibly engaging in cartel practices. Such practices, if proved, would be 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.

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

Further reading

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


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