Amcor

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Amcor Limited (ASX: AMC) is an Australian-based multinational packaging company. Its headquarters are in Melbourne, and it is listed on the Australian Stock 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 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.

[edit] Services

In Australasia, Amcor offers a wide range of packaging and packaging-related services, including:

corrugated boxes
cartons
aluminium and steel cans
flexible plastic packaging
PET plastic bottles and jars
closures
multi-wall sacks

Internationally, the company is focused on four key market segments:

PET plastic bottles and jars
closures and specialty packaging
flexible plastic packaging
specialty printed cartons

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 market leader in tissue and personal care products was divested in June 2002.

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