Amcor

Overview

Amcor plc

type	Public
traded as	nyse: AMCR S&P 500 component asx: AMC
isin	isin: JE00BJ1F3079
founded	1896 in Melbourne, Australia
founder	Samuel Ramsden
hq location	Zürich, Switzerland
key people	Peter Konieczny (CEO)
industry	Packaging
products	Packaging
revenue	US$15.0 billion (2025)
operating income	US$1.01 billion (2025)
net income	US$511 million (2025)
assets	US$37.1 billion (2025)
equity	US$11.7 billion (2025)
num employees	77,000 (2025)
website	amcor.com
footnotes	Financials .‡R1R‡

Amcor plc is an Australian-founded Jersey-domiciled[2] global packaging company based in Switzerland. It develops and produces flexible packaging,[3] rigid containers, specialty cartons,[4] closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care,[5] and other products.[6]

The company originated in paper milling businesses established in and around Melbourne, Australia, during the 1860s which were consolidated as the '''Australian Paper Mills Company Pty. Ltd.''', in 1896.

Amcor is a cross-listed company, being listed on the Australian Securities Exchange

History

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.[7]

2000s

The printing paper divisions were spun-off into a new company, named Paperlinx, in April 2000. This demerger was intended to enable Amcor to focus on global packaging.[8]

Amcor's 45 percent interest in Kimberly-Clark Australia, a tissue and personal-care products company, was divested in June 2002.[9]

In July 2002, Amcor acquired the rigid packaging and closures businesses of Schmalbach-Lubeca, headquartered in Ratingen, Germany.[10] This acquisition, at a cost of around $2.875 billion, made Amcor the largest manufacturer of PET (Polyethylene terephthalate) containers, globally.[11]

In 2007, Amcor sold its European PET business to La Seda, a Spain-based manufacturer.[12]

2010s

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.[13] 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.[13] 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.[13]

In 2010, Amcor completed the acquisition of Alcan's food (Europe and Asia) and global pharmaceutical and tobacco businesses from Rio Tinto for US$2.03 billion.[14] In 2011, Amcor acquired Marfred Industries, one of the largest independently owned packaging manufacturers and distributors in the United States.

2020s

In August 2023, it was announced Amcor had acquired the Gujarat-based flexible packaging company, Phoenix Flexibles, for an undisclosed amount.[30]

In November 2024, Amcor entered into an agreement to acquire US-based Berry Global for A$13 billion in stock.[31]

Amcor

History

2000s

2010s

2020s

Structure

Products

Controversies

Further reading

External links

References