Initiatives to drive earnings growth in Flexibles / Several plants in developed markets may be affected

摘要

Amcor (Hawthorn / Australia; www.amcor.com) plans to implement initiatives to optimise its cost base and drive earnings growth, particularly in the flexibles segment, as it focuses its efforts on more aggressively adapting to changes in its operating environment. It said the initiatives will involve increasing customer focus, building its strength in innovation and continuing to drive mergers and acquisitions. The measures are focused on the flexibles segment, which includes tobacco packaging, and are designed to accelerate the pace of adapting the organisation within developed markets through better aligning capacity with demand, increasing utilisation and improving the cost base. The efforts will likely result in the restructuring or closure of plants in developed markets, the company said. It will also streamline its organisation, particularly in Europe, resulting in lower overhead costs.