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Amcor Ltd (AMC.AX)

AMC.AX on Australia Stock Exchange

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9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Amcor Ltd announces flexible packaging acquisition in China
Tuesday, 8 Nov 2016 04:31pm EST 

Amcor Ltd : Amcor announces flexible packaging acquisition in china-amc.ax . Says expansion of its flexible packaging platform in northern china region, with rmb 185 million acquisition of Hebei Qite Packing Co. Ltd . Inclusive of synergy benefits this acquisition will generate strong returns for shareholders within three years .Inclusive of synergy benefits this acquisition will generate strong returns for shareholders within three years.  Full Article

Sonoco agrees to sell rigid plastics blow molding operations to Amcor
Thursday, 1 Sep 2016 06:45pm EDT 

Sonoco Products Co : Sonoco agrees to sell rigid plastics blow molding operations to Amcor . To sell its rigid plastics blow molding operations to Amcor for $280 million .Transaction is subject to regulatory approvals in United States.  Full Article

Amcor announces acquisition of Sonoco speciality containers
Thursday, 1 Sep 2016 06:07pm EDT 

Amcor Ltd : Amcor announces acquisition of Sonoco speciality containers . Says acquisition price of US$280 million represents a multiple of 8.0 times LTM EBITDA . Announces agreement to acquire the North American rigid plastics blow molding operations of Sonoco Products Company . Acquisition expected to add US$50 million of PBIT to Amcor's rigid plastics segment at the end of the third full year of ownership . Total sales of specialty containers in diversified products business will be approximately US$750 million inclusive of the acquired business .Acquisition remains subject to regulatory approvals in the United States.  Full Article

Amcor says for 2016/17 year,effective tax rate is expected to be between 21% and 23%
Wednesday, 24 Aug 2016 06:59pm EDT 

Amcor Ltd : 2016 full year long form media release . For the 2016/17 year net interest costs are expected to be between US$185 million and US$195 million . For the 2016/17 year,the effective tax rate is expected to be between 21% and 23% . Says in constant currency terms, the flexibles segment is expected to deliver particularly strong pbit growth in the 2016/17 year . Says restructuring benefits of US$10 to US$15 million are expected to be delivered in the second half of the year .  Full Article

Amcor Ltd says FY net profit down 64.1%
Wednesday, 24 Aug 2016 06:59pm EDT 

Amcor Ltd : fy net profit for the period attributable to members down 64.1% to us$244.1 mln . fy revenue from sale of goods us$9.42 bln vs us$9.61 bln . final dividend of 22.0 us cents per share .  Full Article

Amcor announces initiatives focused on the Flexibles segment
Wednesday, 8 Jun 2016 06:19pm EDT 

Amcor Ltd : Initiatives are expected to generate a pre-tax return of approximately 35% on the cash invested within three years . The total cash investment is expected to be US$120 million to US$150 million across the 2017 and 2018 financial years . Of the pre-tax costs, approximately US$90 to US$100 million is expected to be incurred in the 2016 financial year . Initiatives announced are focused on the Flexibles segment . The flexibles segment is expected to deliver pre-tax earnings growth of more than US$100 million over the next 3 years . Footprint optimisation in Flexibles segment will likely result in the restructuring or closure of several plants in developed markets .  Full Article

Amcor announces acquisition of Plastic Moulders Limited
Wednesday, 11 May 2016 06:43pm EDT 

Amcor Ltd : Amcor rigid plastics acquisition . Deal for CAD 38 million .  Full Article

Amcor announces agreement to acquire South America's Alusa
Monday, 18 Apr 2016 02:26am EDT 

Amcor:Amcor announces agreement to acquire.Deal for purchase price of US$435 million.Says agreement to acquire Alusa, the largest flexible packaging business in South America.Says PBIT is expected to be approximately US$65 million at the end of year three.Says return on cash invested is expected to have reached approximately 15% at that time.  Full Article

Amcor announces acquisition of BPI China
Tuesday, 26 Jan 2016 08:11pm EST 

Amcor:To acquire BPI China, the Chinese subsidiary of UK based British Polythene Industries PLC for US$13 million.  Full Article

Amcor Ltd announces acquisition of Encon’s preform manufacturing business
Tuesday, 27 Oct 2015 05:37pm EDT 

Amcor Ltd:Amcor announces acquisition of encon.Consideration payable will be US$55 million and the acquired business will form part of amcor's rigid plastics business group.Says acquisition is expected to reduce future capital requirements for amcor's existing rigid plastics business.Acquisition will deliver considerable operating synergies and generate strong returns for shareholders.  Full Article

BRIEF-Sonoco completes sale of rigid plastics blow molding operations to Amcor

* Sonoco completes sale of rigid plastics blow molding operations to Amcor