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Amcor confirms plans to move more production Eaststevenkiernan, 1 September 2007Be the first to comment on this article Australian packaging group Amcor reiterated its commitment to move more production to low-cost economies as it published its full-year results at the end of August.
Amcor has closed a Swiss tobacco packaging plant ahead of the opening of a new plant in Ukraine in November. Restructuring helped Amcor to compensate for a 2.2% fall in pre-tax profits to £210m (AU $517m) for the year to 30 June. The £288m sale of its European PET business to La Seda de Barcelona helped to produce an overall gain of £55.5m from significant items, compared with a £22m loss last year. Total sales fell 5% to £4.42bn. MacKenzie said: “We anticipate increased earnings across the group.” Speak Your Mind |
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