News: AMC Amcor announces initiatives focused on the Flexibles segment

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    June 9 (Reuters) - Amcor Ltd (AMC) :

    • 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
                            
 
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