Amcor growing through acquisitions in India

By Satnam Singh
Correspondent

Published: September 3, 2013 2:23 pm ET
Updated: September 3, 2013 2:24 pm ET

Related to this story

Topics Mergers & Acquisitions Packaging Extrusion Film & Sheet
Companies & Associations Amcor Ltd.

MUMBAI — Melbourne, Australia-based Amcor Ltd. is strengthening its position in the growing Indian flexible packaging sector through a series of acquisitions.

Amcor acquired Uniglobe Packaging Ltd. last year and before that Alcan Packaging — which included operations in India — in 2009.

“Our India business generates $100+ million revenue annually and is registering double-digit [annual] growth,” said Ralf Wunderlich, president & managing director of Amcor Flexible Asia Pacific, in an interview with Plastics News in Mumbai.

India’s $30 billion packaging sector is growing thanks to rising consumption of processed food.

“Our India operation is to serve the growing Indian flexible packaging market, therefore, we are saved from the weakening rupee against the dollar in the last quarter,” Wunderlich said.

“We are planning to grow organically and inorganically in the India market,” he said. “We know India is a big country and is a divided in the four regions and we look up to have our presence in all the four regions.”

Amcor has plants in Daman, Chaken and Haridwar, India.

Amcor has 32 factories in Asia, including seven in China, not including two that it recently acquired from Shenda Group Co. Ltd.


Comments

Amcor growing through acquisitions in India

By Satnam Singh
Correspondent

Published: September 3, 2013 2:23 pm ET
Updated: September 3, 2013 2:24 pm ET

Post Your Comments


Back to story


More stories

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events