Over
the past few years Amcor has more than doubled the size of its flexible packaging business in the Asia Pacific region to more than US$1.3 billion, ranking it with the largest flexible packaging players in the region and an increasingly potent force in emerging markets.
This rapid growth has been achieved through a combination of organic growth across Asia of over 10% per annum, “selective opportunities in Australia and New Zealand” and via a series of acquisitions, comprising:
- Aperio, a large flexible packaging converter with market leading positions in Australia, New Zealand and Thailand, acquired in 2012.
- Uniglobe, an Indian converter and supplier to large multi-national customers within the food, personal care and health care end markets, acquired in 2012.
- In 2013 the flexible packaging operations of the Jiangsu Shenda Group, comprising two plants, were acquired, establishing Amcor as the market leader in Eastern China.
- A flexible packaging plant in Palej, Gujarat, in Western India, acquired from Indian converter Tuflex in 2013.
- Capacity expansions at two Indian plants: 30% increase at Haridawar and doubling capacity at Baroda/Tuflex.
- Indonesian converter Bella Prima, with two plants in Jakarta, was acquired in 2014.
- The acquisition in 2014 of Australian-based Detmold Group’s flexible packaging interests
- A new multi-million dollar greenfield plant in the Philippines, which is planned to be fully operational by 2016.
- In July 2015 the acquisition of Packaging India (PIPL) from Indian packaging group Essel Propack.
Amcor’s expansion, especially in emerging markets, now also extends to the African continent following the acquisition earlier this year of Nampak Flexibles, South Africa’s leading flexible packaging converter, in a Rand 250 million ($US22 million) deal. In a highly fragmented global market for flexible packaging, Amcor ranks as the largest and also one of the few genuinely global players.