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2006-05-01 News Headlines

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New PET packaging blowmolding plant

Amcor announces that its PET Packaging operation in North America is constructing a new custom PET blowmolding plant, in Wytheville, Virginia.

Amcor announces that its PET Packaging operation in North America is constructing a new custom PET blowmolding plant, dedicated to the supply of PepsiCo heat set containers, primarily for the Gatorade product.

The plant will be located in Wytheville, Virginia, USA, adjacent to a recently constructed PepsiCo facility. Amcor’s new blowmolding operation is scheduled to be in production by March 2007 with an initial annual capacity in excess of one billion units. The overall project cost is US$80 million.

Amcor’s Managing Director and CEO, Mr Ken MacKenzie said: “This project is a strong fit with our stated strategy of investing in the custom PET sector. Amcor brings excellent technology to the fast growing hot filled beverage segment.

“This is a world class, large scale plant co-located with a customer who is a leader in this market segment. The plant’s profitability is underpinned by a long term agreement that reflects the value this new operation provides to both Amcor and our customer.”

Amcor Limited’s group of companies is comprised of six main operating companies, four of which are headquartered outside Australia. Most of these specialize in specific sectors of the packaging market, which include Amcor Australasia, Amcor Asia, Amcor Flexibles, Amcor Rentsch & Closures, Amcor PET Packaging and Amcor Sunclipse.

Find information about Amcor Ltd.

Amcor is ranked in the Top 100 of Australian listed companies with shares trading on the Australian Stock Exchange and on the NASDAQ National Market System in the US.

Read a recent press release form AMCOR about; Amcor Ltd, Amcor Packaging, Australia, respond to alleged cartel activities in the corrugated box market and make significant changes with the senior management team.'

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