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16.06.2016 0

Amcor to shut down plants in Europe

The worlds largest packaging producer Amcor has announced to structure or close several plants in developed markets. Collectively these initiatives are expected to generate a pre-tax return of approximately 35% on the cash invested within three years, delivering a profit before interest and tax benefit of US$40 million to US$50 million. The total cash investment is expected to be US$120 million to US$150 million across the 2017 and 2018 financial years.

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