Amcor negotiating to buy Indian packaging business

Flexible packaging giant Amcor Ltd. is looking to expand in India through another acquisition. Australia-based Amcor is negotiating with Chennai, India-based Murugappa Group to buy its Tuflex division, which makes flexible packaging, said Plasticsnews.

"We have signed an agreement in July to purchase flexible packaging plant located in Gujarat," said Ralf Wunderlich, president & managing director of Amcor Flexible Asia Pacific, in an email response to questions from Plastics News from his Singapore office. Amcor is looking for bigger presence in Indian USD30 billion packaging sector, which is growing 12% annually. "We are looking forward to closing this transaction soon," Wunderlich said.

Terms of the deal were not disclosed. Amcor acquired Uniglobe Packaging Ltd. last year and before that Alcan Packaging — which included operations in India — in 2009. Amcor has plants in Daman, Chaken and Haridwar, India.

Amcor Limited is an Australian-based multinational packaging company. It operates manufacturing plants in 42 countries. It is the world's largest manufacturer of plastic bottles.

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