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. Combined with the benefits from the recent Alusa acquisition, the flexibles segment is expected to deliver pre-tax earnings growth of more than US$100 million over the next 3 years.