Page 6 - Packaging News Magazine Sep-Oct 2021

6 NEWS |
www.packagingnews.com.au | September-October 2021
TOP CLICKS
1AMCOR BRINGS COMPOSTABLE FLEXIBLES TO ANZ MARKET
Amcor Flexibles partners with TIPA to bring its
compostable packaging
technology to Australia and 2New Zealand. (See p18)
SPC’S BOLD MANDATE ON VACCINES FOR ALL STAFF Australian manufacturer SPC makes the bold move to mandate vaccination for
all staff by end November to gain entry to any company location. (See p8)
3HMPS DELIVERS ALMONDCO’S $25M PLANT EXPANSION Almondco’s $25m expansion in SA sees HMPS deliver the
integrated turnkey processing and packaging system increasing production output by
4400 per cent. (See p26)
IMPACT INSTALLS TUBE EXTRUSION LINE MID-PANDEMIC
Impact International installs and commissions a new
five-layer extrusion line successfully, despite restrictions imposed by the current Covid-19 lockdown.
5(See p11)
TIP TOP DITCHES 100M
PLASTIC TAGS
The rollout of bread brand Tip Top’s recyclable bread tags reaches NSW and
Victoria following the initial release in SA. (See p28)
6NUTURA ADDS ART
AND TECH TO NEW PACKAGING DESIGN Nutura Organic unveils a new design for its 3-stage children’s nutritional formula
range, which features art by children’s author and illustrator Cheryl Orsinsi. (See p34)
Orora looks to growth on strong results
TOP STORIES FROM THE PACKAGING NEWS WEBSITE PACKAGINGNEWS.COM.AU
Strong performer: Cans
PACKAGING solutions provider Orora saw its full year profits rise on last year, and says it is now well positioned to pursue new growth opportunities, both in its Australian beverage busi- ness and in North America.
Sales revenue was flat at $3.54bn, but on a constant cur- rency basis was up 7.8 per cent on last year, the difference reflecting the decline in the Aussie dollar against the US greenback – the USA is where most of the company’s revenue
now comes from.
Net profit after tax rose
strongly, up by 23.7 per cent to $156.7m, and on a constant cur- rency basis up by a 34 per cent on the previous year. Its EBIT rose by 11.6 per cent to $249m, or 17.3 per cent on a constant currency basis.
Sales revenue from Australia grew by 6.1 per cent to $834m, with EBIT up by 2.5 per cent to $150m, driven by cans and clo- sures. Brian Lowe, MD and CEO, said Orora will build an entirely
new can manufacturing line, to go into an existing facility, and which is scheduled to be on stream in two years time.
The company’s glass business took a hit thanks to tariffs on Australian wine imposed by China. However, it had made up 90 per cent of what had been lost in China, mainly with new pro- duction for beer and non-alco- holic beverages bottles.
Orora said it has progressed its sustainability agenda with “significant advances on circu- lar economy initiatives” and “solid progress” on its five-year Eco Targets.
The company has committed to net zero Scope 1 and 2 emis- sion across all its operations by 2050, and says it knows how it will get a 40 per cent reduction by 2035, with further reductions after that coming through advances in technology.
It also has a 60 per cent recy- cled content target for glass by 2025, and is currently building a new $25m glass recycling line at it Gawler plant that will be able to handle 400 million bot- tles a year. ■
Amcor to buy as profits rise
PROFITS at packaging giant Amcor are approaching US$1bn, with chief executive officer Ron Delia signalling the company is looking at acquisition to drive further growth.
Amcor’s full year revenue was up by 3.2 per cent to US$12.9bn, its EBITDA rose by six per cent to $US2.02bn, while its net profit jumped by 53 per cent or $US$327m, to US$930m.
Flexibles and rigids both saw growth, with flexibles up to US$10bn from US$9.75bn in 2020, with a 10 per cent rise in EBIT, up to US$1.43bn, while rigids rose to US$2.82bn from US$2.72bn, with an EBIT of
US$299m from US$284m. Amcor’s position in grocery staples, healthcare and medi- cine had given it a strong plat-
form in Covid.
“It was an exceptional year
with record earnings, excep- tional margin management, despite steep raw material cost increases, and supply con- straints, and momentum build- ing through the year. Organic sales growth was two per cent, and we exited the year in Q4 with sales higher than the prior year,” Delia said.
Delia indicated Amcor was back on the acquisition trail, and was looking at Asia in
ABOVE: Consumer packaging leader: Amcor CEO Ron Delia.
particular, but would not pay over the odds for a business.
Amcor is now listed on the NYSE following its US$9bn transformational acquisition of Bemis two years ago. ■