Displaying items by tag: Amcor

Metso and Amcor Packaging (Australia) Pty Ltd have executed an agreement for the supply of mill maintenance services for Amcor’s Botany mill B9 board making line in New South Wales, Australia. The value of the agreement will not be disclosed.

The B9 containerboard production line at the Botany mill will be supplied by Metso and it is scheduled to start up in mid 2012. This main order for the line was received from Amcor and published in 2008.

With this multi-year mill maintenance agreement, which became effective as of July 12, 2011, Metso will assume full responsibility for the establishment of maintenance operations, mill maintenance services and management of improvement projects for the stock and paper production facilities as well as the mill utilities at the Botany mill.

The Metso mill maintenance model optimizes the use of proactive, condition-based maintenance and is based on Metso's streamlined reliability centered maintenance (RCM). The model ensures the highest possible equipment efficiency and cost optimization.

Amcor Packaging (Australia) Pty Ltd is part of Amcor Limited. Amcor Limited is a global packaging manufacturer offering a broad range of plastic, fibre, metal and glass packaging products, along with packaging-related services. It has annual sales of about EUR 9 billion and 35,000 employees worldwide, through more than 300 manufacturing sites it operates in 43 countries.

Continuing progress on its new paper mill in Botany, Amcor has awarded Leighton Contractors the $110m contract for the facility. Under the contract, Leighton will design and construct the paper machine building, waste paper yard, mill offices and control room.

Peter Handel, executive general manager of Leighton Contractors’ industrial and energy division said Amcor had become increasingly well known throughout the world for its packaging innovation.

He says, “The new Botany paper mill represents the future of environmentally sustainable paper manufacturing worldwide. We are proud to be selected by Amcor to be part of such a significant project and one that represents a pivotal part of its future.”

The Botany mill is expected to generate high quality recycled paper from waste collected throughout the Sydney area. It will produce paper-based products across a wide range of weights and create packaging that is light, efficient and environmentally friendly, according to Amcor.

Also commenting, Mark Chilcote, general manager of Leighton Contractors’ industrial and energy division said Leighton’s existing knowledge of Amcor’s business, and proven track record in managing a similar project for the company, was a key factor in securing the project.

Chilcote says, “Over the past 10 years, we have successfully delivered stages one, two and three of the Amcor glass container manufacturing plant in Gawler, South Australia.

“These container glass plants have firmly established Amcor as a leading supplier in that business sector and we are confident the new Botany paper plant will be similarly successful.”

Amcor announces today the acquisition of B-Pack Due, a cast polypropylene (CPP) film manufacturer based in Italy.

1 October, 2010:  The acquisition price is €43 million and represents an EBITDA multiple of 4.9 times annualised EBITDAi of €8.8m.The business had sales in CY2009 of €43 million.

B-Pack Due is a leading manufacturer of film for high performance applications using complimentary technology to Amcor’s existing platform.  Key end markets are medical, pet food and other laminated food packaging. Amcor currently purchases approximately a third of B-Pack Due production.
 
As part of the acquisition of B-Pack Due, Amcor has also entered into an exclusive supply agreement with Colines S.p.A, a world leading manufacturer of extrusion lines, and supplier to B-Pack Due.  The exclusivity agreement, which covers large capacity lines, provides Amcor with protected access to a world leading CPP manufacturing technology that will serve as a platform for anticipated further expansion in CPP films.

Amcor’s Managing Director and CEO, Ken MacKenzie said: “This acquisition is an important step in the overall film strategy for the flexibles business.

“B-Pack Due is a global leader in the production of cast polypropylene film and has a number of specialised products and unique process know-how.
 
“This acquisition is complementary to our existing operations as Amcor currently does not have a large position making these films.

“The acquisition price of 4.9 times EBITDA enables us to achieve very strong returns on our investment”.

i Annualised EBITDA is based on second quarter calendar year 2010 earnings. This is the first quarter that additional production from capacity commissioned in February 2010 was fully available for sale.  Based on calendar year 2009 earnings, the EBITDA multiple is 5.3 times.

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The NSW Government has praised an investment of more than $400m by Amcor Australasia for a new paper recycling facility at Botany. The new facility is expected to be the most advanced and environmentally sustainable mill of its type in the Asia Pacific.

The facility will consolidate Amcor's entire recycled paper production for Australia and New Zealand, creating an Asia-Pacific centre for paper making.

NSW treasurer Eric Roozendaal said the investment would be the largest proposed capital investment in the 140 year history of Amcor.

He says, “Amcor has operated recycled paper machines at its Botany site for 50 years and has a proud history of paper making at the site. But growing international competition saw the Botany Mill facing possible closure with its work being consolidated elsewhere.

“The upgrade will mean that existing employees will have a chance to secure employment in the upgraded mill and additional new employees will be required at several levels to operate the mill.”

The new plant will be capable of producing Amcor’s total requirements of cardboard each year from recycled paper.

Also commenting, Member for Maroubra, Michael Daley said in addition to supporting the jobs of current employees, the project will create major work opportunities for new mill employees as well as sub-contractors and suppliers.

Daley says, “The upgrade is also expected to support more than 800 jobs during construction. I’m especially pleased that the new mill as will have a significant reduction in odours for local residents. This is something we have been working hard on for a long time.”NSW Government backs Amcor mill investment