Amcor - Definition and Overview

Amcor Limited is an Australian-based multinational packaging company. Its headquarters are in Melbourne, and it is listed on the Australian Stock Exchange.

It operates manufacturing plants in 40 countries, and has approximately 30,000 employees and annual sales of 11,000 million AUD. Along with the privately-held Visy group, it dominates the Australian cardboard packaging market, and it is the world's largest manufacturer of plastic bottles.

In December 2004, the CEO, Russell Jones, resigned on the request of the board after press reports revealed that the Australian Competition and Consumer Commission was investigating the company for possibly engaging in cartel practices. Such practices, if proved, would be a serious breach of Australia's corporate laws. News of the investigation came to light after the company sued five former executives in an attempt to prevent them providing information and documents to the relevant regulator, the Australian Competition and Consumer Commission.

External links

• Corporate site (http://www.amcor.com.au)
• CNN story on cartel investigation (http://edition.cnn.com/2004/BUSINESS/12/06/australia.amcor.reut/)

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