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BRIEF-Amcor announces initiatives focused on the Flexibles segment

Published 09/06/2016, 08:40 am
Updated 09/06/2016, 08:50 am
BRIEF-Amcor announces initiatives focused on the Flexibles segment
AMC
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June 9 (Reuters) - Amcor Ltd AMC.AX :

* Initiatives are expected to generate a pre-tax return of approximately 35% on the cash invested within three years

* The total cash investment is expected to be US$120 million to US$150 million across the 2017 and 2018 financial years

* Of the pre-tax costs, approximately US$90 to US$100 million is expected to be incurred in the 2016 financial year

* Initiatives announced are focused on the Flexibles segment

* The flexibles segment is expected to deliver pre-tax earnings growth of more than US$100 million over the next 3 years

* Footprint optimisation in Flexibles segment will likely result in the restructuring or closure of several plants in developed markets

* Source text for Eikon ID:nASX5889fD

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