News: AMC Amcor announces initiatives focused on the Flexibles segment

June 9 (Reuters) - Amcor Ltd (AMC) :

• 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