Amcor Flexibles Americas Raising Prices in Response to Raw Material Cost Increases

BUFFALO GROVE, Ill.--()--Amcor Flexibles Americas today confirmed price increases for products in North and South America, triggered by recent spikes in raw material costs as a result of recent natural disasters and supply chain disruptions.

“Recent natural disasters have caused resin and other raw material costs to rise significantly, and we, like our industry peers, are facing supply chain disruptions”

Amcor Flexibles Americas has contacted affected customers in the past two weeks to implement these price adjustments. The increases range from 5-10% in South America, with similar increases also underway in North America.

“Recent natural disasters have caused resin and other raw material costs to rise significantly, and we, like our industry peers, are facing supply chain disruptions,” said Tom Cochran, President of Amcor Flexibles Americas. “We remain committed to finding solutions to minimize the disruption of these events to our customers and will continue to implement various contingency plans, leveraging Amcor’s global scale.”

About Amcor Flexibles Americas
Amcor Flexibles Americas (AFA) is a division of Amcor, the market leader and the world's largest supplier of flexible packaging. With 16 plants in 6 countries, we deliver innovative packaging solutions and provide enhanced quality products for the food, beverage, pharma, personal care, medical and industrial markets. Its award-winning approach towards sustainability makes Amcor Flexibles Americas the preferred partner for customers looking for responsible packaging solutions. For more information, visit www.amcor.com.

About Amcor Ltd.
Amcor Limited (ASX: AMC; www.amcor.com) is a global leader in responsible packaging. Amcor develops and makes innovative flexible and rigid packaging that is functional, appealing and efficient for the company's customers and their consumers, and more sustainable for the environment. Ninety-five percent of Amcor's sales are into the food, beverage, health care, and tobacco industries. The company employs more than 35,000 people worldwide, operating in 40-plus countries across 200 sites.

Contacts

For Investors:
Amcor Ltd.
Tracey Whitehead, +61 3 9226 9028
Senior Vice President, Investor Relations
or
Media:
J. Grande communications Inc.
Joseph Grande, 413-684-2463
joe@jgrandecommunications.com

Release Summary

Amcor Flexibles Americas Confirms Price Increases.

Amcor Limited