Amcor passing on cost hikes as inflation bites
Amcor’s CEO Ron Delia is watching the threat of global inflation but remains confident in underlying demand for its consumer packaging products.
Amcor’s CEO Ron Delia is watching the threat of global inflation but remains confident in underlying demand for its consumer packaging products.
This global giant has just pushed through the equivilent of $1.8bn in annual price rises onto customers.
The meetings come after Xi Jinping told the US President he would take ‘drastic actions’ if he felt provoked on Taiwan.
Ron Delia was just 43 when he took over as chief of Amcor in mid-2015. He prefers to let the group’s numbers speak for themselves and they are impressive.
Growth in meat, coffee and pet food packaging offset a fall in demand for healthcare as Amcor delivered a record annual profit.
Global packaging giant Amcor continues to cash in on the new COVID world order, with working from home driving demand for consumer products.
Packaging giant Amcor has lifted earnings guidance and declared a 16.55c a share dividend for the first quarter.
Demand for ready meals, coffee, home cleaning and healthcare during COVID-19 has delivered for Amcor.
Original URL: https://www.theaustralian.com.au/topics/amcor/page/2