The company’s medium-sized flexibles plant in Regents Park is believed to be on the chopping block, with the board expected to deliver a decision shortly on whether it will shut the facility, a move which would effectively eliminate Amcor from the flexibles market.

Amcor has suffered a series of setbacks in the Asia-Pacific region recently, including the loss of one of its staple clients, cereal manufacturer Kellogg’s, to NZ-based Carter Holt Harvey.

The company is also facing stiff competition in the flexibles market from Asia, whilst local players Visy and Carter Holt Harvey have taken a bite out of their corrugated box market share. Its fibre packaging operations have also taken a hit, with the company announcing in October that it expected a reduction in earnings over the next six months.

Shares in Amcor have fallen 21 per cent over the past eight months.

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