Packaging giant Amcor has boosted its operations in China with the acquisition of the Zhongshan Tiancai Packaging Company in the southern Guangdong province.
Amcor Flexibles Asia Pacific (AFAP) said the deal expands Amcor’s footprint in China to a total of ten manufacturing plants across the country. “The acquisition is testament to our commitment to Amcor’s growth in China,” said Ralf K. Wunderlich, president AFAP.
“About 390 skilled staff members will join Amcor and bring with them strong packaging expertise to benefit our customers in the South China region and beyond," he said. "As a market leader in flexibles packaging in China, it is also an opportunity for us to further build our innovation expertise and product offering for our customers.”
Zhongshan Tiancai Packaging consists of one manufacturing plant specialising in printing and manufacturing multi-layer films for the food, beverage, and pharmaceutical end markets.
AFAP is a subsidiary of Amcor Limited and employs more than 7,000 people across 37 manufacturing plants in eight countries. The company provides a range of flexible packaging solutions to customers across the Asia Pacific region. The AFAP portfolio is supplemented by products manufactured by Amcor in Europe and the Americas for a range of industries including food, personal care, home care, and healthcare.
Amcor, a global leader in flexibles and rigid plastics packaging, employs 27,000 people worldwide and has operations across 43 countries.
Last month, the company said it would send 30 jobs from its Melbourne head office to Zurich but denied reports that the move was part of a plan to shift its corporate headquarters out of Australia.