Packaging giant Amcor will split its flexibles business into two new groups – Flexibles Americas and Flexibles Europe, Middle East and Africa.
Amcor said in a statement that the geographic split will leave each group responsible for pharmaceuticals, hospital supplies and food and drink pouches in its specific boundaries.
The company said that, along with stronger global collaboration including with the Flexibles Asia Pacific business, these organisation changes are intended to provide opportunities to further improve its global product offering and create value for customers.
The Flexibles Americas business will now report directly to the Managing Director and CEO, and will focus on accelerating Amcor’s growth in the North American market and pursuing opportunities in Latin America, regions where Amcor’s market share is less than 5%.
The Flexibles Europe, Middle East and Africa business will continue to focus on growth driven by innovation, cost and efficiency improvements as well as opportunities in emerging markets.
“The new geographic based structure will allow our Flexibles business groups to focus on the strategic priorities in each region and to accelerate profitable growth,” said Amcor’s Managing Director and CEO, Ron Delia.
“At the same time we will ensure stronger collaboration across regions, building on our position as the global leader in flexible packaging to deliver greater value for all stakeholders.”
The change will be effective from 1 July.