Amcor plans US tube plant

Australian packaging company Amcor Ltd. said its North American plastic tube business, Amcor Plastube, plans to build an A$ 30 million flexible tube plant in a deal with Hoffmann Neopac AG of Switzerl…

Australian packaging company Amcor Ltd. said its North American plastic tube business, Amcor Plastube, plans to build an A$ 30 million flexible tube plant in a deal with Hoffmann Neopac AG of Switzerland. The two companies had entered into a manufacturing and licensing agreement which would give Amcor access to Hoffmann“s proprietary Polfoil plastic tube technology used to make easy-to-decorate seamless extruded tubes, Amcor said. Scheduled for completion in October 2002, the new plant would use this technology to supply the small but growing market for boutique cosmetics, an Amcor spokesperson said. Amcor Plastube will continue to supply the US market with standard plastic tubes for packaging from its Canadian manufacturing plant in Quebec. “This is an important step in the development of our plastic tube business in North America,” Amcor managing director Russell Jones said in a statement. He said Amcor Plastube had delivered returns 15% above expectations. Hoffmann is a family-owned specialist packing firm with annual sales of A$ 140 million.