Group profits are on the rise and Amcor Flexibles shows no signs of slowing, as it locks down a regional deal with Atlas Converting Equipment for supply of Titan slitter-rewinders. The partnership kicks off with four Titans going in, firing up the flexible packaging business’s rapid growth across the region.
The packaging giant reported a half-yearly profit of $326.6 million, jumping up 21.2%, with a 7.2% increase in its flexibles segment alone. The freshly signed agreement provides standard machine specifications and options for the Titan slitter-rewinders, with a streamlined ordering and commissioning process. According to Ralf K. Wunderlich, Amcor Flexibles Asia-Pacific, president, the deal signposts the company’s growth in the region.
- Alan Johnson (Atlas) and Ralf K. Wunderlich (Amcor) shake on it
“We are very pleased to be partnering with Atlas and are confident that with their global reach and expertise, we will be well supported throughout Asia Pacific to continue to deliver the safest, the most innovative packaging solutions to our customers,” said Wunderlich.
He adds that it will enhance Amcor’s ability to more rapidly respond to the needs of its customers in a high-growth region. Wunderlich and Alan Johnson, Atlas Converting Equipment’s managing director, sat down to finalise the deal, which will include quarterly reviews to monitor progress.
“As the largest flexible converter in the Asia Pacific region, Amcor’s choice to appoint Atlas Converting as their preferred vendor is a win for us, and no doubt this relationship will strongly benefit both partners,” said Johnson.
Atlas Converting Equipment has been handled locally through TCL Hofmann for the past seven years. Hamed Mansouri, capital equipment manager, TCL Hofmann, confirms that the new deal will not affect the agency in Australia.
"It will still be through us. The details of exactly what it covers and how it will be handled throughout the chain are still be worked I out," said Mansouri.