Amcor eyes emerging markets for growth

Packaging maker Amcor is looking to accelerate growth by expanding its presence in emerging markets, where it says it can achieve sales growth of between 10 and 15 per cent without making any new acquisitions. Amcor also said on Thursday that it expected earnings in 2012 to be substantially higher than in 2011 as a result of improvements to its operations and higher than expected benefits arising from recent acquisitions. Amcor acquired Alcan Packaging for $A2.3 billion in August 2009 and bought US plastic packaging business Ball Plastics for $US280 million