Managing Director's Review

Two years into ‘The Way Forward’ agenda the businesses are better positioned, with strong growth opportunities and a clear focus on improvement.

A number of growth projects have been announced, with some already completed, and turnaround programs for underperforming businesses commenced. The key events are shown at right.

There has also been improved capital discipline and a focus on generating a positive free cash flow. An important component of improving the cash flow has been a $380 million reduction in working capital over two years.


A more focused approach to talent and performance management is developing the quality of our people. This has included substantial capability building in the sales and marketing function to develop a more customer focused organisation.

Finally the culture is changing. There is a more disciplined approach to everything we do. Amcor is moving forward and the foundations are in place for ongoing improvements. The outlook for the current year is for improved earnings from all the business units on a continuing business basis.



Ken Mackenzie
Managing Director
and Chief Executive Officer

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