Contents
FY09 results preview 3
We highlight what we believe will be the key issues in the upcoming FY09 results of
Amcor, PaperlinX and Gunns.
3
Amcor – results due 19 August 3
PaperlinX – results due 31 August 5
Gunns – results due 27 August 7
Sector fundamentals 9
The following industry data focuses on those sectors applicable to AMC, PPX and
GNS. We have added data on rigid pharma packing given the expanded presence
AMC would have in this area in the event it succeeds in acquiring Alcan Packaging
9
Global packaging 9
PET bottles and jars 10
Beverage cans 13
Glass packaging 14
Flexible packaging 14
Pharmaceutical packaging 18
Tobacco packaging 18
Australian packaging 19
Resin prices 21
Paper and pulp 21
Woodchips 21
Pulp prices 25
Waste paper 25
US printing and writing paper prices 26
European fine paper prices 26
European fine paper demand 27
Fine paper market shares 28
Asian fine paper prices 29
Packaging paper prices 30
Paper merchanting 30
Amcor – Buy 32
Gunns – Hold 35
PaperlinX – Sell 38