Tag Archives: Glass bottle factory

South Africa’s Nampak posts 11% revenue growth despite currency losses

South Africa-based Nampak, maker of glass bottles, metal cans and a range of cardboard boxes for the beverage industry among others, said on Monday that full-year results ending 30th September 2016 was positive, with revenue rising 11% to R19.1bn ($1.4bn) and group trading profit up 4% to R1.9bn ($139m).

The performance was due to the turnaround at Glass, good trading in Nigeria and Zimbabwe, volume increases from new customers and benefits from operational improvements that resulted in improved efficiencies and cost savings. The group-wide comprehensive performance improvement plan is delivering good results,” said Nampak CEO, André de Ruyter.

Nampak to build glass bottle factory in Nigeria

Nampak Limited, a South African glass maker for the beverage industry has agreed with partners to build glass bottle manufacturing plants in two of Africa’s most populous countries, Nigeria and Ethiopia.

The company said that it wants to take advantage of growing demand for packaged consumer goods and bottled drinks in Nigeria and Ethiopia.