to invest in R600 million ($90.5 million) in a new beverage can facility in Angola. The new facility will be developed in Viana, a newly developed industrial area near the country's capital Luanada. Nampak Group Chief Executive Officer (CEO) John Bortolan noted that the development of a ...
Nampak recorded reversals of asset impairment losses of R471m compared to net impairment losses of R1.1bn in the prior year. These were due to net impairment reversals of R272 million and R234 million related to Diversified South Africa and Beverage Angola respectively, reflecting the improved outl...
Nampak in Africa.The article discusses on the business expansion of packaging group, Nampak Ltd. in Africa. The company is developing its investments in Angola and Nigeria to intensify exponentially its business in Africa. Nampak expects growth in the Economic Community of West African States, as ...
It is also doubling its beverage can-making capacity in Angola.In terms of glass, Nampak is looking at both greenfield and brownfield growth opportunities in West and East Africa.Rob Morris, group executive, Africa and glass, told this publication, Economic growth levels in the rest of Africa...