http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.77Change: 0.20
R/$ = 15.81Change: 0.00
Au 1234.50 $/ozChange: -19.25
Pt 956.00 $/ozChange: -6.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 11, 2011

Mondi’s unbundled packaging unit makes JSE debut

Back
Mpact CEO Bruce Strong discusses the company's growth strategy. Editing: Lionel da Silva.
 
 
 
Africa|Namibia|Packaging|Africa|Manufacturing|Packaging|Operations
Africa|Namibia|Packaging|Africa|Manufacturing|Packaging|Operations
africa-company|namibia|packaging-company|africa|manufacturing|packaging|operations
© Reuse this



The listing of Mpact, previously called Mondi Packaging South Africa (MPSA), on the JSE would enable the packaging company to take further advantage of growth opportunities, CEO Bruce Strong said on Monday.

Shares in Mpact started trading at R16 apiece when the market opened in Johannesburg, but traded at R13.99 by noon.

Mondi announced in April that it would separate its MPSA from the group through a demerger to give the South African unit more flexibility to develop its core growth areas. The demerger is effective from July 18.

Strong said Mpact had identified opportunities for its rigid plastics, paper-based packaging and packaging paper divisions, both in South Africa and Africa. The company would pursue a balanced mix of organic, greenfield and acquisitive growth, he added.

In 2005, Mpact posted R2.8-billion in revenue, which grew to R5.7-billion in 2010. “Becoming an independent listed business, marks a new beginning for Mpact. The company will continue to leverage its position locally and focus on growing revenue and profitability,” Strong said.

Mpact has 22 manufacturing operations and 29 operating sites based in South Africa, Namibia, Mozambique and Zimbabwe, and 3 500 employees.
 

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Forests News
The Philippine Department of Trade and Investment (DTI) aims to position Mindanao as the country’s rubber product manufacturing hub. Mindanao currently supplies 99% of the country’s national rubber production. DTI region 9 director and national coordinator for the...
Chemicals and pharmaceuticals company Bayer has joined forces with the Howick-based Future Farmers Foundation to show its support for the Future Farmers initiative. This reinforced Bayer’s commitment to local agricultural development through sustainable food...
South Africa must formally declare a national disaster for the government to release relief funds to help farmers through the worst drought in a century, the country's largest grain producer group said on Wednesday. While higher than expected January plantings saw...
Article contains comments
More
 
 
Latest News
Updated 18 minutes ago Kelibone Masiyane has been appointed the new MD of PPC Zimbabwe, succeeding Njombo Lekula, who had recently been redeployed as MD of PPC’s international operations. Masiyane would be supported by new PPC commercial director Iain Sheasby and new PPC GM of finance...
Updated 22 minutes ago Government says it hasn’t yet selected the “lead agent” for its R740-million municipal broadband project, despite indications that Telkom could win the deal. At the 2015 State of the Nation Address (Sona), President Jacob Zuma said government had “decided to...
AMSA's Saldanha Works
Updated 25 minutes ago ArcelorMittal South Africa is looking for an independent power producer to build an 800 megawatt gas-fired power station on land at its Saldanha steel works to help ensure its survival, CE Paul O'Flaherty said. ArcelorMittal, which is reviewing its Saldanha operation...
More
 
 
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
 
 
 
 
 
This Week's Magazine
WIDENING FLEXIBILITY The trailers have a 3-m-wide (2-file) and 4.3-m-wide (2-file) configuration
Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $149 Close
Subscribe Now for $149