Nampak to invest $180.21m in beverage packaging businesses
South Africa-based beverage packaging company Nampak is set to invest R1.6bn ($180.21m) in its two businesses that produce bottles and cans for the beverage market.
The glass bottle business at Roodekop, Germiston, will get R1bn ($112.58m) investment to add a third furnace to improve overall manufacturing efficiencies and enable it to supply a broader range of bottles.
The remaining amount R600m ($67.58m) will be used to add aluminium beverage can capacity and convert existing lines from tinplate to aluminium.
A new high speed line is being installed, followed by the conversion of the other existing lines, at the Springs plant which is slated to be opened in May 2013.
Nampak chairman Tito Mboweni said that these two projects will strengthen the company's position in the beverage can and glass packaging sectors in South Africa.
"Despite the challenging economic conditions in South Africa where we generate some 70% of our revenue we remain confident of a further improvement in performance in 2013," Mboweni added.
Related Insight
Suppliers Directory
Non-alcoholic Fruit Juice Energy & Sports Drinks Dairy Hot Drinks Soft Drinks Bottled Water
Technology Packaging Process Technology
Markets & Regulations Markets Regulatory & Safety
Packaging Intelligence
Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Buy online from $449
Comments may be moderated for spam, obscenities or defamation.