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.