Nampak sees USD 482mn investment opportunities for Africa.

By bne IntelliNews August 31, 2012
South African Nampak, Africas largest packaging company, sees investment opportunities worth a total of USD 482mn that will enable it expand in Africa outside its home country in the next three to five years, a presentation on the companys website showed. It said it could invest USD 344mn in west Africa, USD 15mn in east Africa and USD 3mn in southern Africa. In addition to the identified investment opportunities, the company has initiated concrete projects worth USD 16mn for the region that will be completed during the next three years. Nampak CEO Andrew Marshall said that while Angola, Kenya and Nigeria are among the main priority areas, a special focus will be put on Zambia, as Nampak sees there a number of strategic opportunities, which will help it achieve its growth strategy of generating at least 25% of its revenue from African markets outside South Africa by 2017 from 20% now. Nampak has two manufacturing sites in Zambia, in Lusaka and Ndola, with an annual capacity of 380 million units a year and has more than 30 filling machines locally. Its revenue in Zambia for the first six months of 2012 exceeded ZAR 300mn (EUR 28.3mn) and was the third largest after Angola and Nigeria. Nampak operates in 13 African countries, including South Africa, as well as Angola, Botswana, Ethiopia, Kenya, Malawi, Mozambique, Namibia, Nigeria, Swaziland, Tanzania, Zambia and Zimbabwe. The groups revenue reached ZAR 8.8bn in H1 2012, up 10% y/y.

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