PACKAGING group Transpaco, renowned for its no-frills operational approach and smart acquisition strategy, defied sluggish economic conditions to post a 38% increase in the bottom line in the year to end-June.Its more illustrious peers, such as Nampak and Astrapak, have struggled in tighter trading conditions in SA.Transpaco CEO Phil Abelheim said the performance was supported by controlled operating costs through improved manufacturing, distribution, and administration efficiencies.Despite higher input costs — particularly in labour, energy, and raw materials — Transpaco fattened its margin to 9.2% from 8.1% in the previous financial year. Abelheim said a robust performance from the plastics division, including a strong contribution from recently acquired East Rand Plastics, pushed Transpaco’s turnover up 26% to more than R1.7bn.The company’s divisional review showed turnover in the plastics division had grown 37% to R1.23bn.The top-line growth in the smaller paper and board produc...
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