×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.