Mpact warns of profit slump amid electricity disruptions
Failure of a municipal substation in Ekurhuleni cost one of its mills 22 days of production, and R27m
27 July 2020 - 14:12
Paper and plastics packaging group Mpact is expecting a sharp fall in profits for its half year to end-June amid electricity disruptions and weak international demand for some of its paper products.
The group said it had faced weak economic conditions in SA, lower margins in the paper business due to weak international demand for recycled containerboard, as well as persistent electricity disruptions, notably at its Springs paper mill...
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