Mpact designates R500m for investment to expand capacity
The amount will be invested in new technology, plants, equipment and solar power production
Packaging group Mpact announced on Tuesday that it had earmarked R500m in new investments to expand capacity to meet growing customer demand.
The planned capital expenditure came with a trading update, which showed a recovery in its financial results after hitting a soft patch in 2020 due to the fallout from Covid-19. ..