KAP Industrial upbeat amid robust demand
Global supply chain disruptions helped the group grow cash generation by two-thirds
20 August 2021 - 08:50
UPDATED 22 August 2021 - 16:07
Diversified industrial, chemicals and logistics group KAP Industrial is upbeat about its prospects amid robust demand for home improvement, while global shipping disruptions have also proved beneficial as customers increasingly look to local manufacturers.
The group — which manufactures products such as automotive components, mattresses, chemicals, polymers and timber items — said its decentralised nature also paid off in its year to end-June, when cash generation jumped two-thirds to R3.5bn, with the group resuming dividends with a R380m payout...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.