Mpact eyes investment into innovative and sustainable solutions
Strong SA demand and price increases helped group profit rise almost a quarter in its 2022 half year
08 August 2022 - 08:59
UPDATED 08 August 2022 - 19:18
Southern Africa’s largest paper-and-plastics packaging business and recycler, Mpact, says it is targeting the fruit export, convenience shopping, recycling and waste-management sectors, which it says are tipped for huge growth as they are shielded from SA consumer spending patterns.
This comes as the Johannesburg-based group reported price increases and strong SA demand had helped profits rise almost a quarter in its half-year to end-June, cautioning that margins are under strain from surging costs, and it is already in talks with clients about further price hikes...
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