Mpact injects R1.2bn into expansion to meet containerboard demand
The approval highlights board’s confidence in the growth prospects of the SA fresh produce sector
14 December 2022 - 20:36
The board of packaging manufacturer Mpact has approved a R1.2bn capital injection into its Mkhondo Paper Mill, as the group looks to capitalise on the surging demand for containerboard, driven by booming fruit export markets.
The investment into the Mpumalanga mill, which is in line with Mpact’s strategy to pursue organic growth, aims to strategically position the Mkhondo mill to meet the increasing demand for quality, sustainable fresh produce packaging solutions, driven by robust growth in the SA fruit export sector...
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