Nampak's three-year plan, which includes major strategic investments, valued at over R1-billion, will deliver real earnings growth and deliver value in 2009 and beyond.
The interim results reveal that revenue has increased by 4% and headline earnings per share grew by 25%. The earnings growth strategy for the next three years builds on the advancements made over the past two years and includes major capex projects, acquisitions, disposals, profit improvement measures and more effective use of the groups' strong balance sheet and cash-generation capability. Among the main features of the plan are Volume growth of 3-4% per year, major investments in growth projects and ongoing business portfolio review including acquisitions and disposals.
As a significant investor and contributor to environmental and recycling initiatives coupled with active participation in industry forums, Nampak has been favourably positioned with regard to environmental matters and recycling targets.
With the establishment of the first BEE sheet plant in South Africa and Nampak's commitment to BEE, we have set up a range of interventions and initiatives, each designed to ensure that the sheet plant is given the best chance of success. The current support mechanisms include technical and management assistance as well as preferential materials pricing and a buy-back agreement in terms of finished products.
Nampak has not only facilitated the creation of the first BEE sheet plant in the country but has also provided continued employment for people who in normal circumstances may have lost their jobs.
Visit our PRESS OFFICE: At Nampak, Africa's largest packaging company, we offer the broadest product range of any packaging company in the world, manufacturing metals, glass, paper and plastics.- more....
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