Nampak Zimbabwe was created by the merging of the packaging related entities MegaPak, Hunyani and CarnaudMetalbox (CMB) in 2014 with the new entity taking over Hunyani Holdings’ stock exchange listing.
NAMPAK’S ACTIVITIES ARE SUMMARISED BELOW
The company reported a significantly improved financial performance for the half year to March 2018 with revenue growth of 23% and trading income rising by 125% to US$5,0million. The Metals and plastics packaging businesses are benefiting from the volume recovery in the beverages sector. The balance sheet is strong with significant cash resources. There are, however, constraints in meeting customer orders due to delays in foreign remittances. Initiatives are underway to increase exports to generate hard currency to cover the import requirements.