Africa's packaging giant vows to strengthen Zambia base

Africa’s biggest packaging company, Nampak, says it will focus its investment in the next three years into the Zambian economy, which is expected to grow at 7.3 per cent rate in 2013. The Zambian economy is expected to grow by 6.9 per cent in 2012 before picking up to 7.3 per cent in 2013. Company chief executive officer Andrew Marshall says because of the positive treads, Nampak is turning its focus to its Zambian market to drive its growth strategy of generating at least 25 per cent of its revenue from the rest of the continent by 2017. Mr Marshall disclosed that while Angola, Kenya and Nigeria were among the main priority areas, Zambia offers more strategic opportunities for the packaging group. He said having been active in Zambia since the 1990s, Nampak currently manufactures 380 million units a year of liquid cartons for opaque beer and had more than 30 filling machines in the country. According to a statement obtained by the Daily Mail, Mr Marshall said Africa’s biggest packaging company is also preparing to export its liquid cartons to other countries in the region. “The success of SABMiller and National Breweries in Zambia’s opaque beer market segment prompted it to seek to develop its opaque beer businesses in more than 10 African countries over the next three years,” Mr Marshall said. He said the company has a long history with SABMiller and was looking forward to growing with them, not only in opaque beer, but with other packaging mediums also. (AFP)   Source – The Citizen

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