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NPK - Nampak Limited - Nampak Wiegand Glass Invests R500m in Glass Bottle

Release Date: 07/04/2011 09:25
Code(s): NPK
Wrap Text

NPK - Nampak Limited - Nampak Wiegand Glass Invests R500m in Glass Bottle Manufacturing NAMPAK LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/008070/06) ("Nampak") ISIN: ZAE000071676 Share code: NPK NAMPAK WIEGAND GLASS INVESTS R500m IN GLASS BOTTLE MANUFACTURING Nampak Wiegand Glass is to invest almost R500 million in rebuilding and expanding one of its furnaces at its glass bottle manufacturing facility at Roodekop, Alberton. Furnace 2 which is nearing the end of its useful life will be rebuilt at a larger capacity and at the same time improved bottle-forming equipment will be installed. This will enable Nampak Wiegand Glass to meet customer demand and enter new markets from which it was previously excluded. Commissioning is planned for the first quarter of 2012. Andrew Marshall, Nampak CEO said "Nampak Wiegand Glass is part of Nampak`s core metals and glass segment and this investment strengthens our position as a reliable supplier to the growing glass packaging market." Sandton 7 April 2011 Sponsor: UBS South Africa (Pty) Limited Date: 07/04/2011 09:25:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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