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ASTRAPAK LIMITED - Voluntary announcement - significant investment and business partnership

Release Date: 24/06/2015 08:50
Code(s): APK APKP     PDF:  
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Voluntary announcement - significant investment and business partnership

Astrapak Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1995/009169/06)
Share Code: APK
ISIN: ZAE000096962
Share Code: APKP
ISIN: ZAE000087201
("Astrapak" or “the Group”)

VOLUNTARY ANNOUNCEMENT – SIGNIFICANT INVESTMENT AND BUSINESS PARTNERSHIP

Astrapak has concluded a multi-year supply agreement (“agreement”) in a significant partnership deal
that has been reached with one of South Africa’s largest FMCG companies, which will see the Group
continue to supply a major portion of their personal care and food packaging requirement.

The agreement involves the operations of three of Astrapak’s manufacturing facilities – Plastop KZN
(using state-of-the-art injection blow moulding and extrusion blow-moulding technologies), JJ
Precision Plastics (the centre of injection blow-moulding excellence for Astrapak) and Marcom
Plastics (thin walled injection moulding and in-mould labelling specialists) and requires investment
behind all these core moulding technologies with a combined investment of R170m by both the
parties.

The agreement solidifies the long-term partnership between the two businesses and shows
Astrapak’s commitment to supply and invest into innovative, high-quality plastic packaging solutions,
thereby re-affirming Astrapak’s leading position in its core technologies and the personal care and
foods end markets.

For Astrapak, this represents a major milestone in terms of its future strategy, and confirms the
strategic decision made to embed Astrapak as a major player in the fast moving consumer goods
sector in its chosen technologies.


Johannesburg
24 June 2015


Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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