Nampak to build bottle manufacturing plants in Nigeria and Ethiopia
The Johannesburg-based company has reached a preliminary agreement with a partner for a factory in Ethiopia and is now seeking financing for a project with a potential cost of $68 million, CEO Andre de Ruyter says.
That will help supply drinks makers including brewer Heineken and soft drinks producer Coca-Cola, he says. Nampak has also "made good progress" on a Nigerian factory.
"Africa is the story for us," Mr de Ruyter says. "People talk about Latin America, they talk about India, China or other emerging markets, but we think the opportunity that we’ve got in Africa is so big and this is what we know we can do well." ■