Nampak mulls sale of glass business

摘要

JSE-listed packaging company Nampak plans to dispose of its glass business, as market demand exceeds the operation's capacity to supply products, given ongoing production limitations. Progress within the business has not been as fast as desired and it is expected to make a loss for the half year to March 31, as a result of lower-than-targeted operational efficiencies resulting from insufficient technical skills, the company said in a trading update for the five months to February 28, on Thursday.