Media centre
We engage with our stakeholders to provide context and insight into our broader impacts on society, the environment and other stakeholders.
JSE:MPT last traded 2 941c +22c (+0.75%)
Last traded on 17 Sep 2024 at 17:00
Data supplied by ProfileData.
Prices are 15 minutes delayed.
Media coverage
-
Mpact: Finding growth when there is none
Read more: Mpact: Finding growth when there is noneBusiness Live Mpact’s first-half headline earnings — up 33% — belie the fact that sales volumes actually went backward, while debt rose to more than R2.6bn. But some canny investments, and a little luck, have cushioned the packaging group from the worst of the knocks and bangs. The FM spoke to CEO Bruce Strong.
-
Mpact targets high value, fast growth paper and plastic markets
Read more: Mpact targets high value, fast growth paper and plastic marketsIOL Mpact, the largest paper and plastics packaging business and recycler in Africa that lifted operating profit a sturdy 37% to R530.7 million for the six months to June 30, continues to optimise its portfolio to sell higher value products in sectors of growing demand.
-
Mpact CEO Bruce Strong not worried by higher debt levels
Read more: Mpact CEO Bruce Strong not worried by higher debt levelsBusiness Live Packaging and recycling group Mpact CEO Bruce Strong is unfazed by the company’s high levels of debt, saying it is confident of returns from recent investments made into its plastic business, while also making good progress on cost-improvement initiatives.
-
Mpact now prepared for up to Stage 6 load shedding, and profit growth is outstripping debt
Read more: Mpact now prepared for up to Stage 6 load shedding, and profit growth is outstripping debtNews24 Paper and plastics group Mpact, which is subject to load curtailment rather than load shedding, says it can now largely deal with up to Stage 6 load shedding.
-
WATCH: Mpact raises dividend as interim profit leaps
Read more: WATCH: Mpact raises dividend as interim profit leapsBusiness Live Higher selling prices in Mpact’s paper business, coupled with increased profitability in the plastics unit, gave the packaging group’s interim performance a boost. Mpact grew headline earnings per share 33% and hiked its dividend nearly 13%.
-
Mpact to upgrade neutral sulphite semi-chemical pulping line at Mkhondo Paper Mill in South Africa
Read more: Mpact to upgrade neutral sulphite semi-chemical pulping line at Mkhondo Paper Mill in South AfricaLesprom International technology group Andritz has received an order from Mpact Operations (Pty) Ltd. to upgrade a pulping line at its Mkhondo Paper Mill in Mpumalanga, South Africa.
-
Nampak sells R40m worth of equipment to Mpact subsidiary
Read more: Nampak sells R40m worth of equipment to Mpact subsidiaryBUSINESSDAY The group is making headway in its simplification and optimisation strategy, saying the sales will allow it to stabilise the balance sheet and reduce interest-bearing debt
-
Mpact plans to build earnings by innovating in fast-growing sectors
Read more: Mpact plans to build earnings by innovating in fast-growing sectorsIOL Mpact, which yesterday reported a strong financial performance in the year to December 31, will focus on organic projects to extend its products and services, and generate sustainable energy, CEO Bruce Strong said yesterday.
-
Mpact’s full-year results pack a punch
Read more: Mpact’s full-year results pack a punchMONEYWEB There is still quite a lot that could be done to reduce packaging and increase its utility and protective ability at lower weights – CEO Bruce Strong.
-
Mpact confident even as consumers cut back, with a number of trends in its favour
Read more: Mpact confident even as consumers cut back, with a number of trends in its favourNews24 Africa’s largest paper and plastics packaging group Mpact says it’s upbeat about its prospects even as tough economic conditions weigh on consumer spending. After more than doubling its dividend in 2022, it is eyeing continued tailwinds including SA’s strong fruit exports, as well the ongoing shift to home deliveries by increasingly environmentally conscious consumers.
-
Mpact more than doubles dividend amid robust demand from fruit exporters
Read more: Mpact more than doubles dividend amid robust demand from fruit exportersNEWS24 Africa’s largest paper and packaging group Mpact has more than doubled its dividend payout for 2022, boosted by robust demand for paper and plastics in SA, as well as its ongoing energy rollout.
-
Competition Tribunal blocks merger between paper and packaging groups Neopak and Corruseal
Read more: Competition Tribunal blocks merger between paper and packaging groups Neopak and CorrusealNEWS24 The Competition Tribunal has rejected a merger between paper and packaging groups Neopak and Corruseal, in a case that had led to interventions by industry peers Mpact and APL Cartons.