Nampak volumes decline
By KUDZAI KUWAZA
LISTED diversified packaging manufacturer, Nampak Zimbabwe Limited recorded a decline in volumes at its subsidiaries as a result of reduced consumer demand and a decline in regional exports among other challenges.
In the company’s financial results for the year ended September 30, 2020, Nampak Zimbabwe group managing director John van Gend said the overall demand for packaging remained subdued this year, compared to previous years.
“Nampak has not been immune to the social and economic impact of the COVID-19 pandemic and the resulting effects on the Zimbabwe economy over the past year,” he said.
Van Gend revealed that the volumes for the full year for its Hunyani subsidiary declined by 28% compared to the previous year.