Nampak Wiegand Glass’s R500m investment

Date: 19 April 2011
Source: www.moneyweb.co.za

Date: 19 April 2011

Alberton glass factory to be rebuilt and expanded. Nampak (JSE:NPK) Wiegand Glass plans to invest almost R500m in rebuilding and expanding one of its furnaces at its glass bottle manufacturing facility at Roodekop, Alberton.

Furnace 2 which is nearing the end of its useful life will be rebuilt at a larger capacity and at the same time improved bottle-forming equipment will be installed. This will enable Nampak Wiegand Glass to meet customer demand and enter new markets from which it was previously excluded. 

Commissioning is planned for the first quarter of 2012.

Andrew Marshall, Nampak CEO said "Nampak Wiegand Glass is part of Nampak`s core metals and glass segment and this investment strengthens our position as a reliable supplier to the growing glass packaging market."

600450 Nampak Wiegand Glass’s R500m investment glassonweb.com

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