Mpact: Going around in circles (in a good way)
‘We are one of few businesses in SA that collects nearly every product category we produce for it to be recycled’
As low consumer confidence and subdued economic activity persist, many SA companies seek growth through tighter cost controls and making operations more efficient. Bruce Strong, CEO of Mpact (https://www.sharenet.co.za/v3/quickshare.php?scode=MPT), the largest paper and plastics packaging and recycling business in Southern Africa explains where he sees growth for Mpact:
Over the past four years, Mpact has invested over R1.6bn in projects aimed at reducing, reusing and/or recycling packaging. We are one of few businesses in this country that collects nearly every product category we produce for it to be recycled. We have been recycling paper in SA for over 50 years, and today we also have a significant plastic recycling business. Mpact is at the forefront of driving the circular economy and closing-the-loop in SA through our integrated business model.
We believe that this will enable Mpact to realise growth over the medium term despite the subdued economy. Some of the benefits reflect in our recently announced interim results, where we reported a 25% increase in earnings despite the very difficult trading conditions...