{"id":34112,"date":"2021-02-03T14:28:03","date_gmt":"2021-02-03T12:28:03","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=34112"},"modified":"2021-02-03T14:11:24","modified_gmt":"2021-02-03T12:11:24","slug":"nampak-suffers-volumes-decline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline","title":{"rendered":"Nampak Suffers Volumes Decline"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>By Alois Vinga<\/b> – PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its business units attributed to the harsh Covid-19 impact on the local economy in the past year.<\/p>\n

Presenting the group\u2019s performance for the period ended September 30 2020, the group managing director, John Van Gend said the pandemic\u2019s impact took a huge toll on the business.<\/p>\n

\u201cHunyani volumes for the full year declined by 28% compared to the prior year. The corrugated division\u2019s decline was driven by the tobacco case market where the local tobacco crop output was significantly down on the prior year,\u201d he said.<\/p>\n

He said the delayed start of this year\u2019s tobacco marketing season due to Covid-19 concerns and a decline in regional exports also prompted the decline.<\/p>\n

At the Mega Pak unit, the full year volumes declined by 12% against the prior year, mainly due to constrained consumer demand in the preforms market in the first half of the year.<\/p>\n

The Carnaud Metalbox volumes for the full year declined by 34% compared to the prior year.<\/p>\n

The shortage of foreign exchange and reduced disposable incomes in the first half of the year negatively impacted demand.<\/p>\n

There was improved product demand in the final quarter, and access to needed foreign exchange improved through the auction system.<\/p>\n

Softex tissue products continued to trade profitability as a result of tight cost control and an improved product mix.<\/p>\n

\u201cAs a result, the available cash resources are expected to fund future capital expenditure projects and meet working capital requirements. In view of this, the directors have decided not to declare a dividend.<\/p>\n

\u201cThe 2020 trading year has certainly not been without its challenges but, we believe, given the continual focus on cost control and margin preservation, that the Group is well positioned to prosper in the coming year,\u201d Van Gend added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga – PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its business units attributed to the harsh Covid-19 impact on the local economy in the past year. Presenting the group\u2019s performance for the period ended September 30 2020, the group managing director, John Van Gend said the […]<\/p>\n","protected":false},"author":84,"featured_media":34111,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19],"class_list":["post-34112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nNampak Suffers Volumes Decline - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga - PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its busin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nampak Suffers Volumes Decline\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga - PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its busin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-03T12:28:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"568\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nampak Suffers Volumes Decline\",\"datePublished\":\"2021-02-03T12:28:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\",\"name\":\"Nampak Suffers Volumes Decline - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg\",\"datePublished\":\"2021-02-03T12:28:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"By Alois Vinga - PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its busin ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg\",\"width\":720,\"height\":568,\"caption\":\"Nampak Suffers Volumes Decline\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nampak Suffers Volumes Decline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nampak Suffers Volumes Decline - zimbabwe","description":"By Alois Vinga - PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its busin ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline","og_locale":"en_US","og_type":"article","og_title":"Nampak Suffers Volumes Decline","og_description":"By Alois Vinga - PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its busin ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline","og_site_name":"zimbabwe","article_published_time":"2021-02-03T12:28:03+00:00","og_image":[{"width":720,"height":568,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Nampak Suffers Volumes Decline","datePublished":"2021-02-03T12:28:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline"},"wordCount":310,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Zimbabwe"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline","name":"Nampak Suffers Volumes Decline - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg","datePublished":"2021-02-03T12:28:03+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"By Alois Vinga - PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its busin ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/02\/img-601a92c73ec9c.jpg","width":720,"height":568,"caption":"Nampak Suffers Volumes Decline"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nampak-suffers-volumes-decline#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Nampak Suffers Volumes Decline"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/34112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=34112"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/34112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/34111"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=34112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=34112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=34112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}