Mondi's unbundled unit to list in July
Fin24 - May 31st 2011, 07:19
Johannesburg - Paper maker Mondi said on Tuesday its South African packaging business, which it plans to spin off from the group, will be listed on the Johannesburg Stock Exchange in July under a new name.
Mondi, which is also listed in London, said in a statement that the unit's new name will be Mpact Limited.
Mpact's listing and commencement of trading on the South African bourse will be on July 11, the company said. The new name will only be effective from the listing date.
The company had said in April that the demerger would provide shareholders with a clear benefit as both businesses would take better advantage of their respective growth opportunities.
Mondi is mainly involved in the manufacturing of packaging paper. Mondi Packaging has 22 manufacturing operations and 29 operating sites in South Africa, Namibia, Mozambique and Zimbabwe.
Fabric softener brand ordered to change name after Sta-Soft complaint
12/09/2019 - 09:01
A local fabric softener brand has been ordered to change its labelling after the advertising regulatory board found that its use of the word "soft" was imitating rival brand Sta-Soft.
Eliminating packaging is a good start - but here's what supermarkets should do to stop harming the planet
26/08/2019 - 15:02
The first key step towards this vision is widening the packaging-free philosophy to all stores of all the major supermarkets, and, crucially, not giving consumers who might resist change the option to stick with the polluting packaged goods that feel so familiar.
Lidl introduces reusable fruit and veg bags
15/08/2019 - 11:29
The ‘Green Bags’, priced at 69p for two, provide customers with a reusable alternative to single-use, small fruit, and vegetable bags.
Nestlé Waters teams up with Ocean Legacy for plastic waste clean-up
11/07/2019 - 09:44
Nestlé’s bottled water division Nestlé Waters, owner of Perrier and Vittel, says it will team up with Canada’s Ocean Legacy Foundation to help to clean up plastic pollution.
PepsiCo's decision to sell smaller cans pays off
10/07/2019 - 08:19
Beverage sales rise as new packaging strategy helps company attract more consumers.