Nampak Zimbabwe was created by the merging of the packaging related entities MegaPak, Hunyani and CarnaudMetalbox (CMB) in 2014 with the new entity taking over Hunyani Holdings’ stock exchange listing.The company reported a 31% increase in revenue for the half year to March 2019 reflecting the increased demand of packaging products and the escalation in selling prices, driven by high inflation and the pass-through impact of the depreciating exchange rate on the imported raw materials.
The entity’s operations are being constrained by the build up of foreign payables mostly to parent company Nampak International.
