Mpact cites circular economy as profitability factor

Johannesburg, South Africa-based Mpact says developing “new ways to meet customers’ packaging needs with award-winning innovations that help improve their operations while contributing to the circular economy” helped it improve its earnings per share performance in 2020 compared with the previous year.

“Mpact delivered a solid performance in a challenging year,” states Bruce Strong, the company’s CEO. “The effective response to COVID-19 at all our operations was exceptional, demonstrating the depth of good management, the effectiveness of our safety systems and the support of our customers, suppliers and employees.”

Strong credits a “proven strategy of securing leading market positions and focusing on customers and performance” with helping the packaging firm secure 2020 earnings per share of 2.01 South African rand (13 United States cents), representing a 4.6 percent increase from the 1.92 South African rand (12 U.S. cents) figure in 2019.

Mpact says its commitment to the circular economy centers on its “integrated business model [that] is uniquely focused on closing the loop in plastic and paper packaging through recycling and beneficiation of recyclables.” In March, the firm introduced a thermoformed 100 percent postconsumer recycled-content PET produce container.

In the paper sector, the company operates containerboard and cartonboard mills and paper recycling collection and processing plants. In plastics, Mpact says it makes rigid plastic packaging, including polyethylene terephthalate (PET) preforms, trays and film, and recycles used or damaged crates and bins.