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Low sales, drought and mill downtime affect Mpact interim earnings

Creamer Media Contributing Editor Online
JSE-listed packaging company Mpact’s results for the six months ending June 30 will be negatively impacted on by lower sales volumes in the paper- and plastics-converting businesses, lower domestic containerboard and cartonboard sales volumes and higher recovered paper costs. In addition, the scheduled downtime of the R765-million Felixton paper mill upgrade project, which is due to be completed during the second half of the year, will result in non-recurring additional costs and lost contribution.

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