Astrapak Limited has concluded a multi-year supply agreement in a significant partnership deal that has been reached with one of South Africa’s largest FMCG companies, which will see the plastic packaging company supply a major portion of their personal care and food packaging requirement with a combined investment of R170m by the parties.
The supply agreement will involve the operations of three of Astrapak’s manufacturing facilities – Plastop KZN (using state-of-the-art injection blow moulding and extrusion blow-moulding technologies), JJ Precision Plastics (the centre of injection blow-moulding excellence for Astrapak) and Marcom Plastics (thin walled injection moulding and in-mould labelling specialists).
Astrapak’s Account Executive, Dave Tyler, said: “This agreement solidifies the long-term partnership between the two companies and shows Astrapak’s commitment to supply innovative, high-quality plastic packaging solutions to our blue chip clients.”
CEO for Astrapak Limited, Robin Moore, thanked all those who were involved in the negotiation process and commended them on their efforts. “This has been a very complex negotiation, which has required professionalism and goodwill on all sides. It involves three of our major operations and requires investment behind all our core moulding technologies. We firmly believe this contract is “win-win” for both parties, which re-affirms our leading position in our core technologies and the personal care and foods end markets.”
For Astrapak Limited, this is a major milestone in their future strategy, and confirms the strategic decision made by the plastic packaging manufacturer to embed themselves as a major player in the fast moving consumer goods sector in their chosen technologies.