Following a detailed strategic review that looked at a possible sale, Nampak (Sandton / South Africa; www.nampak.co.za) has decided to retain its European packaging activities. However, it said further restructuring and other opportunities have been identified to improve the business’s performance. CEO John Bortolan revealed the decision as he reported an 11% increase in group revenue, to ZAR 8,5 bn (EUR 880m), in the six months to 31 March 2006. Trading income improved by 15%, to ZAR 920m, and the margin improved from 10.4% to 10.8%. Earnings on plastics in Europe totalled ZAR 78m.

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