Page 24 - Glass Machinery Plants & Accessories no. 4/2018
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                                                  NAMPAK      corporate finance
                                                              disposal process was in
                            GLASS DIVISION                    process, it added.
                                                              It is thought the business
                                     TO BE SOLD               could end in foreign     it did not own from joint
                                                              hands as competition     venture partner, German-
            South African container   to approach packaging   authorities are unlikely to   based Wiegand-Glas.
            glassmaker Nampak        industry players to invite   agree to a deal with the   At the time Nampak CEO
            has announced that it is   proposals for the sale of   sole other South African   Andrew Marshall said the
            selling its glass division.  the glass business,” the   container glassmaker,   acquisition was part
            “To ensure the long-     company said.            Consol Glass.            of a strategy of “investing
            term profitability of     Exploratory discussions   In November 2011,       in our core businesses
            glass and to address the   had been held with a   Nampak spent R938        where we believe
            operational skills gap,   number of strategic     million to acquire the   we have competitive
            the board has resolved   partners and a formal    50% of its glass business   advantages.”




             EMHART                                           EMMETI - SIPAC

             TAKEOVER                                         EXHIBITING

             OF ITS CHINESE                                   AT CHILE GLASS 2018

             JOINT VENTURE

                                          Bucher Emhart
                                          Glass is to take
                                          over the remaining   Established in 1982, Emmeti is one of the leading
                                          shares of its joint   suppliers of palletizers and depalletizers to the global
                                          venture with        glass market. The synergy between Emmeti and its
                                          Shandong Sanjin     associated company Sipac allows to offer a complete
                                          Glass Machinery.    range of palletizing, depalletizing and conveying lines
            The joint venture was formed in 2011 and specialises   – either semi or fully automatic, sweeping or gripping,
            in glass forming machinery in China.              high or low level solutions. Emmeti can also design,
            Emhart said the complete takeover emphasises the   in conjunction with Sipac, complete cold end and
            importance of the Chinese market and will lead to   packaging lines manufactured, assembled and tested
            a rapid and more systematic development of the    entirely at its own plant. Customers deal with one
            subsidiary.                                       supplier only for the integration of all the equipment.
            In 2011, Bucher Emhart Glass acquired a stake of   Sipac designs and produces bottle and package
            63% of Shandong Sanjin, which is located in Zibo.   conveying systems, accumulating solutions, elevators,
            Sanjin produces standard glass forming machines,   lowerators, lane dividers, optical detection system
            inspection machines and annealing lehrs specifically   for non-round or special container orientation and
            for the Chinese market. Bucher Emhart Glass exports   other package transportation systems. Sipac and
            glass forming and inspection machines, serving China’s   Emmeti, together, can provide full service engineering,
            high-end segment only.                            manufacturing and commissioning of production lines,
            The complete takeover of Sanjin by Bucher Emhart   as well as any type of revamping lines, in order to best
            Glass will be concluded over the next few months.                           suit the customers’
            Emhart said it will foster even stronger collaboration                      demands.
            between the two companies as well as the systematic                         Along with the systems
            and direct application of knowledge regarding                               designed and produced
            technology, production efficiency and product                                by Emmeti , Sipac
            development.                                                                can incorporate
            Sanjin will also profit from the best practices                              equipment from sub-
            and management processes of Bucher                  2018                    suppliers for turnkey
            Emhart Glass.                                                               projects.


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