Weak polymer margins dampen KAP recovery
A cyclical downturn hit the diversified industrial, chemical and logistics group that has reported progress in most of its divisions
26 June 2024 - 05:00
Diversified industrial, chemical and logistics group KAP has reported positive traction in five of its six divisions but was hit by a prolonged cyclical downturn in the global polymer sector.
The JSE-listed group, formerly known as KAP Industrial Holdings, said it was now preparing to capitalise on its recently completed major capital projects, which promise “significant growth opportunities over the medium term”...
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