Consol investment back on the cards

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Consol says the sale of glass bottles has returned to levels seen before the COVID-19 pandemic.

File: Consol said there’s been reduced demand for glass products due to the COVID-19 pandemic and the lockdown.JOHANNESBURG - Glassmaker Consol has reinstated a R1.5-billion investment in a factory it shelved last year as a result of a ban on the sale of alcohol.

Last week, South African Breweries announced a resumption in local investment by setting aside R2-billion to revamp its facilities.Consol says the sale of glass bottles has returned to levels seen before the Covid-19 pandemic. The company's CEO Mike Arnold said government appears to be taking a much more measured response to alcohol restrictions.

 

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