South African Novus Holdings looks to set up a packaging plant in Togo

Economic governance

Thursday, 15 April 2021 17:46

South African Novus Holdings looks to set up a packaging plant in Togo

(Togo First) - South African group Novus Holdings, which specializes in industrial printing, plans to expand in Togo. In this framework, representatives from the firm met last Monday with the Togolese minister of trade and industry, Kodzo Adedze.

Present in 14 African countries, including Ghana and Nigeria, the Cape Town-based group wants to take advantage of the AfCFTA’s establishment to develop its activities in West Africa.

While industrial printing is the holding’s core business (it generates 77% of its turnover), it also makes stamps and plastic packaging.

In Togo, Novus intends to set up a packaging unit, a project that is “most welcomed” in the country, according to the Togolese minister of trade, Kodzo Adedze.

The South African delegation was led by Steve Thobela who said Novus Holdings “wishes to be an asset for Togolese producers.”

In 2020, Novus Holdings’ turnover was around R4.1 billion, over CFA156 billion; a good performance, given the global pandemic context.

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