AMALGAMATED Regional Trading (Art) is expected to reduce losses in the paper segment in the year ended September 30, 2024 (FY 2024) on the back of capacity increases and restructuring initiatives, Morgan & Co has predicted.
In the first quarter ended December 31, 2023, sales volumes in the paper division were down 53 percent owing to operational downtime that was necessitated by plant restructuring.
“The paper division’s capex and restructuring efforts, which include increased tissue production capacity to 45t per day and moving operations to Kadoma, will likely resolve the segment’s losses in the medium to long term.