Overview

www.astrapak.co.za www.astrapak.co.za www.astrapak.co.za www.astrapak.co.za
10 YEARS
OF
INNOVATION
…10 Years of Innovation

Profile
Astrapak Limited and its subsidiaries (“Astrapak” or “the Company” or “the Group”),
headquartered in Sandton, manufacture and distribute an extensive range of plastic
packaging products, achieving annualised revenues in excess of R2,8 billion. The
Group has manufacturing facilities in all the main centres of South Africa and a joint
venture in Mauritius. Astrapak employs 4 100 people in South Africa.
The operations are grouped into four segments – Films, Rigids, Flexibles and
Industrial – and service mainly the food, beverage, personal care and pharmaceutical,
agricultural, industrial and retail markets.
The Group remains focused on service, innovation and technology in
plastic packaging in order to continue to gain an increasing share of the overall
packaging market, and plans to continue to seek expansion through organic and
acquisitive growth.
Mission and vision
Astrapak is a focused group of companies specialising in the production and
supply of plastic packaging materials.
Astrapak will continue to invest in innovative and technologically advanced
companies in order to offer customers specialised packaging products
that exploit the global trend towards plastic packaging. The Group intends
to continue to develop dominant positions in its chosen markets around
the country.
Astrapak’s objective is to build the most sophisticated group of quality
companies that deliver superior growth in earnings and value. This will be
realised through organic development of the Group’s existing businesses
together with the acquisition of companies which meet Astrapak’s
investment philosophy.
Contents
1 Financial highlights
2 Achievements and accolades
4 Operating entities
5 Business profile
12 Directorate
14 Chief Executive Officer’s report
20 Divisional review – Films
24 Divisional review – Rigids
28 Divisional review – Flexibles
31 Sustainability
34 Corporate governance
39 Group value-added statement
40 Five-year review
42 Remuneration report
47 Annual financial statements
97 Shareholders’ information
98 Directors’ interests
99 Notice of meeting
102 Administration
103 Form of proxy

Financial highlights
>
Volume growth
of 8%
>
Redemption of
debenture
>
Significant investment
made
Innovation
A reusable bag with Inno-Lok Pre-Zippered feature. This incremental
innovation and application to a 10kg bag is a South African first.
Applying innovation
>
>
>
A South African first
Increased convenience and economy
Winner for the consumer and the environment
Technology
The Knorr Aromat design is recognised as a technical masterpiece and sets a
benchmark for rigid plastic packaging in South Africa.
Applying innovation in technology
>
>
>
>
Technically a world first
Dual tamper-evident features
Refillable, stackable and has a hinged flip-top
Seals and ensures moisture barrier
Service
The bold new Versus stand-up wine pouch is cheaper and lighter than glass,
is unbreakable, leakproof and allows the wine to be drunk at the consumer’s
convenience, providing an excellent service to the wine industry.
Applying innovation in service
>
>
>
Cost-effective alternative to glass
Efficient use of fridge space
Easy pour and easy store features
Astrapak annual report 2008
1

Achievements and accolades
Trophies
> JJ Precision Plastics
Gold Pack Trophy and
Technical Innovation
Aromat Canister
> Cinqpet, Astrapak
Flexibles/Diverse
Labelling Consultants
Easy Recycling Trophy
Knorr Salad Dressing
Gold
> Saflite
Export Packaging
Versus Two-Litre Pouch
> JJ Precision Plastics
Rigid Plastics
Aromat Canister
> Saflite
Flexibles
Versus Two-Litre Pouch
Silver & Certification
> Plastop KZN
Rigid Plastics
Ponds Cold Cream
> Diverse Labelling
Consultants
Labelling
Knorr Salad Dressing
> Cape Wrappers
Flexibles
Friskies 85g Retort Pouch
> Hilfort Plastics
Family Range
Ina Paarman Salad
> Consupaq
Tubes
Revlon Styling Gel
> Saflite
Presentation Packs
Woolworths Cocktail Pouch
> Plas-top
Rigid Plastics
Two-Litre Knorr Range
> Cape Wrappers
Flexibles
Stork Country Spread
> Plas-top
Rigid Plastics
Not A Baby Range
> Cinqpet
Rigid Plastics
Knorr Salad Dressing
2
Astrapak annual report 2008

Hilfort Plastics
Production Excellence Trophy
Amarula 500ml
> Packaging Consultants
Innovative Flex Pack
Trophy
Inno-Lok Pre-Zippered Bag
> Saflite
Consumer Convenience
Woolworths Cocktailmix Pouches
> Diverse Labelling Consultants
Presentation Packs
Nestlé Christmas Range
> Diverse Labelling
Consultants
Family Range
Woolworths Salad Dressing
> Hilfort Plastics
Export Packaging
Amarula 500ml
> Marcom Plastics
Rigid Plastics
Yoghurt Multi-Pack
> Marcom Plastics
Rigid Plastics
Blu52 Dispenser
> Plastop KZN
Rigid Plastics
Vaseline Jars and Closures
> Plastform
Rigid Plastics
One Litre Yoghurt Tub and Lid
> Packaging Consultants
Components
10kg Bag with Inno-Lok
> JJ Precision Plastics
Components
Closures for Robertsons Spices
> Standard Labels
Shrink Sleeve
Bournvita
> Standard Labels
Shrink Sleeve
Cocoa
Astrapak annual report 2008
3

Operating entities at 29 February 2008
ASTRAPAK LIMITED
Master Plastics
(Pty) Ltd
Plas-top
(Pty) Ltd
Cinqpet
(Pty) Ltd
Plastop
KwaZulu-Natal
(Pty) Ltd
Euro-matic
Plastop
(Pty) Ltd
100%
100%
100%
100%
50%
Astrapak
KwaZulu-Natal (Pty) Ltd
• Packaging Consultants
100%
Tamperpak
(Pty) Ltd
100%
Astra Repo
(Pty) Ltd
84%
JJ Precision
Plastics
(Pty) Ltd
100%
Diverse
Labelling
Consultants
(Pty) Ltd
100%
Pak 2000
(Pty) Ltd
75%
Consupaq
(Pty) Ltd
60%
Astraflex
(Pty) Ltd
100%
Riverbend
Trade and
Invest 50
(Pty) Ltd
60%
Standard
Labels
Ltd
49,5%
Astrapak Gauteng (Pty) Ltd
• East Rand Plastics
• Tristar
• City Packaging
Barrier Film
Converters
(Pty) Ltd
100%
Marcom
Plastics (Pty)
Ltd
60%
Coralline
Investments
(Pty) Ltd
74%
100%
Astrapak
Western Cape (Pty) Ltd
• Peninsula Packaging
• Plastform
• Ultrapak
Saflite (Cape)
(Pty) Ltd
75%
International
Tube
Technology
(Pty) Ltd
60%
Pack-Line
Holdings
(Pty) Ltd
100%
Thermopac
(Pty) Ltd
100%
Knilam
Packaging
(Pty) Ltd
100%
100%
Alex White
Holdings (Pty) Ltd
Alex White
& Company
(Pty) Ltd
Cape
Wrappers
(Pty) Ltd
100%
100%
100%
Hilfort Plastics (Pty) Ltd
100%
Plastech Group
• Plastech Moulders
(Pty) Ltd
• PETech (Pty) Ltd
• Printech (Pty) Ltd
80%
Films
Rigids
Flexibles
Industrial division
4
Astrapak annual report 2008

Business profile
Industrial
Division
Revenue contribution
to the Group
2,0%
Profit from operations
contribution to the Group
2,4%
INTERNATIONAL TUBE
TECHNOLOGY
– Cape Town
International Tube Technology (“ITT”)
manufactures industrial cores and tubes, focusing
primarily on the textile/synthetic fibre industry. ITT
has gained an enviable reputation for innovation
and quality in both products and service; and its
entrepreneurial approach and flexibility means
that – when it comes to cores and tubes –
virtually any design specification can be achieved.
Plusnet/Geotex
– Randfontein
Plusnet/Geotex manufactures shadecloth for
industrial and agricultural applications. It also
produces fibres used for reinforcing concrete.
These fibres are being used in the production
of the infrastructure required for South Africa’s
“Gautrain” project.
In addition to textile tubes, ITT supplies a
comprehensive range of cores, tubes and composite
containers, which are produced for a wide range
of packaging applications. ITT also manufactures
edgeboard for use in stabilising pallet loads and for
edge protection. Although mainly used to stabilise
cartons of deciduous and citrus fruit for the export
market, local packers and distributors also use
edgeboard to preserve fruit quality.
The use of edgeboard, combined with stretch
or pallet wrap, provides improved pallet
stability, as well as moisture and dust protection,
representing cost savings while providing
aesthetic appeal.
Astrapak annual report 2008
5

Business profile continued
Films
Division
Revenue contribution
to the Group
Profit from operations
contribution to the Group
39,3%
22,7%
EAST RAND PLASTICS
– Brakpan
Prides itself on outstanding production quality,
East Rand Plastics produces high- and lowdensity
polyethylene films, converting them
into a range of sophisticated products – from
multilayer film structures to superbly decorated
and wicketed bags for a range of applications.
Applications include refuse bags, carrier bags,
shrink films, heavy-duty fertiliser bags, multilayer
lamination sheeting, tamper-evident formfill-seal
film and packaging for the bakery and
agricultural industries.
PENINSULA PACKAGING
– Cape Town
Widely acknowledged as one of the market
leaders in the manufacture of plain and printed
polyethylene films, sheeting, tubing and bags
(both printed and unprinted), the extensive
product range produced by Peninsula Packaging
is supported by advanced flexographic
printing facilities. The company also boasts
comprehensive bagmaking facilities, catering
for many types of bags – from wicketed bags
through to sealed bags.
These products are primarily used for packaging
fresh fruit and vegetables (for local and export
markets), fresh fish, general food, beverages,
refuse bags and industrial packaging.
PACKAGING CONSULTANTS
– Durban
Initially committed to the plain and construction film
market, Packaging Consultants now also serves the
six- to eight-colour, high-quality print market and
sophisticated bag market.
Major markets include boutique bags, form-fill-seal
packaging material (for confectionery, maize and rice),
bags for poultry, maize, pet food and frozen vegetables,
as well as heavy-duty sacks for agricultural and
chemical products. In a first for South Africa, Packaging
Consultants has introduced Inno-Lok Pre-Zippered film
for form-fill-seal applications. This globally patented
product offers customers greater flexibility in packaging
design and the company enjoys an exclusive marketing
arrangement for the technology.
CITY PACK
– Randburg
Due to the installation of co-extrusion technology,
City Pack has been able to move shrink films into a
new era of sophistication and added value, and is
amongst South Africa’s market leaders in the supply
of co-extruded, printed film for the shrink-wrapping
of food products, beverages and industrial products.
City Pack has also entered the form-fill-seal market and
is a major supplier of high-quality films flexographically
printed in up to eight colours for frozen vegetable
packaging.
6
Astrapak annual report 2008

TRISTAR PLASTICS
– Aeroton
Tristar Plastics specialises in pallet stabilisation
and related products for the industrial packaging
sector. It manufactures high-quality shrink and
stretch film products, specifically for blue-chip
companies in the cement, brewing, milling, retail
and mining industries.
Tristar’s market success is maintained through
developing integrated partnerships with customers
in order to provide effective packaging solutions.
PACK-LINE HOLDINGS
– East London
With a well-deserved reputation as a “one-stop
packaging shop” , Pack-Line Holdings specialises
in the manufacture of extruded film products –
in both reel form and bags – for the industrial,
agricultural and funeral sectors. In addition to the
extrusion of virgin polymers, this company also uses
recycled material for certain packaging applications.
BARRIER FILM
CONVERTERS
– Durban
Barrier Film Converters specialises in the
manufacture of co-extruded barrier films for use in
vacuum bag and pouch production as well as rollstock
thermoformable films for semi-automated
packaging in the meat, cheese and allied food
industries.
Co-extruded barrier films have many applications
in the industrial market, including packaging
of explosives, detergents, chemicals, paint and
solvents. The company also manufactures highbarrier
films for the wine and allied industries,
ranging from bag-in-box liners to bulk liners for
shipping containers. The recent installation of
a state-of-the-art five-layer cast line will open
opportunities through better quality control and
product innovation.
Key product lines include shrink film and tubing for
an assortment of applications – from prepacked
fruit and vegetables to clothing, linen and
confectionery products.
Astrapak annual report 2008
7

Business profile continued
Rigids
Division
Revenue contribution
to the Group
Profit from operations
contribution to the Group
39,1%
65,2%
JJ PRECISION PLASTICS
– Pinetown
JJ Precision supplies all the closures for PAK
2000’s products and serves the food and
industrial injection-moulding markets.
JJ Precision offers a fully-fledged toolroom that
is vital for both the business and PAK 2000,
staffed by qualified toolmakers with extensive
experience in component and mould designs.
THERMOPAC
– Cape Town
Thermopac specialises in the production
of rigid thermoformed PP, HIPS and PET
plastic packaging – mainly for the fresh food,
prepared food, bakery and confectionery
industries, but also for pharmaceuticals and
cosmetics, and some industrial packaging. In
addition, Thermopac extrudes plastic sheeting
for the general thermoforming market. Serving
many South African blue-chip companies, it
has also aligned itself with overseas companies
with which it enjoys technology-sharing
arrangements.
PAK 2000
– Pinetown
PAK 2000’s primary business is the supply
of blow-moulded polyethylene containers –
ranging in size from 200ml to five litres – to the
motor vehicle lubricant sector. The company’s
current focus is on providing innovative and
cost-effective packaging to the petrochemical
industry.
CINQPET
– Denver
Cinqpet offers both single-stage and two-stage
processes for PET conversion, allowing for the
production of the widest possible range of PET
containers – from high-volume water, oil and
carbonated soft-drink bottles through to wide-mouth
jars and specialised cosmetics bottles.
The Cinqpet plant offers the following PET
technologies: injection stretch blow-moulding of PET
containers (single-stage); stretch blow-moulding of
PET containers (two-stage); and injection-moulding
of PET preforms.
PLASTOP KZN
– Prospecton
Plastop KZN is among South Africa’s leading
manufacturers of rigid plastic bottles, jars, closures
and other components for personal-care products
and toiletries.
This ISO 9002-accredited factory is primarily a “hole-inthe-wall”
operation, serving the Lever Ponds Maydon
Wharf plant with packaging products for its personalcare
products.
PLAS-TOP
– Bronkhorstspruit
At the manufacturing plant in Bronkhorstspruit
the accent is on the production and decoration of
packaging for toiletries and personal-care products.
It is at this plant that roll-on balls are manufactured
using a complex procedure that involves blowmoulding,
welding and grinding.
8
Astrapak annual report 2008

PLAS-TOP
– Denver
Plas-top is dedicated to producing plastic
bottles, jars and closures.
The following technologies are offered:
extrusion blow-moulding of PE, PP and PVC
containers; multi-layer extrusion blow-moulding
of PE and PP containers; injection-moulding of
PE and PP tubs and closures; and decoration of
containers using UV silkscreen printing, foiling,
labelling, pad printing and offset printing.
EUROMATIC
– Bronkhorstspruit
This joint venture between Plastop and Euromatic
A/S is a highly focused and automated plant
dedicated to the manufacture of 1.4” (35,6mm)
hollow PP roll-on balls.
As the world’s leading manufacturer of hollow
plastic balls, Euromatic was the natural choice
to partner Plastop, which had already been
manufacturing hollow balls for almost 20 years.
The commissioning of the new factory took place
in early 2005.
PLASTECH
– East London
The PlasTech group of companies (“PlasTech”)
focuses on small plastic containers for the
health- and personal-care, beverage and
industrial markets. In addition to being in a
position to offer polyolefin and PVC products,
PlasTech supplies an extensive range of PET
bottles to the beverage and related industries.
As an added advantage, PlasTech is able to add
value by decorating containers and broadens
the Group’s ability to provide a comprehensive
in-house service.
CONSUPAQ
– Durban
Established to supply short-run, low-volume
packaging to the personal-care market,
Consupaq developed a unique, parallel-walled
jar in 2001 that could be injection moulded, and
is also a major producer of personal-care tubes
to the cosmetic and personal-care industry.
HILFORT PLASTICS
– Cape Town • Bloemfontein
Operating from two plants, situated in
Cape Town and Bloemfontein, Hilfort Plastics
manufactures and distributes rigid plastic
containers and closures, in capacities from 50ml
to five litres.
Hilfort Plastics’ focus is on rigid plastics
packaging, with particular capabilities in
the field of injection blow-moulding (PET),
extrusion blow-moulding (HDPE) and injectionmoulding
of caps and closures. The company
also has screen-printing capability.
PLASTFORM
– Cape Town
Plastform, located in the Western Cape, was
founded in 1980 as an independent company
and has since grown to become South Africa’s
leading supplier of thermoformed cups, tubs
and trays, especially for the dairy and foodrelated
markets.
MARCOM PLASTICS
– Rosslyn
Marcom produces a wide range of thin-wall
injection-moulded polypropylene containers
and lids, including tubs for the dairy industry
(yoghurt, cottage cheese) as well as items such
as beer cups and food trays for the catering and
hospitality sectors.
Astrapak annual report 2008
9

Business profile continued
Flexibles
Division
Revenue contribution
to the Group
Profit from operations
contribution to the Group
19,6%
9,7%
DIVERSE LABELLING
CONSULTANTS
– Durban
Initially established to supply PVC shrink labels
to the beverage industry, Diverse Labelling
Consultants (“DLC”) has since expanded into
related technologies, such as tamper-evident
neck bands, stretch labels, wraparound labels
and flexible packaging for the confectionery
industry.
TAMPERPAK
– Johannesburg
Tamperpak was established to complement the
products offered by DLC – specifically to supply
the Gauteng and Cape markets for short-run,
undecorated tamper-evident sleeves.
Tamperpak operates in the market of undecorated
tamper-evident sleeves for cosmetic, personal-care,
pharmaceutical, food and industrial products.
DLC operates in South Africa’s labelling market,
and enjoys an ever-growing share of the flexible
packaging market for the country’s major
confectionery manufacturers. It has particular
competence in the market for high-quality, flexoprinted
narrow-web flexible packaging materials.
ASTRAFLEX
– Durban
Situated in custom-designed premises,
Astraflex works in conjunction with DLC,
through a common marketing arm, to
provide customers with the mix-and-match
convenience of a “one-stop shop”.
SAFLITE
– Cape Town
Saflite was established to take advantage of the
burgeoning market in stand-up pouches. In its short
history, this innovative operation has taken a sizeable
share of the stand-up pouch market for both food
and non-food products.
Saflite also offers stand-up pouches with resealable
zippers, providing the added customer convenience
of easily resealable packs – a strong marketing plus
for brand owners. Applications include confectionery,
baking powder, dry yeast, DIY products, pet foods,
pool chemicals and fabric softeners, to name a few.
Customers for the top-class printed flexible
packaging produced by Astraflex include
producers of confectionery, baked products,
frozen products, spices and cereals. There
are also numerous customers in the
pharmaceutical, medical and personal-care
sectors.
One of Saflite’s recent award-winning innovations
is the production of a wine pouch which has
numerous benefits for producers, consumers and
the environment.
10
Astrapak annual report 2008

ASTRAPAK FLEXIBLES
– Durban • Johannesburg
Astrapak Flexibles is the sales and marketing
company within the Flexibles division. Astrapak
Flexibles strives to provide customers with the
mix-and-match convenience of a “one-stop
shop” for flexible packaging and labelling
solutions.
KNILAM PACKAGING
– Cape Town
Situated in custom-designed premises in
Cape Town, Knilam manufactures specialised
packaging systems utilising Modified
Atmosphere Packaging (“MAP”) technology.
Applications are typically for shelf-life extension
of perishable food products, such as fresh
produce. In addition, the company processes
and supplies peelable lidding film systems.
The company supplies to clients in both South
and Central Africa. Many of their customers
utilise Knilam packaging in the supply of
prepared vegetables into the European market.
Knilam has links with Amcor Australasia in the
supply and technical support services relating
to Amcor’s “Lifespan” products. This new
development involves creating carton liners,
utilising MAP, that enable fruit to be transported
to export markets by sea freight.
ASTRA REPRO
– Durban
Astra Repro provides an invaluable service to the
division and the Group as a whole via its dedicated
in-house reproduction facility.
Apart from ensuring that prepress adjustments
and hard-earned know-how remain strictly
confidential, the in-house reproduction
capabilities bring numerous advantages for the
Group operations and their customers, including
improved turnaround times, reduced costs
and improved control over the production of
photopolymer printing plates.
CAPE WRAPPERS
– Paarl
Cape Wrappers has the latest printing,
laminating and blown film equipment
technology. Capabilities include flexographic
printing to eight colours, and a variety of
laminating methods.
Cape Wrappers supplies packaging material to a
number of industries with a focus on blue-chip
and multinational companies, and an emphasis
on long-term relationships with customers. The
factory is AIB certified and has won numerous
awards for its high quality products, both locally
and internationally.
STANDARD LABELS
– Mauritius
Serving the home market in Mauritius, as well
as the wider Indian Ocean Islands, East African
and Southern African markets, Standard Labels
specialises in printing high-quality plastic and
paper labels, packaging films and shrink sleeves.
With a specialised focus on beverage labelling,
Standard Labels enjoys a major share of the
Mauritian, Réunion and East African markets.
ALEX WHITE
– Johannesburg
Alex White is a sheet-fed litho printer
specialising in a number of packaging niche
markets. The major products supplied are
in-mould labelling, wrap around labels and
canning labels.
The company is a significant supplier of
pre-paid cellular phone cards in addition to
horticultural packaging in East and southern
Africa.
Astrapak annual report 2008
11

Directorate
01
Khumo Seopela ‡x (43) BSc
Hons (Psych), MSc (Clin Psych)
Acting Chairperson
Non-executive director
Khumo Seopela was appointed to
the Board on 27 March 2007. She has
10 years’ experience in the mining
industry within various human
resources-related roles and has worked
in a wide variety of capacities. She is
a senior adviser to Royal Bafokeng
Holdings (“RBH”), and a member of the
executive team. Prior to joining RBH
in February 2007, she was the Vice
President, Human Capital of Lonmin
Plc, South African operations. She was
a member of the executive as well as
the Chief Executive Forum of Lonmin.
Prior to that she was the head of
transformation at De Beers Consolidated
Mines and a member of that company’s
executive committee. Khumo has also
worked for Anglo American Platinum
Corporation as the Group HR Planning
Consultant and has occupied senior
HR roles at Transnet and Goldfields of
South Africa.
02
Ray Crewe-Brown †• (63)
BSc (Mech Eng)
Chief Executive Officer, retired
Executive director
Ray Crewe-Brown has been in the
plastics and packaging industries for
more than 30 years. He was appointed
Managing Director of Ampaglas (Pty)
Limited, a specialised plastic sheeting
manufacturer. Following the acquisition
of Ampaglas (Pty) Limited by Murray &
Roberts Holdings Limited in 1983, he
was appointed Executive Chairman of
Murray & Roberts Plastics and Abrasives
Corporation Limited. Following Kohler
Limited’s acquisition of Murray &
Roberts Plastics Limited in 1992, he was
appointed Chief Executive Officer of
Kohler Plastics Limited and appointed to
the board of Kohler Limited in 1994. A
member of the Plastics Federation since
1982, President of the Plastics Federation
for three years and a member of the
steering committee for the Department
of Trade and Industry’s sponsored
cluster study for the plastics industry,
he is currently a director of the board of
the Packaging Council of South Africa
(PACSA) and a member of the executive
committee. Ray retired on 6 June 2008.
03
Harry Todd x (45) BCom, BAcc,
CA(SA)
Financial Director
Executive director
Harry Todd qualified as a Chartered
Accountant after completing articles
with Deloitte & Touche. He began
his career as Financial Manager at
HL & L Timber Processors, then Rowa
International. He then became Group
Financial Manager of Swaziland Brewers
Limited. Upon his return to South Africa,
he took up the position of Financial
Manager – Other Beverage Interests, at
South African Breweries Plc. He joined
Astrapak as Financial Director with effect
from May 2001.
05
05
Greg Petzer • (50)
Divisional Chief Executive –
Flexibles Division
Executive director
Greg Petzer joined Kohler Flexibles (Pty)
Limited in 1979 as Cashbook Clerk and,
by 1990, held the position of Commercial
Director. In 1990 he established Diverse
Labelling Consultants in Durban. During
1992, he was awarded the SBDC/
Sanlam Entrepreneur of the Year Award.
He joined Astrapak in 1998 when the
Company acquired an equity share in
Diverse Labelling Consultants. He was
appointed as Divisional Chief Executive –
Flexibles Division in April 2000.
03
01
04
06
02
04
Johan Venter • (65) BCom,
BCompt (Hons)
Divisional Chief Executive – Films
Division
Executive director
Johan Venter joined East Rand Plastics
in 1979. He established Peninsula
Packaging in 1979 and was appointed
Managing Director of Peninsula
Packaging in 1994. He was appointed
as Divisional Chief Executive – Films
Division in February 2002.
06
Marco Baglione • (46)
Chief Executive Officer
Executive director
Marco Baglione started in the packaging
industry in March 1984. He progressed
through the ranks within Nampak
Limited before leaving to establish
PAK 2000 in Durban in 1994. He joined
Astrapak in 1997 when the Company
acquired an equity share in PAK 2000.
He was appointed as Divisional Chief
Executive – Rigids Division in July 2002.
Marco was appointed as Chief Executive
Officer on 6 June 2008 when Ray Crewe-
Brown retired.
12
Astrapak annual report 2008

07
Tshepo Kgage *‡x (37) BCom
(Hons), CA(SA)
Non-executive director
Tshepo Kgage qualified as a Chartered
Accountant after completing articles
at PricewaterhouseCoopers. He
was appointed as a Senior Audit
Manager at Deloitte & Touche
and then became Chief Financial
Officer of the South African Weather
Service. Subsequently, he joined
Royal Bafokeng Finance where he
is responsible for effective financial
management and administration. His
expanded role includes participation
in strategic investment as well as
treasury management. He is a Nonexecutive
Director to Bafokeng Concor
Technicrete (Pty) Limited. Tshepo is the
Founding Executive Member of the
Black Manager Forum (Vaal Branch) and
a member of the Association of Black
Accountants of South Africa.
09
10
David Noko (50)
Higher Diploma – Mechanical
Engineering, MBA, Diploma in
Company Direction Engineering,
Government Certificate of
Competency
Non-executive director
David Noko started his career at GEC (now
Alstom), an international manufacturing
company. In 1987, he joined South African
Breweries where he reached senior
management level in 1991. He then joined
Pepsi Cola International in 1994. He joined
Air Chefs (Pty) Ltd, the largest company in
South Africa at the time, in 1999 as CEO.
From 2002 to date, he has been at De Beers
where he took over as Managing Director
in February 2006.
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Gary King (31) BCom (Hons),
CA(SA)
Company Secretary
Gary King completed his articles with
Deloitte & Touche and qualified as a
Chartered Accountant in 2002. After
a further two years as a manager with
Deloitte & Touche, he moved to Super
Group as Financial Manager in their
DNA Automotive division. Gary joined
Astrapak in February 2006 as Group
Financial Manager and, with effect from
14 July 2006, also assumed the role of
Company Secretary.
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John Buchanan* (64)
CA(SA), BTh, EDP (Columbia)
Non-executive director
John Buchanan has 21 years’ financial
and management experience in the
packaging industry, 11 years’ financial
and management experience in the
confectionery and soft drink industry and
six years’ experience as a non-executive
director of listed public companies.
Directorships include Aspen Pharmacare
and Business Connexion.
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Manley Diedloff x• (38)
BCom (Accounts)
Business Development Director
Executive director
Manley Diedloff completed his articles
with Fisher Hoffman & Stride in
December 1994. He was then employed
as a Financial Manager with Bupa Health
Services in the United Kingdom before
joining HSBC Bank Plc as Internal Audit
Manager. Upon his return to South Africa,
he joined Grinaker Construction as an
accountant and after three years moved
to Astrapak as Group Accountant. He
has held various positions in Astrapak
including that of Group Financial
Manager and Group Commercial
Manager before being appointed to the
Astrapak Board as Business Development
Director on 1 January 2005.
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† Member of the Remuneration Committee * Member of the Audit Committee x Nominations Committee ‡ Non-independent • Transformation Committee
Astrapak annual report 2008
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