Afrox signs supply contracts

Johannesburg - Afrox [JSE:AOX] has retained the V&A Waterfront contract for the supply of bulk Liquefied Petroleum Gas (LPG) for the next five years.

The R55m contract comes at a time when the V&A Waterfront is continuing development projects across the property, which will present Afrox with opportunities to grow the current portfolio.

Afrox has also been awarded a R100m contract to supply Liquid Carbon Dioxide to Kingsley Beverages' new carbonated soft drinks plant in Roodepoort. This follows an initial supply contract, signed with Kingsley Beverages in 2013 and worth R150m, to supply plants in Malvern and Springs.

Another contact signed by Afrox is for the LPG supply extension contract valued at about R260m over five years with a major re-seller in Botswana, which operates from numerous sites across the country.