Norfund backs Texplast with $15M debt for Kenyan aseptic packaging plant
What's the deal? NorfundDealroom has a profile for this one. Try Dealroom → has invested $15 million in debt in Texplast IndustriesDealroom has a profile for this one. Try Dealroom → as part of a $30 million project to build an aseptic packaging plant in Kenya. Commercial commissioning is targeted for late 2026, with the facility set to supply the UHT dairy, juice and liquid food sectors.
Why now? The plant will introduce local manufacturing capacity for aseptic packaging, which allows products to be stored and shipped without refrigeration in markets where cold-chain infrastructure remains a constraint.
The expansion: Founded in 1971, Texplast serves food, beverage, agriculture, construction and consumer-goods customers across East and Central Africa. Its recycling division turns worn-out reusable bags into raw materials for new ones, and the company supplies roughly 500,000 reusable bags a month to CarrefourDealroom has a profile for this one. Try Dealroom → stores in Kenya and Uganda.
The signal: The investment points to growing interest in East African manufacturing capacity as demand for packaged goods rises faster than local production. The project is also expected to create direct and indirect jobs across the supply chain.
Read more: SustainabilityMEA
Image credit: Generated with Gemini
