Coega investor becomes SA’s second biggest truck exporter
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
R600 million investment at Coega SEZ bearing fruits
First Automotive Works, also known as FAW, has moved three places up the rank from fifth to a top two position behind the Volvo group.
The fortune 500 company with a truck assembly plant worth six hundred million (R600 mill) located at the Coega Special Economic Zone (SEZ) spent the greater part of 2017 raving up its export numbers to two hundred and twelve (212) units.
“Nothing gives us greater pleasure than to see the extent of success that accumulates with investments located at the Coega SEZ. It validates the findings of an independent study on the Coega SEZ, which found that 90% of operational investors described the SEZ and its logistics park as the ideal location for industries,” says Dr Ayanda Vilakazi, Unit head: Marketing, Brand and Communications.
The success of FAW in the year 2017, is compounded by a further record year in terms of domestic sales having grown from 929 units in 2016, to 1 032 units in 2017.
“As the CDC we were very proud to hear of the company having rolled of its 3 000th locally built truck off the production line in 2017,” concludes Dr Vilakazi.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation