https://www.engineeringnews.co.za

Czech textile company to invest R1bn in Atlantis factory

28th February 2017

By: African News Agency

  

Font size: - +

A textile manufacturer from the Czech Republic is to build a state-of-the-art manufacturing facility in Atlantis, in the Western Cape, in a R1-billion investment that would create hundreds of jobs for local residents, Wesgro said on Tuesday.

The Western Cape’s tourism, trade and investment promotion authority and Into South Africa, an investment advisory firm, plan to make an official announcement on Wednesday about the investment by Pegas Nonwovens, a Czech nonwoven fabrics manufacturer.

The Wesgro statement said the investment, one of the biggest foreign direct investments in manufacturing in the Western Cape since 2011, came after months of negotiations and due diligence reports.

More information will be available at a press conference on Wednesday, which will be attended by the Western Cape Premier Helen Zille, Cape Town mayor Patricia De Lille, Western Cape Economic Opportunities and development Minister Alan Winde, Pegas Nonwovens CEO Frantiçek Rezac and Into SA CEO Ralph M Ertner.

Edited by African News Agency

Comments

Latest News

Eskom chairperson Dr Mteto Nyati
Eskom says generation recovery plan gathering momentum
Updated 2 hours 15 minutes ago By: Marleny Arnoldi

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
Updated 4 hours ago By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.075 0.131s - 157pq - 2rq
Subscribe Now