AIDC, SPDC to merge
The Gauteng Growth and Development Agency intends to restructure the business and operations of its Supplier Park Development Company (SPDC) and the Automotive Industry Development Centre (AIDC) subsidiaries by way of a merger.
The integration would be in effect from April 1.
The AIDC would be merged into the SPDC, transforming the SPDC into the successor in title to the business of AIDC through the formation of a single business entity.
The SPDC would use the AIDC as a trading name and would assume the trademarks of the AIDC.
The mandate of the SPDC was to concentrate automotive component manufacturers, suppliers and service providers in one location – known as the Automotive Supplier Park – to achieve synergies and cost benefits and to develop factories to tenant requirements on a long-term lease basis.
The AIDC was established to assist in increasing the global competitiveness of the South African automotive industry to world-class levels by increasing the number of qualified South Africans working in the field, improving the quality of locally manufactured automotive components, and minimising logistical costs in the industry.
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