Nigerian company to set up shop in SA as Dep Minister pushes incentives
Nigeria-based refractory products manufacturer Eunaco Refractionaries is ready to open operations in South Africa, after establishing a joint venture with a South African company in Richards Bay.
The ceramic heat containment products manufacturer would operate as J Manuel Supplies and Logistics and manufacture products from February 2014.
CEO Chudi Obinwa said the company chose South Africa owing to its strategic location in terms of access to trade from Asia, as well as its available expertise and technology.
“We are looking at importing raw material from China, manufacturing our goods in South Africa and exporting them to Nigeria, Cameroon, Côte d'Ivoire and Benin,” he noted.
Obinwa said manufacturing his products in South Africa would cost less than doing so in Nigeria, while he was also reassured by the support and incentives offered by the local government to foreign companies wanting to invest in the country.
“Deputy Trade and Industry Minister Elizabeth Thabethe promised to avail officials from her department who will help us access these incentives so that we can benefit from government support in South Africa. Accessing these incentives will assist us in keeping our prices low and, in that way, make it easier for us to conquer the market,” he said.
At last week’s Outward Selling and Investment mission, in Nigeria, Thabethe encouraged Nigerian companies to invest in South Africa and urged them to apply for incentives that government had created to support foreign companies investing in the country.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Complete range of security sealing solutions including security seals bags and labels.
VISIT SHOWROOM
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
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
