United Heavy Industries investment drive, South Africa
Name of the Project
United Heavy Industries investment drive.
Location
KwaZulu-Natal, South Africa.
Project Owner/s
United Heavy Industries.
Project Description
United Heavy Industries plans to invest R350-million to more than double the capacity of its recently acquired steel mill at Mandeni, in KwaZulu-Natal, from 70 000 t/y to 150 000 t/y through equipment upgrades.
The investment in the recently acquired steel mill forms part of a planned R17-billion investment drive.
As part of the investment drive, the company also plans to spend R4.5-billion on a 1.5-million-ton-a-year integrated steel mill in the next two years, with a phased expansion amounting to another R3.7-billion.
The balance of the funds will be allocated to investments on key infrastructure projects and manufacturing units within the energy and aerospace industries.
Potential Job Creation
United Heavy Industries’ investment drive is expected to create up to 4 000 jobs over the next five years. The integrated steel mill will create about 2 500 direct and indirect jobs.
Capital Expenditure
United Heavy Metals plans to spend an estimated R17-billion in its investment drive.
Planned Start/End Date
Not stated.
Latest Developments
The investment plan was announced in October 2020.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
United Heavy Industries, tel +27 32 004 0132 or email info@unitedheavyindustries.com.
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