Lotus investing R170m in new Western Cape factory

14th April 2022

By: Yvonne Silaule

Contributor

     

Font size: - +

Western Cape Agriculture Minister Dr Ivan Meyer has welcomed the R170-million investment by Flemish biscuit company Lotus, which has started building a factory, in Wolseley, in the Western Cape.

Lotus' best-known product is Speculoos, a spiced shortcrust biscuit marketed abroad as Biscoff. However, at an existing factory at Wolseley, Lotus produces healthy snacks in the shape of fruit rolls sold under the Bear's brand name.

"The investment by Lotus . . . will positively impact the economy and jobs within Wolseley and the greater Witzenberg region.

“The agricultural value chain creates jobs in rural and peri-urban regions with higher unemployment rates than cities. Investments such as these promise more jobs and prosperity to rural communities," Meyer comments.

Lotus Manufacturing South Africa MD Donald Matheson says the story of Lotus South Africa was one of meteoric success.

“We opened our first plant in 2019, the second in 2021, and by August 2023, we will open the third plant. During this period, production has jumped from 1 800 t of product in 2019 to about 3 100 t.

"At the same time, jobs have increased from 293 to 527," he points out.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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