From Creamer Media in Johannesburg, this is the Real Economy Report.
Sashnee Moodley:
President Cyril Ramaphosa and Corobrik CEO Nick Booth officially unveiled the company’s new R800-million Kwastina brick factory, in Gauteng, earlier this month. Tasneem Bulbulia attended the launch.
Tasneem Bulbulia:
The factory was highlighted as a technologically advanced and environment-friendly brick manufacturing plant. Corobrik plans to have at least 26% of the factory’s energy needs met by renewable energy sources and there are also plans to reduce gas emissions from the kilns by at least two-thirds. Booth expands.
Corobrik CEO Nick Booth:
Tasneem Bulbulia:
The new factory has the capacity of 100-million bricks yearly, compared to the previous factory’s capacity of about 78-million yearly, a 25% improvement.
Booth outlines that construction timeline of the new factory.
Corobrik CEO Nick Booth:
Tasneem Bulbulia:
He also explains the rationale for this new factory.
Corobrik CEO Nick Booth:
Tasneem Bulbulia:
Booth highlights the benefits this factory would provide
Corobrik CEO Nick Booth:
Tasneem Bulbulia:
President Cyril Ramaphosa lauded the project, and the benefits this investment would provide for the country.
President Cyril Ramaphosa:
Sashnee Moodley:
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy. Don’t forget to listen to the audio version of our Engineering News daily email newsletter.