Industry News II

Nissan invests R1million in expanding factory – Money Matters

August 26, 2012 No Comments »

Nissan is to invest R1 million in expanding its manufacturing plant at Rosslyn outside Pretoria in South Africa.

The investment will double its capacity and will also prepare the way for the manufacture of a new one-ton pick-up range.

Nissan Motor Company of Japan’s chief operating officer Toshiyuki Shiga, said: “We are now more interested in committing ourselves to business in Africa."

The announcement has been seen as a vote of confidence in South Africa’s automotive industry and the expansion of the plant is set to create about 800 new direct jobs and 4,000 jobs in its supply chain.

The plan will see the factory’s production doubling to about 100,000 units per year and also includes a scheme for a new training centre, which is being put together in partnership with the Gauteng provincial government, to ensure the skills neededwill be available.

The local content of the new pick-up, excluding the power train would be increased from the 50 percent of the current Hardbody pick-up to 70 percent  of its replacement.

National Association of Automobile Manufacturers of SA director Nico Vermeulen told Business Day that Nissan's investment showed confidence in South Africa's industry.

"BMW launched its new 3-series, Ford its new Ranger, VW its Polo Vivo and so on, all recently," Vermeulen said. "Toyota made a big investment in 2006.

"We can see that major automotive manufacturers are on course to work with the APDP, which shows the industry is on a good track."

Powered by WPeMatico

Leave A Response