Fin24 reports that KwaZulu-Natal MEC for Economic Development, Tourism and Environmental Affairs Sihle Zikalala on Tuesday presided over the signing ceremony relating to a R4.5bn investment into a titanium dioxide pigment production plant in Richards Bay.
The plant’s strategic partners comprise the Richards Bay Industrial Development Zone and Nyanza Light Metals and Avertana, a New Zealand-based company. It will produce titanium dioxide pigment, a product used in paint, toothpaste and colourants for food products. Construction will commence next year, while production is expected to begin in late 2019. About 550 permanent jobs will be created when the plant is operational and 1,200 indirect and 800 direct jobs will be created during construction. Zikalala also indicated: “Over the next few months we will be working towards finalising investments of more than R4.1bn emanating from different sectors of our key focus. From these we expect 868 permanent jobs and 1,260 jobs during the construction.”
- Read this report by Mxolisi Mngadi in full at Fin24
- Read too, Richards Bay plant to make pearly whites from industrial slag, at Engineering News
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