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Northglen News reports that Dube TradePort (DTP) will soon be home to a R1.1-billion automotive-components manufacturing facility.
The launch was held at the facility’s TradeZone 2 on 22 August 2024, marking a milestone for foreign direct investment in KwaZulu-Natal. Construction of the facility has commenced, and the company aims to resume its manufacturing operations in June 2025. Speaking at the launch of the joint venture manufacturing operation between Toyota Tsusho Africa (TTAF) and Ogihara Thailand Corporation, MEC for Economic Development Tourism and Environmental Affairs, Reverend Musa Zondi, said: “We are exceptionally pleased that after an extensive site selection process, Ogihara SA decided to locate its state-of-the-art manufacturing facility at Dube TradePort’s TradeZone 2.” Ogihara SA, the single largest investment secured by DTP, occupies 32,000 m2 at TradeZone 2 – inclusive of a manufacturing and assembly plant that was relocated from Thailand. The plant will produce pressed steel components for supply to Toyota South Africa Manufacturing. Ogihara SA is one of seven private sector investors secured for Dube TradeZone 2, with a total private sector investment value of close to R2 billion and an expected job creation of around 600 within the next five years.
- Read the full original of the report in the above regard at The Citizen
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