# OSG Corporation invests R60M in Somta Tools factory

OSG Corporation is investing R60 million over 24 months in new technology and equipment at its Somta Tools factory in Pietermaritzburg, South Africa.

- Type: Investment
- Announced: 2019-06-21
- Where: Pietermaritzburg, KwaZulu-Natal, South Africa
- Value: $4.20M (60.0M ZAR)
- Status: announced
- Products: cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [OSG Group](https://endata.com/companies/17606.md)
- [Somta Tools](https://endata.com/companies/40170.md) (partner)

## Sources

- [metalworkingnews.info](https://metalworkingnews.info/osg-corporation-gives-somta-tools-factory-thumbs-up-with-r60-million-investment/), 2019-06-21: "OSG Corporation is investing R60 million over the next 24 months in new technology and equipment at its Somta Tools factory in Pietermaritzburg."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.