# OSG invests R60M in Somta Tools plant in Pietermaritzburg

OSG Corporation continued its investment plan at Somta Tools in Pietermaritzburg, South Africa, with a R60 million investment announced in 2019 and implemented from June 2019. The investment included new machines and quality measurement solutions.

- Type: Investment
- Announced: 2020-01-15
- Where: Pietermaritzburg, KwaZulu-Natal, South Africa
- Value: $3.60M (60.0M ZAR)
- Starts operating: Jun 2019
- Status: under construction
- Products: round cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [metalworkingnews.info](https://metalworkingnews.info/osg-continues-to-invest-in-somta-tools/), 2020-01-15: "Last year OSG Corporation announced a R60 million investment in our factory in Pietermaritzburg, KwaZulu-Natal, which we began implementing in June 2019."

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