# Teqal receives R50 million IDC financing for factory expansion

Teqal, a producer of injection moulded rigid plastic containers, has been awarded a R50-million financing facility by the IDC to expand its factory at the Dube TradePort Special Economic Zone in South Africa.

- Type: Investment
- Announced: 2021-02-05
- Where: Dube TradePort Special Economic Zone, KwaZulu-Natal, South Africa
- Value: $3.40M (50.0M ZAR)
- Status: announced
- Products: biodegradable rigid plastic containers, cosmetics jars
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Teqal](https://endata.com/companies/8646.md)
- [Industrial Development Corporation](https://endata.com/companies/3720.md) (investor)

## Sources

- [sapt.co.za](https://sapt.co.za/africas-first-fully-biodegradable-rigid-plastic-jar-from-teqal/), 2021-02-05: "The only way to change the impact of plastic on the environment is at product level, and a biodegradable solution will have a major impact on the environment."

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