◂ Announcements

Jul 11, 2022NEW FACILITYStruandale, Eastern Cape, South Africa, South Africa

Formex Industries establishes new facility in Struandale, South Africa

Formex Industries announced a R100 million investment to establish a new facility in Struandale, Eastern Cape, South Africa, to house a 1600-tonne auto transfer press. The facility will supply components to VWSA and other OEMs, including Isuzu, and is part of a VWSA contract award.

Value

$6.00M (100.0M ZAR)

Starts operating

Mar 2023

Status

Announced

Productsauto transfer pressbodyshop stampingsfuel filler flap assemblies

CompaniesFormex Industries Volkswagen South Africa customer Isuzu customer

Sectors#Automotive Components

“Formex recently announced yet another investment of just over R100-million towards the end of March 2023, this on the back of yet another VWSA contract award.”formex.co.za

1 source
formex.co.zaSpotlight on Struandale: Formex Industries’ new facilityFormex EditorJul 11, 2022

Summarized from public sources; check the original articles before acting on it.

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