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Mar 24, 2022INVESTMENTStruandale, Gqeberha, South Africa

Formex Industries invests R102 million in Struandale facility for VW localisation

Formex Industries announced a R102 million investment to buy and upgrade a new facility in Struandale, Gqeberha, to supply VW South Africa with over 20 automotive components and buy a large auto transfer press.

Value

$6.80M (102.0M ZAR)

Status

Announced

Productsautomotive componentsauto transfer press

CompaniesFormex Industries Volkswagen South Africa customer

Sectors#Automotive Components #Industrial Machinery

“This latest R102-million investment commitment announced by Formex at the South Africa Investment Conference”formex.co.za

1 source
formex.co.zaFormex Industries invests in a new facility - Formex.co.zaMar 28, 2022

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

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