# 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.

- Type: Investment
- Announced: 2022-03-24
- Where: Struandale, Gqeberha, South Africa
- Value: $6.80M (102.0M ZAR)
- Status: announced
- Products: automotive components, auto transfer press
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Formex Industries](https://endata.com/companies/9053.md)
- [Volkswagen South Africa](https://endata.com/companies/9054.md) (customer)

## Sources

- [formex.co.za](https://formex.co.za/news/formex-industries-invests-in-a-new-facility/), 2022-03-28: "This latest R102-million investment commitment announced by Formex at the South Africa Investment Conference"

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