Industrial Development Corporation

Announcements · 3

Mar 28, 2022EXPANSIONDube TradePort, KwaZulu-Natal, South Africa$3.40M
Teqal expands plastic packaging factory in KwaZulu-Natal with IDC financing
Teqal moved into a new 4,000 sqm factory at Dube TradePort, KwaZulu-Natal, after its 2021 expansion funded by a R50m IDC financing facility, adding energy-efficient servo-driven equipment capable of up to 40 million jars per year.
Teqal Industrial Development Corporation investor #Plastics and Polymers #Packaging pharmacos.co.za
Nov 9, 2018ACQUISITIONSouth Africa
Ainsworth Engineering and United Valve Company change ownership under BBBEE deal
Valve manufacturer Ainsworth Engineering and distributor United Valve Company were sold to new owner Siyabonga Meyiwa in a deal funded by the Industrial Development Corporation. The sale concluded in September 2018 and the companies were upgraded to Level 1 BBBEE status.
Ainsworth Engineering target United Valve Company target Industrial Development Corporation investor #Pumps and Valves miningweekly.com
Aug 10, 2018INVESTMENTGauteng, South Africa
IDC-funded empowerment deal upgrades Ainsworth Engineering and United Valve Company
Through an IDC-funded initiative, valve makers Ainsworth Engineering and United Valve Company will be upgraded to Level 1 B-BBEE status under new ownership, with new machines to be bought over 12 months.
Ainsworth Engineering United Valve Company Industrial Development Corporation investor #Pumps and Valves engineeringnews.co.za miningweekly.com

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