Davies hails Hisense’s R72m investment in Atlantis factory expansion
Minister of Trade and Industry Dr Rob Davies has hailed Hisense’s investment of R72-million into its refrigeration and television production lines at its factory in Atlantis, in Cape Town, as an “important achievement” and “another example of the fruits of South Africa’s successful partnership with the Republic of China”.
He also said the Hisense investment signified that South Africa remains an attractive investment destination across all sectors, including advanced manufacturing.
Davies was speaking at the official launch of the expansion, which was also attended by Hisense Middle East–Africa president Jeyy Liu.
Hisense, a global company providing flat panel televisions, household appliances and mobile communication devices, has expanded its plant in Atlantis, Western Cape.
“Everyone who is involved with this kind of a project needs to be extremely proud of what has been achieved here, because this is an important investment which has injected R72-million into the economy and created 150 quality manufacturing job opportunities.
Moreover, this investment brings Hisense’s total investment in this Atlantis plant to R440-million, which is a significant investment,” said Davies.
He also said that the Hisense plant was an example of the commitment of government in general, and the Department of Trade and Industry (DTI) in particular, to supporting manufacturing in South Africa as a whole, but specifically in Atlantis, and in the fast-moving consumer goods industry.
“As a department we are very happy that the first investment was supported by the DTI through is Manufacturing and Competitive Enhance Programme, as well as through the tariff rate dispensation that has supported the investment in the fridges,” said Davies.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation