KAS Africa secures $10m investment for growth
Personal care products manufacturer KAS Africa has secured a $10-million investment from Mauritian investment company TRT Investments for the acquisition of a new plant and equipment to build capacity and capability.
TRT has acquired a 49% stake in KAS Africa, which also now has access to working capital facilities put in place by TRT Investments with support from the African Export-Import Bank.
The transaction will enable KAS Africa to ramp up capital investment in line with its plan to grow aggressively in South Africa and across the continent.
Among other plans, KAS Africa will enhance its product range, grow its client base and build state-of-the-art, world-class manufacturing facilities across the continent, it states in a media release.
“We have built one of the continent’s foremost manufacturing plants in terms of size, volume, product variety and capability standards. We have earned a reputation for delivering quality, flexible, local manufacturing capabilities that meet the most rigorous international standards.
"In partnership with TRT Investments, we will be able to move this innovative business to the next level,” says KAS Africa CEO Vinny Perumal.
This investment is in line with TRT Investments’ drive to support industrialisation and economic growth across the continent.
“There is a close fit between our contract manufacturing business in the personal care, home care, baby care and oral care sectors and TRT Investments’ vision for unleashing Africa’s potential as an industrial powerhouse of the future,” notes Perumal.
“We have bought a significant share in KAS Africa because it fits into TRT’s strategy of industrialising Africa and helping to build it into the alternate supply chain of the world.
"Our objective is to increase KAS Africa’s breadth and depth and to grow the company aggressively. We are particularly excited about the potential of expansion into East and West Africa for KAS Africa,” adds TRT Investments chairperson Adam Molai.
Comments
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