According to AllAfrica Minister of Trade and Industry, Dr Rob Davies lauds the R580m investment made by local company Twinsaver, which has been operating in South Africa for over 60 years.
"This investment expansion made the investment is indeed commendable and resonates well with our industrial policy of building local production capacity and gearing up for export markets,
He added the investment is expanding, enhancing Twinsaver' competitiveness and production'.
The CEO of Twinsaver, Garth Towell says they have committed R580m as part of the company's strategic investment programme in South Africa. The R580m has been committed to the country's local manufacturing sector, investing in state-of-the-art production equipment at its Bellville and Kliprivier operations.
"Twinsaver has five production locations in South Africa with its head office located in Brynston employing 769 people. The R500m investments by Twinsaver at its Kliprivier manufacturing operation in Gauteng will involve the construction of new facilities and the installation of a new tissue-manufacturing machine," says Towell.
The Kliprivier manufacturing plant is expected to take 15 months to complete, and will increase the annual output of 59,000 tons by 27,000 tons.
Twinsaver already invested R80m at its Bellvile factory in the Western Cape, in August 2016, completing phase 1 with the installation of a 2-ply converting line which will double 2-ply production capacity and create additional employment across the tissue value chain.
The Ekurhuleni Executive Mayor, Councillor Mzwandile Masina also welcomed Twinsavers investment expansion in the Ekurhuleni Municipality. Speaking at the ceremony Mr Masina spoke on business support in the Ekurhuleni region highlighting that manufacturing holds an important role in the process of economic development in the country and region.
Twinsavers R500m investment at its Kliprivier manufacturing operation in Gauteng, received support from the Department of Trade and Industry's 12i Tax Allowance incentive scheme to the value of R180m.
Issued by: Department of Trade and Industry