Business: Proctor & Gamble Invest R200 Mln in New SA Plant
Recent Gauteng Business News
Proctor and Gamble invest R200 mln in new SA plant
Wednesday, 11 March 2009
US manufacturer of consumer goods Proctor and Gamble has announced a R200 million investment in South Africa with the establishment of a new plant in the country that will produce disposable nappies.
With an annual revenue of more than US$ 83 billion, Proctor and Gamble is considered the world's largest consumer goods manufacturing company.
The investment in South Africa is considered to be a huge psychological victory for SA, says Business Day, in light of the current economic crisis. The plant will be Proctor and Gamble's first in the southern African region, with other facilities on the continent situated in Egypt, Nigeria and Morocco.
Business Day reports that the SA plant, which is already in its pilot production phase will be based in Kempton Park and will be headed by a team of 35 South African engineers, who have received training in Poland and Turkey. It is expected that the plant will employ in excess of 150 full time staff over the next two years.
The investment was in part clinched by a decision by the International Trade Administration Commission to grant rebates on the import duties of inputs needed for the manufacture of the nappies.
"The granting of the rebate has clinched the investment and it is obviously positive for our attitude to future investment in the region. We are a fledgling here compared to our operations in the rest of the world," Adema Sangale, P and G's associate director of external relations, told Business Day.
Courtesy of: www.sagoodnews.co.za
Business News Sector Tags: Business|