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Textile maker pins R400m on Coega plant

Posted On Monday, 25 July 2005 02:00 Published by eProp Commercial Property News
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Belgian textile producer Sander International Textiles will become the first tenant of the Coega industrial development zone (IDZ), where it plans to establish a R200m plant.

Property-Housing-ResidentialSander's public relations director, Michael du Plessis, lists a number of reasons for the decision to locate in the Coega IDZ: "We have been able to secure leasehold of 20 years with the first option to purchase the land with its improvements; we qualify for duty-free import and export facilities; and close proximity of the new harbour will facilitate the import and export of commodities." Lesser but still-important considerations are the exposure Sander could enjoy and the support of important roleplayers such as the industry Seta and the CSIR in developing new fabrics.

"Concentrating all the plants necessary for the manufacture of a niche textile on one property will create efficiencies, and create job opportunities for 390 people within the next two years."

The weaving plant and the administration building, currently under construction, are expected to be operational by November 2005. Then a plant for dyeing and finishing of the textiles will be built, and, lastly, an extruding plant.

The total investment capital amounts to R400-million. "We believe that a capital investment of this size could contribute to alleviating the employment crisis of the Nelson Mandela Metro," says Du Plessis.

The niche Sander has identified includes a fire-retardant fabric suitable for households, the hospitality industry and the automotive industry, which it plans to export.

Last modified on Wednesday, 25 June 2014 18:24

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