ACTOM, a major supplier of electrical equipment, services and balance of plant to the renewable energy sector, is rolling out its R100 million investment in plant expansion in Pretoria.
The investment was first announced as one of the pledges worth billions of rands that were made at the fifth South African Investment Conference held in Johannesburg in April this year.
This contributed to bringing the total value of investment pledges over a five-year investment mobilisation period to R1.51 trillion, exceeding the initial target of R1.2 trillion set by President Cyril Ramaphosa.
ACTOM CEO Mervyn Naidoo said the company is well-positioned to provide energy solutions through its businesses and partners.
“We have earnestly started expanding our plant and this will contribute to growing the economy of Gauteng in particular, and the country in general, by building local capacity in manufacturing in the electro-mechanical equipment,” he said.
The company offer’s technologically advanced products from large-scale infrastructure installations to smaller projects and support services to confront challenges facing the electro-mechanical industry.
Naidoo said the company had made the R100 million investment to take advantage of opportunities in growing sectors such as renewable energy. The expansion of the Pretoria plant will create 30 new jobs.
ATCOM employs more than 7 000 people in its 34 operating units, 53 production, service and repair facilities and more than 33 distribution outlets throughout Southern Africa. – SAnews.gov.za
