Chinese government-owned vehicle manufacturer First Automotive Works has started construction on a R200-million completely knocked down (CKD) medium to heavy truck assembly plant in the Coega Industrial Development Zone.
The plant is expected to benefit from the Special Economic Zone (SEZ) tax, employment and training incentives announced by finance minister Dr Rob Davies. This would mean the creation of an SEZ within the Coega IDZ.
When the first vehicles start rolling off the assembly line in 18 months’ time, the plant will be one of the only CKD truck assemblers in Africa.
Coega plant will be first CKD assembler in Africa
01 Mar 2012 - by Ed Richardson
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