Amsa plant closure could cost 16,000 automotive components jobs
Loss of long steel production will reduce vehicle exports and ruin plans to localise the industry, says Naacam
16 January 2025 - 17:58
The loss of long steel production at ArcelorMittal SA’s (Amsa) Newcastle plant could cost up to 16,000 jobs in the local automotive components industry, slash vehicle exports and wreck plans to localise the industry.
That was the stark warning on Thursday from Renai Moothilal, CEO of the National Association of Automotive Component and Allied Manufacturers (Naacam)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.