INDUSTRY NEWS
BAW expansion shot in arm for creation of jobs
BAW expansion shot in arm for creation of jobs
Springs in Gauteng is famous for its Kelloggs and PG Glass factories as well as the mining industry, but it is not well known as an automotive town. So it might surprise you to know that it is the site of one of the biggest Chinese car makers, BAW. Owned by the mighty Beijing Automotive International Company (BAIC), BAW has been assembling its Toyota Quantum minibus taxi copy, the 16-seater Sasuka, for a few years now. Commitment This week it announced that under its commitment to shareholders, which includes the Industrial Development Corporation (IDC) and to meet the requirements of the Automotive Production Development Programme (APDP), it is expanding its facility from semi-knockdown to complete knockdown. Following the initial investment of R196m in 2012, the factory is now set to benefit from a further investment to the tune of R250m, R80m of which will come from the IDC. Much of the rest of the investment will take the form of capital investment through equipment which will b...
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