https://newsletter.en.creamermedia.com
Automotive|Export|Industrial|Manufacturing|PROJECT|Equipment|Manufacturing
Automotive|Export|Industrial|Manufacturing|PROJECT|Equipment|Manufacturing
automotive|export|industrial|manufacturing|project|equipment|manufacturing-industry-term

Feasibility study on Stellantis plant to inform IDC on its contribution

20th September 2023

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

The State-owned Industrial Development Corporation (IDC) says the bankable feasibility study for the proposed multibillion-rand Stellantis vehicle assembly plant, in Coega, in the Eastern Cape, is underway.

The project is a joint venture (JV) between Stellantis and the IDC.

IDC spokesperson Tshepo Ramodibe says the outcome of the feasibility study will inform the corporation on its contribution to the JV.

“We are currently exploring our participation in the project. We are working closely with Stellantis to determine the extent of our participation in this project.”

Ramodibe says the project “aligns with IDC’s intent to drive investment that supports the development of the regional automotive value chain”. 

“Other than BAIC, we have not taken any form of equity in recent years in a large-scale automotive original-equipment manufacturer (OEM, or vehicle maker). However, we remain open to funding all levels of the automotive industry – both OEMs and component manufacturers.”

The BAIC plant, for the Chinese manufacturer, is also in Coega, but is not yet in production.

Stellantis earlier in September announced that it would invest R3-billion to develop a greenfield manufacturing facility in Coega, along with the IDC and the Department of Trade, Industry and Competition (dtic). 

The manufacturing plant is scheduled for completion by the end of 2025. 

The first vehicle to be built, planned for early 2026, is a one-ton bakkie, with volumes expected to reach up to 50 000 units a year for the local, as well as export markets.

The plant’s capacity, as determined by space and the paint plant, is 90 000 units a year.

Direct employment to support initial volumes is expected to be 1 000 jobs. 

The localisation of parts is targeted at more than 30%.

Stellantis owns and sells the Fiat, Fiat Professional, Abarth, Alfa Romeo, Citroën, Jeep, Opel, Peugeot and MOPAR brands.

 

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.166 0.278s - 194pq - 2rq
Subscribe Now