PORT ELIZABETH - The first shipment of assembly equipment for the new R11 billion car plant being built in Port Elizabeth arrived in December, Beijing Automobile International Corporation (BIAC) South Africa said.
A statement released on behalf of BIAC and Industrial Development Corporation revealed that the shipment comprises components for vehicle assembly, welding and painting plant equipment.
BAIC said that the industry standard equipment, on-line-testing, installation service, logistics and consumable items will be locally procured, accounting for 15% of the total equipment value in terms of the agreement with Beijing Industrial Designing & Research Institute.
Coega Development Corporation signed a deal with BIAC in August 2016 for construction of an automotive manufacturing facility in the Coega Special Economic Zone.
This investment adds to the province's major plants already in place, such as General Motors and Volkswagen plants.