DURBAN – Glodina, one of South Africa’s largest towels manufacturing company, has restarted its operations today after it closed down due to financial problems.
The factory which has located in Hammarsdale on the outer west of Durban is back up and running after an intervention from the KwaZulu-Natal government.
MEC for Economic Development, Tourism and Environmental Affairs Sihle Zikalala and the CEO of the Industrial Development Corporation (IDC) Geoffrey Qhena officially opened the plant.
Zikalala said that the KZN government intervened because of the turnaround programme of Glodina and to avoid the devastating effects from the closure of the factory on the economy of the region.
"We had extensive engagements with the management and shareholders of Glodina to understand the nature of the challenge, and working together, we devised mitigation strategies," said Zikalala.