Richards Bay Industrial Development Zone signs R2.1 Billion worth of investment
The Richards Bay Industrial Development Zone has signed two more major investments at the signing ceremony held on the 1 April 2015 in Richards Bay.
Byromate (Pty) Limited t/a Energuys is going to establish a 65 MW biomass electricity generation plant in the Phase 1F of the Richards Bay IDZ with investment value of R2 billion to create approximately 260 construction jobs and 70 permanent jobs. This project will alleviate the countrywide problem of shortage of energy supply that has suffocated most industrial and production facilities in the country.
The ProStar Export Paints (Pty) Ltd which is poised to establish the paint production plant within the Phase 1A of the Richards Bay IDZ around September 2015 will invest R25 million in the first phase of its production and R35 million in the second phase. The plant is to create approximately 50 construction jobs and 50 permanent jobs.
In his overview presentation of the RBIDZ, the CEO Pumi Motsoahae highlighted other opportunities that are still available in the different sectors of RBIDZ speciality, including Manufacturing, Agro-processing, Pulp and Paper, Oil and Gas, Maritime and ICT (Techno Parks) opportunities.
The signing of these two investors come just after the RBIDZ has recently also signed two investors in December 2014, to the tune of R320 Million combined, which are RB Energy Services (t/a Lovemore Brothers), who are now operational in the zone and who have been the first investor to locate in the Phase 1A, as well Sizabantu Piping Systems Manufacturing company that is specialising in PVC piping system.