The Coega Development Corporation (CDC) has announced a R22 million expansion by agro-processing company Dynamic Commodities in Zone 3 of the Coega Industrial Development Zone (IDZ).
The project brings the total number of investors who have expanded their operations in the Coega IDZ over the past two financial years to four.
“These numbers are impressive given the macro-economic challenges facing the domestic and global markets. Investors are confident in the Coega IDZ’s ability to withstand tough times, as such they continue to experience consistent growth year-on- year,” said Dr. Ayanda Vilakazi, CDC unit head marketing and communications.
One such investor is Dynamic Commodities, which exports most of its output on an annual basis. The expansion includes a warehouse and refrigerated storage facilities in order to meet the demand.
According to Dynamic Commodities general manager of sales and marketing Mark Larter, this investment will allow them to expand their client base and in the process provide more opportunities for the business and the brand. “Currently our clientele base is in Europe, with countries such as Germany, France, Russia, United Kingdom, Norway and Sweden to mention a few” said Larter.
The economic spinoffs as a result of the expansion will create over 500 work opportunities, with 300 operational jobs and 200 in during the construction phase.
Dynamic Commodities innovative production methods in food processing to provide top quality products need to be celebrated. Its product line includes Island Way Sorbet – ice cream in real fruit shells; Breakfast Apples – flavoured apples with granola and oats; Pepaby’s – sweet baby piquante peppers; Frozen fruit pieces – loose and diced pieces of frozen fruit; Bits ‘o juice – frozen natural citrus pods; and SoShi – sorbet dessert in Sushi rolled fashion.
“Dynamic Commodities buys all its fruit such as lemons, oranges, grapefruit, apples, peppers, peaches, melons and pineapples locally thus boosting the local economy. It also gives farmers the opportunity to grow produce on contract specifically for the factory, and in this way creates jobs and opportunities for local farmers who would otherwise not have had a market for their products,” said the CDC Business Development Senior Manager, Johan Fourie.