\u201cWe are delighted with the speed at which we are progressing on this project, thanks to the commitment of Minister Patel and the great collaboration with IDC, CDC and dtic teams,\u201d commented Samir Cherfan-Chief Operating Officer Stellantis Middle East and Africa. \u201cThis project reflects our focus and trust in South Africa as one of the most important markets in Africa & Middle East. It is also the execution of our Dare Forward 2030 Strategy to reach over 22% Market Share in the region by 2030 with 70% regional localization of our sales leading to over 1 million units produced. We believe in South Africa and we intend to develop industrially and commercially bringing value to our customers\u201d.<\/p>\n
The manufacturing plant will be built in the South African Special Economic Zone (SEZ) in Coega situated near Gqeberha in the Eastern Cape province of South Africa. The greenfield manufacturing project is planned to complete by the end of 2025. The first launch planned early 2026 is a 1 T pick-up truck with volumes expected to reach up to 50,000 completely knocked down (CKD’s) units annually including export, in line with the industry masterplan, known as the Automotive Production Development Program (APDP). The plant will be predisposed in terms of space and painting to go up to 90K units \/ year.<\/p>\n
Direct employment to support the first capacity step is expected at 1000 jobs. Stellantis will be massively investing<\/a> in over 500 000 hours in training and skills to develop and support the local teams to the level of global standards. We are targeting a localization rate over 30%.<\/p>\n \u201cThe Coega Development Corporation (CDC) is enthralled for Stellantis to have chosen the proposed site in Coega for their Southern African manufacturing operations. Joining other major manufacturers in the area makes the Coega region the primary automotive hub in the country. The investment in the plant, employment, training and skills transfer will certainly benefit the region tremendously. \u201cThis is a much needed and welcomed economic boost for the Eastern Cape Province with an anticipated economy wide impact on the province\u2019s GDP of R 664 million. Household income is anticipated to increase to R558.4 million within the Nelson Mandela Bay Municipality (NMBM) and R577.4 million for the entire Province. Most importantly, an anticipated 1800 jobs will be created in the Metro and around 2 097 for the EC Province,\u201d said Khwezi Tiya, CEO the CDC.<\/p>\n Stellantis continues to work closely with the IDC in developing a viable joint venture (JV) partnership that will be evaluated by appropriate credit committees. \u201cStellantis\u2019 success with similar manufacturing plants around the world is well-known and our planned JV with Stellantis to build another greenfield plant in South Africa is progressing well. The investment is in line with IDC\u2019s intent to drive investment that supports the development of the regional automobile value chain,\u201d said Mr. TP Nchocho, CEO of the IDC.<\/p>\n CLICK HERE to submit your NMB Business News.<\/a>.<\/p>\n More Info on Stellantis Invests R3 Billion in South Africa, Establishing State-of-the-Art Automotive Plant in Coega here:<\/strong> Stellantis<\/a> Stellantis has confirmed its intention to develop a greenfield manufacturing facility in Coega in South Africa with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (the dtic). Minister Ebrahim Patel, senior officials from the IDC and Mr. Samir Cherfan, Stellantis Middle East and Africa Chief Operating Officer met at the […]<\/p>\n","protected":false},"author":2,"featured_media":5178,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[540],"tags":[546,562],"class_list":["post-5177","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-news","tag-coega","tag-stellantis","entry"],"_links":{"self":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/comments?post=5177"}],"version-history":[{"count":2,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5177\/revisions"}],"predecessor-version":[{"id":5180,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5177\/revisions\/5180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/media\/5178"}],"wp:attachment":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/media?parent=5177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/categories?post=5177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/tags?post=5177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/mype.co.za\/business\/wp-content\/uploads\/2023\/09\/Stellantis_Coega_Announcement.jpg\")
<\/a>
\nTwitter<\/strong>: https:\/\/twitter.com\/stellantis<\/a>
\nFacebook<\/strong>: https:\/\/www.facebook.com\/Stellantis<\/a>
\nAddress:<\/strong> , Coega Industrial Development Zone, Gqeberha
\nAuthor<\/strong>: Deidre du Plessis from Stellantis<\/a>.
\nImages:<\/strong> For high res version\/s of One image\/s<\/em> please contact Stellantis<\/strong>.<\/strong><\/strong><\/p>\n
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