Benteler Automotive, the German-based multinational automotive component manufacturer, will invest R178 million in the Nelson Mandela Bay Logistics Park to supply parts to Volkswagen South Africa (VWSA).

The investment will create 250 jobs and increases the investment by the nine companies in the park and 25 investors in the Coega industrial development zone to R40-billion.

Other park investors are plastic fuel tank manufacturer Inergy and logistics companies Mediterranean Shipping Company and Schnellecke.

Reported by Business Report