LG Electronics opens KZN factory, distribution centre
DURBAN – LG Electronics South Africa has opened a R21million factory and distribution centre in KwaZulu-Natal, providing a much-needed boost for the country’s declining manufacturing sector that has been pummelled by power outages.
Power utility’s Eskom blackouts are estimated to have cost the economy as much as R118billion last year.
KwaZulu-Natal Premier Sihle Zikalala said on Friday that the factory’s opening meant a lot for the economy of the province.
“Once you have a manufacturing industry, it also spins off to other sectors in the value chain. We thank LG Electronics as it will grow opportunities for jobs. This will also grow opportunities for those in the value chain,” said Zikalala.
He said that, KwaZulu-Natal, which is South Africa’s second largest manufacturing contributor, was facing a number of challenges that have forced manufacturing companies to shrink.
Source: iol.co.za