South African Foods Manufacturer Invests R75 Million to Boost KZN Economy
South African foods manufacturer Futurelife has invested R75 million in a new manufacturing facility in Dube TradePort, KwaZulu-Natal (KZN).
The investment is expected to create 24 direct jobs in the next five years and grow 30% of the business into export markets.
New Factory to Streamline Production Processes
The new factory is equipped with advanced machinery and equipment that will enable it to operate at international standards.
This is expected to streamline Futurelife’s production processes and enhance the organization’s efficiency.
MEC Duma Emphasizes the Important Role of the Factory in Sustainable Economic Development
MEC Duma emphasized the important role that the factory will play in sustainable economic development in the province.
He said locating the business within the Dube Trade Port SEZ will ensure efficiencies in the operations while reducing the logistics costs.
Futurelife Sources 87% of its Raw Materials Locally
The fact that Futurelife already sources 87% of its raw materials locally gives local producers an advantage of future upstream integration as the company continues to pursue growth into regional and international markets.
Futurelife Committed to Transforming and Improving South Africans’ Health and Well-being
Futurelife’s Commercial Vice President Mark Bunn said the exceptional facility is a testament to the company’s commitment to transforming and improving South Africans’ health and well-being. He said the new factory embodies Futurelife’s dedication to contributing positively to the local community and ultimately the broader economy.
Dube TradePort SEZ Chief Executive Officer Welcomes the Investment
Dube TradePort SEZ Chief Executive Officer Hamish Erskine said the investment is significant for FutureLife, and serves as a notable endorsement for the SEZ, as an investment destination in South Africa. He said the SEZ operator welcomes the investment and looks forward to working with and supporting FutureLife in their development journey.
Conclusion
Futurelife’s new manufacturing facility in Dube TradePort is a significant investment that is expected to boost the KZN economy and create jobs.
The facility is also equipped with advanced technology that will streamline the company’s production processes and enhance its efficiency. Futurelife’s commitment to sourcing raw materials locally and contributing to the local community is commendable.
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