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May 25 2012 13:58
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Johannesburg - The Coega Development Corporation (CDC) says it is visiting China for eight days from June 16 to engage with companies located in Shanghai, Qingdao, Nanjing and Xiamen.
"A growing number of Chinese companies with global ambitions are finding it increasingly appealing to invest in SA," said the CDC.
Industry sectors that will be visited include vehicle and motor manufacturers, iron and steel companies, machine and equipment manufactures and a pharmaceutical company.
"Chinese companies find SA an appealing investment location since the government has a strong willingness to co-operate with East-Asian countries, a sentiment fuelled in part by the historic Standard Bank-Industrial bank of China deal," said Christopher Mashigo, Business Development Manager at the CDC whose focus is investment promotion in China and East Asia.
Since October 2006, a number of Chinese enterprises have approached the CDC seeking rights to establish industrial parks within the zone.
"These industrial parks would engage in activities such as light commercial vehicle assembly, component manufacturing, manufacturing of construction materials, assembly of home electrical appliances, manufacturing of pharmaceutical products and food processing for local and export markets," concluded the CDC in a press release.
The CDC is the operator of SA's largest Industrial Development Zone (IDZ) linked to a deep water port, the Port of Ngqura.
-I-Net Bridge