President Jacob Zuma will on Tuesday, 24 May 2016, officially open a new Toyota Hilux and Fortuner manufacturing plant in Prospecton, Durban.
The opening of the plant, which will manufacture new Toyota Hilux and Fortuner models, is part of Toyota’s injection of R6.1 billion investment into South Africa’s manufacturing industry and the country’s local vehicle production.
During the State of the Nation Address in February this year, President Zuma announced that the support provided by Government through the Department of Trade and Industry had attracted investments of over R25 billion in the automotive industry in the past five years and that the investment was beginning to bear fruits.
The investment by the Japanese manufacturer Toyota is a demonstration of the continued confidence that global automotive producers have in South Africa as an investment destination and the supportive policy environment that the country offers.
President Zuma will launch the manufacturing plant as part of the implementation of the Nine-Point Plan that he announced last year to grow the economy and create jobs.
One of the pillars of this plan is a higher-impact Industrial Policy Action Plan (IPAP) that focuses on increasing manufacturing-based value addition, employment creation and export-intensity.
The investment in the production of the new Hilux and Fortuner vehicle models will support more than 4 000 jobs whilst total employment in the plant already exceeds 8 000 jobs.
Members of the media are invited to the launch as follows:
Date: Tuesday, 24 May 2016
Date: Tuesday, 24 May 2016
Time: 10h00
Venue: Toyota Prospecton, Isipingo, Durban
Media covering the launch are requested to please send their details to Hlomani Baloyi on 083 276 1295 or hlomanibaloyi@gmail.com or Clynton Yon on 082 659 0830
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