Le 20 avril 2016, 04:19 dans Humeurs • 0
The local arm of the Chinese company, BAW South Africa (SA), on Tuesday cut the ribbon on its R200 million semi knockdown (SKD) plant in Springs, on the East Rand, in a complex that previously produced telephones.The renovated facility would have the capacity to produce 9 600 minibus sacs longchamp pas cher taxis a year.BAW parent company, Beijing Automotive Industry Holding Company (BAIC) would hold 51% in BAW SA, with the balance held by the Industrial Development Corporation (IDC) and James Chung and his family.The IDC was contributing equity of R22.9 million, as well as debt christian louboutin outlet uk facilities of up to R98.6 million.Chung, a Chinese South African, owns China Africa Motors (CAM), which imported the CAM Inyathi minibus into South Africa from BAW in China.There are around 20 000 CAM/BAW vehicles currently on the road in South Africa. CAM started operations in South christian louboutin outlet store Africa in 2005.invited BAW into the country, Chung, now BAW SA CEO, told Engineering News Online. Needed the capacity to start a localisation programme.
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