Coega’s chemical cluster gets R1.1-bn investment

ED RICHARDSON TRADE AND industry minister Mandisi Mpahlwa has announced a R1.1-billion investment in the Coega Industrial Development Zone (IDZ) chemical cluster by Straits Chemicals for a chlorine-manufacturing and water desalination plant. Straits Chemicals is a joint South East Asian and South African company. The announcement comes days after the confirmation of a R1,6-billion Ferrostaal investment in a precision strip mill at Coega and five months after a Belgian investor, Sander International, announced a R200-million high-end niche textiles investment.