Agro-processing company Dynamic Commodities is set to invest R22 million in the expansion of its facilities in Zone 3 of the Coega Industrial Development Zone (IDZ), the Coega Development Corporation (CDC) has announced.
There are now four investors that have expanded in the Coega IDZ over the past two financial years.
“These numbers are impressive bearing in mind the macro-economic challenges facing the domestic and global markets,” said Ayanda Vilakazi, CDC unit head of marketing and communications.
Dynamic Commodities, which exports the majority of its output, will be expanding its plant to include a warehouse and refrigerated storage facilities in order to meet its current demand and to increase production in order to expand its market penetration.
“Currently our clientele base is in Europe – the likes of Germany, France, Russia, United Kingdom, Norway and Sweden. This investment will allow us to expand our client base, in the process providing more opportunities for the business and our brand,” said Mark Larter, Dynamic Commodities, general manager sales and marketing.
The company’s product line includes Island Way Sorbet – ice cream in real fruit shells; Breakfast Apples – flavoured apples with granola and oats; Pepaby’s – sweet baby piquante peppers; Frozen fruit pieces – loose and diced pieces of frozen fruit; Bits ‘o juice – frozen natural citrus pods; and SoShi – sorbet dessert in a sushi roll.
“Dynamic Commodities buys all its fruit such as lemons, oranges, grapefruit, apples, peppers, peaches, melons and pineapples locally. It also gives farmers the opportunity to grow produce on contract specifically for the factory, and in this way creates jobs and sustainability for local farmers who would otherwise not have had a market for their products,” said the CDC business development senior manager, Johan Fourie.
