Shatterprufe commits to R1.4bn investment

ED RICHARDSON SOME COMPONENT suppliers are continuing to grow despite the strong rand. Shatterprufe, the largest manufacturer of laminated and toughened automotive glass in southern Africa, is investing in its Port Elizabeth plants. “The automotive component manufacturing industry has faced a tough year, due to the strong rand,” says Stewart Jennings, CEO of the PG Group and the current acting managing director of Shatterprufe. “Despite this, the PG Group is extremely buoyant about the future. We have committed to investing R1.4 billion over the next three years,” he says. The Shatterprufe plants sell more to export markets than the local uptake. Jennings remains positive about South Africa’s growth potential. “In fact, we are the largest export component manufacturer in South Africa and we must remain competitive with all players in the global arena in order to grow these markets”. The company is also fully supportive of Broad-based Black Economic Empowerment (BBBEE). “It is vital that we promote black entrepreneurs and develop this new market. We believe there are significant opportunities to do so,” stated Jennings.