METAIR SECURES KEY CONTRACTS TO SUPPORT FORD’S INVESTMENT INTO THE SOUTH AFRICAN AUTOMOTIVE SECTOR

5 June 2020 – Metair, a leading international manufacturer, distributor and retailer of energy storage solutions and automotive components, is pleased to announce that it has secured multiple contracts to support Ford Motor Company of Southern Africa (“Ford”) ahead of new vehicle launches aimed at the local and exports markets. This forms part of Ford’s comprehensive investment and production expansion programme to meet the demands of a growing export-driven business in South Africa.

Investments to create over 3300 new jobs and support the sector’s long-term growth ambitions
• R900 million capital investments; including major investments in greenfield facilities

• Over 3300 new employment opportunities generated

• Ford new model launches to service the export and local markets

• Metair to secure between R25 billion and R28 billion of turnover from mid-2022 onwards

Theo Loock, Metair’s Chief Executive Officer, commented: “We are delighted to expand our relationship with Ford and look forward to working with them through their new model launches and beyond as they drive their expansion programme in the long-term. The investment approved by Metair’s board to support Ford is the Group’s largest to date for a single customer and we anticipate that over 3300 jobs will be created, with the largest portion in northern KwaZulu Natal.” Full article