#DrivingLocalisation: NAACAM congratulates Volkswagen Group Africa on its announcement of a R4 billion investment in its manufacturing plant in Kariega to support the production of a third model at the facility.
Speaking at the announcement, Martina Biene Chairperson and Managing Director of Volkswagen Group Africa, reiterated the company’s commitment to South Africa and noted that not only is the announcement a vote of confidence in the future of the plant but it will also futureproof jobs both within Volkswagen and within the supplier network. The investment will primarily be spent on the production facilities, manufacturing tooling, local content tooling and quality assurance.
Localisation will remain a priority for Volkswagen, with the new model aiming to achieve and grow from approximately 40% local content. The existing Polo and Vivo models are currently achieving local content levels of respectively 46% and 58%.
NAACAM CEO, Renai Moothilal congratulated Volkswagen and welcomed the investment and announcement of a third model, reflecting, “This investment is a firm display of Volkswagen’s commitment to the country and confidence in the local supplier base. NAACAM and its members look forward to continuing to work with the Volkswagen team to drive localisation and the further development of the domestic automotive industry.” #NAACAMProud #WeAreNAACAM
