Voestalpine Group says it has opened its metal forming division site in East London, South Africa.
The supplier is investing more than EUR100m (US$138m) in the facilities in South Africa as well as additional plants in China, the US, Romania, and Germany.
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The Group has also recently set a record research budget of EUR140m.
The new Voestalpine Stamptec South Africa plant marks the opening of another international metal forming division site, located close to the production sites of automotive manufacturers.
During its starting phase, the company claims 30 employees at the site will generate around EUR10m in revenue per year.
The product portfolio includes body-in-white parts such as press-hardened cross members and aluminium components for vehicle doors.
