Siemens in local manufacturing pact with black industrialist
Date: 13 October 2017 | Author: Business Leadership South Africa Category: News
German electronics manufacturing company Siemens has entered into a local manufacturing agreement with Cape Town-based black industrialist company Electro Inductive Industries (Eii).
Through this partnership, Eii will benefit from internationally recognised skills and knowledge transfer, while Siemens will benefit from having its own branded transformers that are mainly locally manufactured.
“The local transformer manufacturing industry will benefit significantly from this investment in bringing manufacturing technology and skill sets to South Africa, while the entire supply chain will also benefit from Siemens’ experience in global procurement and local sub-supplier development,” Siemens South Africa head of transformers Ronnie Naidoo said.
The investment will create jobs and bring new technology capability to South African industry.
“The new transformer partnership is a major milestone in the localisation of Siemens’ medium power transformers assembly, which forms part of government’s ongoing multibillion-rand Black Industrialist Programme that focuses on the localisation of electrical products such as transformers,” he said.
The manufacturing facility is currently being developed and upgraded in Cape Town to cater for a new line of Siemens transformers as part of its growth and job creation strategy.
Published in Creamer Media’s Engineering News (13 October 2017)