Another Coega investor expansion worth R22 million
The Coega Development Corporation (CDC) has announced a R22 million expansion by agro-processing company Dynamic Commodities in Zone 3 of the Coega Industrial Development Zone (IDZ).
The project brings the total number of investors which have expanded in the Coega IDZ over the past two financial years to over four.
“These numbers are impressive bearing in mind the macro-economic challenges facing the domestic and global markets. Investors are confident in the IDZ’s ability and have seen consistent growth as a result of their location,” said Dr. Ayanda Vilakazi, CDC unit head marketing and communications.
Dynamic Commodities, which exports the majority of its output, will be expanding its plant to include a warehouse and refrigerated storage facilities in order to meet its current demand and to increase production in order to expand its market penetration.
“Currently our clientele base is in Europe, with countries such as Germany, France, Russia, United Kingdom, Norway and Sweden to mention a few. This investment will allow us to expand our client base in the process providing more opportunities for the business and our brand,” said Mark Larter, Dynamic Commodities, General Manager Sales and Marketing.
The economic spinoffs as a result of the expansion will create over 500 work opportunities, with 300 of the jobs being operational and 200 in construction, according to Vilakazi.
Dynamic Commodities has mastered the art of using technology in food processing to provide top quality products.
Its product line includes Island Way Sorbet – ice cream in real fruit shells; Breakfast Apples – flavoured apples with granola and oats; Pepaby’s – sweet baby piquante peppers; Frozen fruit pieces – loose and diced pieces of frozen fruit; Bits ‘o juice – frozen natural citrus pods; and SoShi – sorbet dessert in Sushi rolled fashion.
“Dynamic Commodities buys all its fruit such as lemons, oranges, grapefruit, apples, peppers, peaches, melons and pineapples locally. It also gives farmers the opportunity to grow produce on contract specifically for the factory, and in this way creates jobs and sustainability for local farmers who would otherwise not have had a market for their products,” said the CDC Business Development Senior Manager, Johan Fourie.