The Port Elizabeth (PE) Cold Storage plant in the Coega Special Economic Zone (SEZ) is once again expanding its facility at Coega.
The investment worth R10 million is the second expansion within a space of two years, following the R100 million investment by the company in 2017, one of the very first exports orientated investors to locate their facility at the SEZ.
“We doubled our capacity of 7 500 pallets to around 15 000 pallets storage. The expansion complemented our state of the art modern storage facility and accommodated greater volumes for the increasing citrus production in the Eastern Cape,” says George Efstratiou, PE Cold Storages’ co-director.
The current project, completed in April, will see the company play a critical role in the refrigeration and short-term storage of citrus products before distribution to markets around the world. The new building will comprise of a new workshop, facilitating the servicing of forklifts and vehicles of the company.
“We are very excited about the project and the vast opportunities it brings for the company. Currently we have over a 100 people employed at the PE Cold Storage facilities. As a result of the expansion we have managed to create an additional five permanent jobs and a further 25 construction jobs,” adds George.
Highlighting the importance of locating in an enabling environment, George says, “The Coega SEZ has been the ideal investment destination for our company. I would definitely encourage more investors to come and invest at Coega due to the clean and secure environment as well as the good services and facilities provided and the fact that we are situated near the Port of Ngqura.”
These sentiments support the recent independent study conducted on the impact of the Coega in the Nelson Mandela Bay Municipality and Eastern Cape. For example, over 80% of the companies that have invested in the Coega SEZ have seen an increase in their profits since starting operations in the zone, these include Coega Dairy and PE Cold Storage, among others with the benefits felt throughout the Nelson Mandela Bay Metro and the rest of the province, according to independent research conducted by Muffin Consulting.
In addition, 85% of investors have increased their workforce, 62% have expanded their factories, more than 90% describe the Coega SEZ and its Logistics Park in Uitenhage as the ideal location for small and big industries. Private sector investment accounts for approximately 70% of the total investment value at Coega, over 78% of suppliers to investors are local.
PE Cold Storage
Tel: (041) 582-1183