ACTOM, a major supplier of electrical equipment, services and balance of plant to the renewable energy sector, is rolling out a R100 million investment in plant expansion in Pretoria.
The investment was announced as one of the pledges worth billions of rands that were made at the fifth South African Investment Conference held in Johannesburg in April this year.
This contributed to bringing the total value of investment pledges over a five-year investment mobilisation period to R1.51 trillion, thereby exceeding the initial target of R1.2 trillion set by President Cyril Ramaphosa.
According to the Group Chief Executive Officer, Mervyn Naidoo, ACTOM is a well-positioned South African company that provides energy solutions through its businesses and partners.
He said they offer market-leading technology and advanced products to address the issues facing the electro-mechanical industry, from large-scale infrastructure installations to smaller projects and support services.
“We are a leading stockist and supplier of competitively priced quality electrical equipment through our extensive Southern and Sub-Saharan African distribution network comprising13 branches across the country,” Naidoo said.
“We have earnestly started expanding our plant and this will contribute to growing the economy of Gauteng in particular, and the country in general, by building local capacity in manufacturing in the electro-mechanical equipment,” he said.
He said the company made the R100 million investment with an intention of taking advantage of some of the growing sectors like the renewable energy, and for contributing to creating jobs.
The expansion of the Pretoria plant will result in 30 people being employed.
The company is employing more than 7 000 people in their 34 operating units, 53 production, service and repair facilities and more than 33 distribution outlets throughout Southern Africa.
Source: South African Government News Agency