BMW Invests 2.2 Billion Rand for Operations in South Africa

Posted by Staff Writer on Tuesday, October 13, 2009 at 5:18pm.

<a href=”http://www.linkcub.com/”>LinkCub.com</a> German luxury carmaker BMW is investing around ZAR2.2 billion to increase production at its manufacturing facility in Rosslyn, South Africa.

The company reportedly plans to increase annual production at its Rosslyn plant by 45% from 60,000 units to 87,000 units. The Rosslyn plant currently produces the BMW 3 series models.

The finalization of the investment follows the signing of a letter of commitment with the South African Department of Trade and Industry.

The carmaker intends to spend two-thirds of the investment towards introducing a new vehicle model and production technology, with the remaining investment going towards the company’s group’s local supplier network.