Dunlop, under the backing of its parent company SRI, will invest R1.7 billion in expanding its Ladysmith manufacturing plant in KZN.
- The investment will enhance Dunlop’s ability to produce passenger car tyres, contributing to increased production output and factory efficiency.
- The expansion will help meet the rising demand for tyres in South Africa and strengthen Dunlop’s position in the local original equipment market.
- The investment includes the introduction of new equipment aimed at reducing overall waste by 60% and minimizing power consumption.
- The expansion project is expected to create employment opportunities and contribute to the local economy. Dunlop has already hired 1,257 people over the past decade.
- The investment aligns with the goals of President Cyril Ramaphosa’s R2 trillion target for new investments in South Africa over the next five years.
- The investment demonstrates international investors’ confidence in the country and reflects progress made under the SA Automotive Master Plan.
The investment by Dunlop in expanding tyre production capacity signifies a significant step toward enhancing the automotive industry and creating a positive economic impact in KZN.