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Posts Tagged ‘manufacturing’
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July 11, 2019

ERICSSON TO BUILD ITS FIRST FULLY-AUTOMATED SMART FACTORY

Ericsson says that the creation of this factory is in-line with its plans for a more flexible global supply chain, and builds on the firm’s previously announced strategic initiative is the U.S. market. The company is also fast-tracking the launch of the next-generation smart manufacturing through a modular and flexible production setup in its existing own factories in Estonia, China and Brazil.

The exact location of the U.S. factory will be announced upon concluding discussions with state and local authorities.

The smart factory will be powered by Ericsson 5G solutions tailored for the industrial environment. The firm says that fast and secure 5G connectivity will [...]

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July 1, 2019

SEZ COULD REVIVE MANUFACTURING CAPACITY IN VAAL TRIANGLE

Although growth has been subdued for several years, there is still potential to open up opportunities for both small and established businesses while stimulating economic activity and creating much-needed jobs in the country. SEZs are key in helping us to develop a global competitive economy and achieve our industrial policy objectives.

SEZ’s are particularly attractive for international investors who are looking to set up operations in the country as they can reduce the cost of doing business through incentives from the Department of Trade and Industry (DTI). These include favourable corporate tax rates, customs, infrastructure and employment benefits, and much [...]

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June 10, 2019

Maybe Africa really will become the new China

When people tell me that Africa will be the new China, I’m not as incredulous as I used to be. The continent is showing potential, and progress could come from what many consider to be a highly unlikely area: manufacturing.

All across Africa, investors — many of them private entrepreneurs from China — are building factories. Others from India, Sri Lanka, and Bangladesh are joining in, while car companies from Japan, Germany, and South Korea are declaring their intent to put assembly plants in places such as Ethiopia, Tanzania, and Ghana. Meanwhile, overall African growth is looking impressive. The International Monetary Fund forecasts that 6 of the top 10 fastest-growing [...]

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April 24, 2019

GLOBAL LUXURY INDUSTRY SHIFTS GAZE TO AFRICA

The fifth annual Condé Nast International (CNI) Luxury Conference kicked off in Cape Town yesterday, bringing some of the biggest names in global luxury to African soil – from Gucci, Pucci and Tiffany & Co., to Estée Lauder Companies, Salvatore Ferragamo and Naomi Campbell herself.

Emceed by Jo-Ann Strauss, this year the event sought to explore the promise and value of the African market for the global luxury and fashion industry, and the power of the continent as a creative, manufacturing and retail hub.

“Africa, the eyes of the planet gaze on the continent’s second largest continent, with more and more brands looking to establish their presence here,” said [...]

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