FIRST Automotive Works, also known as FAW, has moved three places up the South African truck export rankings from fifth to a top two position behind the Volvo group.
The fortune 500 company with a truck assembly plant worth R600 million at the Coega Special Economic Zone (SEZ) upped its export numbers in 2017 to 212 units.
“Nothing gives us greater pleasure than to see the extent of success that accumulates with investments located at the Coega SEZ,” said Ayanda Vilakazi, Unit head: Marketing, Brand and Communications.
“It validates the findings of an independent study on the Coega SEZ, which found that 90% of operational investors described the SEZ and its logistics park as the ideal location for industries,”
The export success of FAW in 2017 is compounded by a further record year in terms of domestic sales having grown from 929 units in 2016, to 1 032 units in 2017.
“As the CDC we were very proud to hear of the company having rolled its 3000th locally built truck off the production line in 2017,” Vilikazi said.