Consol Glass has indefinitely suspended construction of a new R1.5bn glass manufacturing plant in Ekurhuleni, Gauteng as the government’s ban on the sale of alcohol to combat the coronavirus’s spread shatters demand for glass products.
The legal alcoholic beverages industry accounts for about 85% of sales in the glass packaging industry, according to Consol. “It is clearly a tremendous disappointment and a considerable loss to SA industrial capacity. It was a difficult decision to make, but unavoidable given the significant impact of the pandemic and the second ban on alcohol sales in SA,” said Arnold.
It was expected to create 120 direct jobs, and approximately 2,600 additional employment opportunities across the value chain, from waste pickers to truck drivers, machine operators, glass machine operators, fitters, electricians and additional senior managers.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAB stops R5bn investment because of alcohol ban 'which affects a million livelihoods'SAB announced on Monday that it had 'halted' R5bn in investments in the country over the next two years due to the ban on alcohol sales.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Alcohol sales ban forces SAB to cancel R5bn investmentThe investments that had been considered had included upgrades to operating facilities and the installation of new equipment at selected plants
Source: BDliveSA - 🏆 12. / 63 Read more »
SAB stops R5bn investment because of alcohol ban 'which affects a million livelihoods'SAB announced on Monday that it had 'halted' R5bn in investments in the country over the next two years due to the ban on alcohol sales.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
SAB stops R5bn investment because of alcohol ban 'which affects a million livelihoods'SAB announced on Monday that it had 'halted' R5bn in investments in the country over the next two years due to the ban on alcohol sales.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: City_Press - 🏆 7. / 72 Read more »