“The ongoing ban on alcohol sales and restrictions around on-premise consumption results in massive future demand issues and lost confidence in these markets recovering,” Consol chief executive Mike Arnold said.
“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.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alcohol ban shatters Consol Glass R1.5bn new plant investmentThe alcoholic beverages industry accounts for about 85% of sales in the glass packaging industry, which expects to fall by about 15% over the next year
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Alcohol ban sees third company pull back from planned investmentsConsol 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 spread of the coronavirus shatters demand for glass products.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Alcohol ban sees third company pull back from planned investmentsConsol 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 spread of the coronavirus shatters demand for glass products.
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 »