MIA - 200 SETS A DAY BY END 2008
UITENHAGE (SA) – Mia Automotive (Pty) Ltd, the automotive upholstery sewing plant opened as an equal joint venture between Mario Levi S.p.A. and Allied Trim Components (Pty) Ltd in September, is in a pre-production phase, a spokesman said, and expects to begin bulk deliveries early in 2008.
“Phase one of the facilities is complete and is capable of producing 60 vehicle sets per day,” he said. “Mia is in the process of selecting and training operators, with management and key personnel already in place. The plan is to ramp up production output over the next four months to achieve phase one targets.”
He said the plan is to increase volume to 200 sets per day by the fourth quarter of 2008.
Mia’s major customer is Fiat, and phase one volume, as well as phase two (120 sets per day), will all be production for export.
“Over and above this, Mia is actively seeking other economic opportunities,” he said. “We believe with the proven track record of Mario Levi and ATC, Mia is well positioned to prove itself to be highly competitive in both the national and global markets.”
While both partners expect Mia to become a significant portion of their businesses, they continue to run their separate operations.
PRETORIA (SA) - In August, after three years of negotiation, automotive upholstery sewing company Allied Trim Components (Pty) Ltd sold a 50% share in its business to a black-owned company, Isibizo Investments (Pty) Ltd. This is considered to be the first BEE deal of its kind in the automotive industry. The BEE deal was quickly followed by a joint venture with Mario Levi SpA to form a separate automotive upholstery sewing company, Mia Automotive (Pty) Ltd, in Uitenhage, near Port Elizabeth.
|Hits:3175||© 2007 S&V Publications||Login||Designed by|