FAW South Africa has moved up three places in the rankings from fifth position to become the second biggest truck exporter behind the Volvo group.
The fortune 500 company, which has a truck assembly plant worth R600 million located at the Coega Special Economic Zone (SEZ), spent the greater part of 2017 ramping up its export numbers to 212 units.
Dr Ayanda Vilakazi, Unit head: Marketing, Brand and Communications at the Coega SEZ says this 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.
“Nothing gives us greater pleasure than to see the extent of success that accumulates with investments located at the Coega SEZ,” Vilakazi says.
The success of FAW in the year 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 of its 3 000th locally built truck off the production line in 2017,” concludes Dr Vilakazi.