Media release: IMMEDIATE

Coega investment – operational and pipeline – history

2014 Coega’s pipeline is valued at R140-billion*.

2013• Powerway – a solar photovoltaic company – is signed for Zone 3 of the Coega IDZ. The first of

four investments that will deepen this value chain. • DCD Wind Towers begins construction on their Zone 3 Wind Tower manufacturing plant in

March.• Air Products South African begins construction on their sir separation unit in May, the first in the

Eastern Cape. • Afrox, a leading South African gas company, is signed as a new investor in November. The

investor started construction in February 2014 in Zone 3 of the IDZ• Coega Cheese starts producing thousands of tons of cheese month for Famous Brands. • Construction of FAW’s truck assembly plant is completed. • Famous Brands starts operating from Zone 1 of the Coega IDZ. • Agni Steels fires up its furnaces to start producing steel billets. • The combined Port Elizabeth harbour and deep-water Port of Ngqura container volumes

handled surpasses the psychologically significant 1 million TEU mark.

• The Deepwater Port of Ngqura hailed as the fastest growing container terminal in the world (10/10/2013)

2012

• Coega signs industrial gas company Air Products in December for R300-million investment. • AfriSam signs lease for establishment of a top cement plant to the value of R634-million. • Famous Brands signs lease agreement for the establishment of a R25-million cold storage

distribution unit and partners with neighbouring investor, Coega Dairy, to produce cheese for its fast food outlets across the Eastern Cape.

• A total of eight investors are signed including Golden Era (manufacturing), Grinrod (logistics), Royale energy International (chemicals) and Vector Logistics (logistics).

• Chinese company Sinopec partners with PetroSA on a blue print and feasibility study for the proposed oil refinery at Coega, dubbed Project Mthombo.

• Discovery’s BPO call centre breaks the mark of 450 people employed confirming the coming of age of the Coega IDZ as an emerging best-cost hub for BPO&O operations.

  

2011• President Jacob Zuma officially opens the Port of Ngqura. • The Port of Ngqura surpasses the Port Elizabeth Port as the third busiest container port in South

Africa.• Chinese automotive giant, First Automotive Works or FAW signs a lease agreement to establish

a truck assembly plant in zone 2 of the Coega IDZ with an investment value of R600-million. • DCD signs agreement with Coega to establish a wind tower manufacturing plant in zone 3 of the

Coega IDZ to the value of R300-million. • The CDC signs Coega Dairy, GDF Suez and the National Tooling Initiative Program as investors in

the Coega IDZ.• The CDC signs 4PL. Com Logistics and Kuhne and Nagel as investors at the NMBLP.• Term sheets are signed with EAB (renewable energy), Tyre Energy Extraction (logistics), OSHO

Cement (metals), and Newco Cheese Factory (agro-processing). • India-SA consortium Agni Steels starts construction of their R400-million steel billet

manufacturing plant.

2010• The CDC signs Universal Wind to the Coega IDZ at a value of R850-million.• The CDC signs Hella Automotive to the NMBLP.• Coega clinches Bizworks as a Business Process Outsource (BPO) investor in a R10-million

investment. • The CDC signs Ulrica and Associates as an NMBLP investor.• Coega Dairy (agro-processing) signs a lease agreement to establish a fully-fledged dairy in zone 3

of the Coega IDZ to the value of R125-million.• Discovery Health signs a lease to establish a R15-million call centre in the Coega IDZ BPO Park. • Kuehne & Nagel (logistics) signs with Coega for a R5-million investment.

2009• The CDC signs Electrawinds and Innowind (renewable energy) as investors in the Coega IDZ.• The CDC signs Benteler AG (automotive) to the NMBLP.• Coega signs UDDI (development) to the NMBLP.• The CDC signs Burmuda Djoz to the Coega IDZ.• Coega signs Digistics (logistics) and Straits Chemicals (chemicals) as investors in the Coega IDZ.• The CDC signs Grupo Antolin (automotive) and Flextech (automotive) as investors in the NMBLP.• The CDC signs GMSA (automotive) and Cape Concentrates (agro-processing) as investors in the

Coega IDZ.• CDC portfolio of projects increases to R40 billion within four years of an intensive marketing

drive. 2008

• The first ship docks at the Port of Ngqura.• The CDC signs Agni Steels, Rainbow Nation Renewable Fuels, ABSA and UTI as Coega IDZ

investors.• The CDC signs Marcol Coatings, Faurecia and Rehau as investors in the NMBLP.• The CDC signs a long-term lease agreement with the Nelson Mandela Bay Municipality (NMBM)

to take over the management of the Nelson Mandela Bay Logistic Park (NMBLP).  

2007• The CDC signs South African Transport Industries, Accoustex, Coega Concrete Product, Cerebos

and PE Cold Storage as investors in the Coega IDZ.• The CDC signs Eastern Cape Biomass Fuel Pellets (Pty) Ltd as another investor in the Coega IDZ.• Dynamic Commodities becomes the first investor to operate in the Coega IDZ.

2002

• A total of 15 construction sites become operational.• Port of Ngqura tender awarded (US$250-million) and construction starts.• IDZ construction process starts.

 2001

• Coega becomes the first declared South African IDZ in December of 2001.• Coega Development Corporation announces that the infrastructure design has been completed.

1999

• The Coega Development Corporation Pty (Ltd) is established.

1997• A feasibility study established that the Coega Project was viable and well-suited to the

establishment of the deep-water port.

*Private sector investments – capital expenditure and not any revenues accruing to the CDCENDS.