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Hillside Aluminium to provide R200m funding to support manufacturing in Richards Bay
Diversified miner South32’s Hillside Aluminium subsidiary has partnered with the Automotive Industry Transformation Fund (AITF) and the Department of Trade, Industry and Competition (dtic) to provide about R200-million in concessional financing to support Bingelela Alloys’ continued production of rim alloys in Richards Bay, KwaZulu-Natal. Hillside Aluminium supplies Bingelela Alloys with liquid aluminium which is manufactured into a rim alloy product at its semi-fabrication facility at the former Bayside Casthouse, supporting local jobs. The product produced by Bingelela Alloys is supplied to Maxion Wheels and ... (full story)