At a press conference yesterday, Pegas confirmed its continued interest in the purchase of a land parcel for the construction of a new production plant in the Republic of South Africa. The press conference was held in Cape Town, with the premier of the Western Cape, Helen Zille and the city's Mayor, Patricia de Lille, present.
"Pegas is very interested in realizing its investment in the Republic of South Africa. Therefore, we greatly appreciate the support that we are receiving from the local authorities and which we sincerely hope will lead to an acceleration of the land purchase process. The final decision regarding the construction of the plant and the ordering of a new production line continues to be subject to the finalization of negotiations with customers. In the first phase of the project, the planned investment would amount to approximately €30-35 million. The production line should have an annual production capacity of 10,000 tons and it is expected to be put into operation at the end of 2018," says František Řezáč, CEO of Pegas Nonwovens s.r.o. and member of the Pegas Nonwovens SA Board of Directors.