Last year, the company announced that it had taken steps that would lead to the purchase of land for the construction of a production plant in South Africa. Finally, the company selected a land parcel owned by the City of Cape Town located in the Atlantis industrial zone in the Western Cape province. The City of Cape Town finally approved the sale of the land and the approval took effect this year in June. After agreement on necessary formalities, the land purchase contract was signed by both contractual parties on July 11, 2017.
"The land purchase represents a very important step for our South African project. I am therefore very happy that we managed to sign the purchase contract in line with our schedule," says František Řezáč, CEO and Member of the Board of Pegas Nonwovens SA.