Kaap Agri invests US$8.62m in plastics subsidiary to bolster its manufacturing capabilities

SOUTH AFRICA – Kaap Agri, a group trading in agricultural, fuel and related retail markets, has made its first major investment of more than R150million (US$8.62m) to further bolster its manufacturing capabilities. The investment entails the establishment of Tego Plastics, a new subsidiary of the Kaap Agri Group, based in Brackenfell, Cape Town, which will be making large format, injection-moulded plastic products. According to Independent Online, one of the largest injection-moulding machines available in the global market was commissioned in the facility. Set to provide 33 new job opportunities at…

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