by Formex Editor | 5 Sep 2022 | News
Formex has been a leading manufacturer of automotive components for many years, but recent achievements highlight the company’s growth and commitment to the sector. The South African automotive industry employs around 110 000 people and contributes to 6.8% of the...
by Formex Editor | 31 Aug 2022 | News
Mercedes-Benz is the latest automotive manufacturer in South Africa to complete a solar energy project. This is in response to the ongoing energy crisis and the brand’s vision of a more sustainable future. The German automaker launched the photovoltaic (PV) project at...
by Formex Editor | 24 Aug 2022 | News
There is no doubt that the future of transportation lies in electric vehicles (EVs). So many global vehicle brands have already launched EV projects and the market segment is rapidly growing as new models enter on a yearly basis. This presents a massive opportunity,...
by Formex Editor | 17 Aug 2022 | News
Formex Industries has recently received an updated broad-based black economic empowerment (B-BBEE) accreditation. We are now a Level 2 B-BBEE contributor, which holds a number of benefits for our customers and suppliers. Formex is a leading manufacturer and supplier...
by Formex Editor | 12 Aug 2022 | News
Transnet National Port Authority recently announced a R9.1-billion investment into three Eastern Cape ports over the next seven years. This project is already showing signs of increased automotive export capacity. The ports include Gqeberha, Ngqura and East London....
by Formex Editor | 10 Aug 2022 | News
Ford South Africa is making strides in sustainability. The automaker’s Silverton assembly plant is now running 35% of its energy on solar power. Silverton, in Pretoria, is Ford’s flagship factory and is currently manufacturing the new Ranger for the domestic and...
by Formex Editor | 11 Jul 2022 | News
Formex recently announced yet another investment of just over R100-million towards the end of March 2023, this on the back of yet another VWSA contract award. This year’s project entails 21 new parts from 11 different tools. This expansion will see Formex become a key...
by Formex Editor | 7 Jul 2022 | News
The National Automobile Dealers’ Association (Nada) has lauded the South African automotive sector for being resilient amid global disruptions. The entire industry has shown an incredible ability to overcome setbacks and delays caused by supply chain disruptions and...
by Formex Editor | 1 Jul 2022 | News
Mercedes-Benz is already well-known for being a luxury car brand, however, the German automaker has redefined its global strategy. The company is now looking to become the leading luxury car brand in the internal combustion engine (ICE) sector and the electric vehicle...
by Formex Editor | 17 Jun 2022 | News
When buying a car, everyone is faced with two options; take the more expensive route and get a brand new car from a dealership or save some money and opt for a used car. While the majority of buyers are likely to go for the second option, there is still another choice...
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