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German manufacturing company MAN Ferrostaal has launched South Africa's first fabrication yard for oil and gas platforms at Saldanha Bay, positioning the country to take advantage of booming energy operations along Africa's west coast.
German-based industrial giant MAN Ferrostaal has unveiled plans to establish two offshore oil and gas fabrication and refurbishment facilities, together worth R1.7-billion, at the ports of Saldanha Bay and Cape Town.
German industrial group MAN Ferrostaal is to make two major investments in South Africa, together worth about R1.8-billion. The one project involves a stainless steel precision strip mill at Coega in the Eastern Cape, the other an oil rig manufacturing plant at Saldanha Bay in the Western Cape.