MONTIGNY OPEN DOORS, SHELVES PLANT IN NHLANGANO

MBABANE – Montigny Investments, which now officially owns 85 per cent shares of South Africa’s door and shelves manufacturer, has opened doors at the Nhlangano Plant.

Executive Director Andrew le Roux explained that following completion of the approval process to acquire shares at TDM from the Competition Commission and installation of machinery at the Nhlangano Plant, they had already started the manufacturing process.
He said they started with operations at Nhlangano and will soon complete installations at the Bhunya Plant.

“We have commenced operations at the Nhlangano Plant and will do test runs at the Bhunya Plant soon,” said le Roux.   
Construction Industry Council (CIC) Chief Executive Officer (CEO) Nhlanhla Dlamini is on record explaining that carpenters and artisans who may be interested in taking up the job opportunities should apply without any worries as there would be no legal requirement to be registered with CIC.

Registered

He clarified that in this case, it would be the employer that would be required to have been registered with CIC.
“There will be no need for individuals to be registered with CIC in this instance,” Dlamini earlier assured.
The company had earlier reported that it would provide 200 jobs.

Montigny owns 85 per cent of TDM while the family that started the business has retained the remaining 15 per cent.
The local company paid a combination of debt and equity which made the purchase price to be about E25 million. 
Montigny also said they would be investing a lot in the business that would also secure about 400 jobs in South Africa while creating jobs en mass in Eswatini.

Confident

Le Roux said they were confident that the acquisition would bring a lot of manufacturing capacity in the kingdom.
The new establishment manufactures doors and shelves in Eswatini. In terms of production capacity, le Roux asked to be given more time to undertake internal consultations before he could provide precise statistics. 

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