Hillside Aluminium partnership to strengthen downstream manufacturing
The financing will enable Bingelela Alloys to invest in two new furnaces and relocate the rim alloy casting line within the casthouse.
SOUTH’s Hillside Aluminium has partnered with the Automotive Industry Transformation Fund (AITF) and the Department of Trade, Industry and Competition to strengthen downstream aluminium manufacturing in South Africa.
Together, the partners are providing around ZAR 200 million ($11.6 million) in concessional financing to support Bingelela Alloys’ continued production of rim alloys in Richards Bay.
Hillside Aluminium supplies Bingelela Alloys with liquid aluminium, which is manufactured into a rim alloy product at its semi-fabrication facility at the former Bayside Casthouse, supporting local jobs and downstream industry growth.
The financing will enable Bingelela Alloys to invest in two new furnaces and relocate the rim alloy casting line within the casthouse, improving production and supporting the sustainability of South Africa’s downstream aluminium sector.
Hillside Aluminium Vice President Operations, Calvin Mkhabela, stated: “Hillside is proud to support Bingelela Alloys. Its rim alloy products are supplied to some of the world’s largest and prestigious automotive manufacturers after further processing.
“We will continue to help South Africa’s downstream aluminium industry to grow and to play a leading role in accelerating its development.”
Bingelela Alloys CEO, Sizwe Khumalo, said: “This partnership is a prime example of how targeted, strategic collaboration between the private sector and government can drive industrialisation.
“It demonstrates a shared vision for achieving high industrial growth and fostering economic prosperity.”
South32 continues to assess a pipeline of opportunities to support the growth of the downstream aluminium industry in Richards Bay, helping develop local capability and creating lasting benefits for the region.
