MSC's R350m investment poised to boost KZN economy

Friday, March 8, 2024

The Mediterranean Shipping Company SA’s (MSC) R350 million investment in KwaZulu-Natal will go a long way in boosting the provincial economy and creating jobs for the local community.

KwaZulu-Natal Premier, Nomusa Dube-Ncube, said this at the unveiling of MSC's new cold storage facility at Cator Manor in Chesterville, Durban. 

Officially opened on Thursday night, the facility has the capacity to accommodate 10 000 pallets and is poised to meet the growing demands of the cold logistics market and ensure the preservation of temperature-sensitive goods, guaranteeing their quality during transit.

Delivering the keynote address, Dube-Ncube expressed her appreciation to MSC for choosing KZN as their investment destination of choice, noting the state-of-the-art facility represents an investment in the development and construction of a cutting-edge cold storage facility.

“The investment by MSC is not only a vote of confidence in our economy but it shows that if we work together as government and the private sector, there is so much we can achieve.

“The fact that MSC has invested R350 million in the construction and development of this cold storage facility, is a clear demonstration that you share our positive outlook for the future growth of KwaZulu-Natal,” Dube-Ncube said.

MSC South Africa Chairperson, Captain Salvatore Sarno, said the establishment of the cold storage facility underscores MSC's commitment to enhancing supply chain reliability for perishable goods, and playing a pivotal role in facilitating the international trade of temperature-sensitive products worldwide.

Sarno said South African exporters are set to benefit from a comprehensive logistics solution enabling their perishable products to reach global markets seamlessly via sea transport.

"We are proud to unveil this state-of-the-art cold storage facility, which not only reinforces our dedication to supporting the South African economy but also underscores our commitment to job creation and economic growth.

"This investment exemplifies our ongoing efforts to provide value-added services to our customers while contributing to the development of the local economy," Sarno said. –