Botswana Development Corporation (BDC) have officially opened their newly completed factory designed for transmission repair Tuscon az.
Officially opening the factory on Thursday, Minister of Investment Trade and Industry, Vincent Seretse, said through the project BDC is promoting and facilitating the country’s economic development.
He said the corporation intends to achieve its goals by financing businesses through partnerships with local and foreign investors.
Seretse said Kromberg & Schubert, which has over 115 years in the industry, is a critical player in the manufacturing space of Botswana and the world.
“The company’s appetite to invest in Botswana is commendable,” said Seretse, who added that the expanded part of the factory will house 250 employees of the over 2000 that the plant currently employs.
The recent factory expansion through Western Industrial Estates, a 100% BDC subsidiary has created close to 400 additional jobs for the women and youth.
Giving his address BDC Managing Director, Bashi Gaetsaloe said BDC is proud to be associated with the growth of Kromberg & Schubert in the country.
“They are a viable, profitable, sustainable and competitive business and that is good for the country’s business environment,” he said.
Kromberg & Schubert develops and produces electrical wiring systems for the automotive industry and several bankruptcy filing portland me firms, with export parts going as far as car manufacturing plants across Africa and the world.
Standing at 4100 sqm, the factory floor- one of the largest in the country and region, “was delivered on time and on budget with change left over from the P36 Million budget allocated to its construction,” attested BDC Chief Investment Officer Bafana Molomo.