PG Bison receives shareholder approval for new Boksburg manufacturing investments

 PG Bison, a proudly South African company, and the leading manufacturer of wood-based panel products in Africa, has announced it has received approval for the purchase of a new Melamine Faced Board (MFB) press and an additional hot coating line from its shareholder, KAP Industrial Holdings. This will bring PG Bison’s tally to seven MFB presses and two hot coating lines. The new lines will be commissioned in the third quarter of 2022.

“These investments are made possible by the support we have received from our customers for our MelaWood and Premier ranges, resulting in phenomenal growth, for which we are grateful,” says PG Bison CEO, Gerhard Victor. “These investments are over and above our R2 billion capital investment plan, being rolled out over the next two to three years.”

The larger PG Bison capital expenditure plan includes a major capacity expansion to PG Bison’s existing facilities in eMkhondo (Piet Retief), Mpumalanga, as well as an additional new medium density fibreboard (MDF) plant at the same location.

“We are excited about this positive news and the trust our shareholder has demonstrated in the PG Bison team and our industry over the long term. We look forward to continuing to support President Cyril Ramaphosa’s vision of growing domestic manufacturing as part of the economic recovery plan, and to increasing our ability to service market demand for PG Bison products,” says Victor.

He notes that investing in the new MFB press and hot coating line is a response to the fact that the company’s ranges have continued to grow in popularity, across all segments of the market. This is influenced in part by significant changes in the local furniture retailers’ buying behaviours as they are increasingly looking for local solutions and new product category opportunities. Security of supply has come under the spotlight on the back of the pandemic, and many of PG Bison’s customers are shifting away from imported products to buy locally instead.

“This, coupled with the PG Bison team’s focused approach to colour range and finish management, is ensuring our ranges stay on trend with international markets, while remaining locally relevant,” says Victor. “The investment will not only assist the growing demand for our Proudly South African MelaWood and Premier ranges, but the additional capacity will give us the flexibility needed to drive further innovation.”

Both the MFB press and hot coating line will be located at its Boksburg site in Gauteng and will be installed alongside the existing production lines without any disruption to current capacity.



Latest


03 May 2021
The magic of zinc in corrosion control

By Simon Norton, International Zinc Association, Africa Desk Zinc is truly a magic metal that few people and few engineers…

The magic of zinc in corrosion control

By Simon Norton, International Zinc Association, Africa Desk Zinc is truly a magic metal that few people and few engineers appreciate for its multitude of applications and versatility. For us in the corrosion world, where we seek to extend the life of atmospherically-exposed steel, zinc is best-known in terms of…

30 Apr 2021
New training facility aims to bolster skills development in the Western Cape

The construction industry is expected to grow by 5.2% this year according to GlobalData. This is reflected in South Africa…

New training facility aims to bolster skills development in the Western Cape

The construction industry is expected to grow by 5.2% this year according to GlobalData. This is reflected in South Africa with various experts predicting that the construction industry will bounce back this year. As such, the promising future of the industry requires expertise and skills to carry the workload and…

29 Apr 2021
AXOR x The Future Laboratory: Exploring the Future of Urban Living

Together with one of the leading international consulting firms on future trends, The Future Laboratory, AXOR has dedicated itself to…

AXOR x The Future Laboratory: Exploring the Future of Urban Living

Together with one of the leading international consulting firms on future trends, The Future Laboratory, AXOR has dedicated itself to the topic of ‘Compact Luxury’, exploring the megatrend of urbanization. The aim is to bring architects and interior designers into the exchange to gain new ideas, insights and inspiration for a…

28 Apr 2021
Vukile invests R90m-plus in a value-adding upgrade for the landmark Daveyton Mall

Vukile Property Fund (JSE: VKE), the leading retail REIT (real estate investment trust), has commenced the strategic upgrade of Daveyton…

Vukile invests R90m-plus in a value-adding upgrade for the landmark Daveyton Mall

Vukile Property Fund (JSE: VKE), the leading retail REIT (real estate investment trust), has commenced the strategic upgrade of Daveyton Mall in the Ekurhuleni Metro, Gauteng. A pioneering property, Daveyton Mall is one of the first township malls developed in South Africa. It opened in 1993 with more than 60…


Top stories


27 Feb 2020
The Nxuba wind farm Renewable Energy

In its ongoing efforts to showcase the potential that renewables can play in boosting the security of energy supplies in…

The Nxuba wind farm Renewable Energy

In its ongoing efforts to showcase the potential that renewables can play in boosting the security of energy supplies in South Africa, Enel Green Power (EGP) highlights its commitment to the country as it nears the completion of its Nxuba wind farm in the Eastern Cape. The company recently started…

23 Jan 2020
Refurbishment at North West University

As the three established divisions of Norcros SA, TAL, Johnson Tiles and Tile Africa recently played important roles in an…

Refurbishment at North West University

As the three established divisions of Norcros SA, TAL, Johnson Tiles and Tile Africa recently played important roles in an extensive tiling project at North-West University’s Potchefstroom campus in North West Province. The project entailed refurbishing the five-block Sports Village, a guest house facility providing accommodation for the public, athletes…

06 Mar 2020
7 Awe-inspiring marble use cases

Marble, an exceptionally versatile material used for centuries to create awe-inspiring art, majestic staircases, classic kitchens and resplendent flooring. With…

7 Awe-inspiring marble use cases

Marble, an exceptionally versatile material used for centuries to create awe-inspiring art, majestic staircases, classic kitchens and resplendent flooring. With today’s contemporary design trends, the wide selection of marble can be used in more ways than ever before.

05 Mar 2020
First Green Key Boutique Hotel in South Africa

21 Nettleton attains their Green Key Award from WESSA, becoming South Africa’s first boutique hotel to achieve this accolade for…

First Green Key Boutique Hotel in South Africa

21 Nettleton attains their Green Key Award from WESSA, becoming South Africa’s first boutique hotel to achieve this accolade for its efforts in sustainability. An exciting partnership between WESSA and 21 Nettleton has resulted in the private boutique hotel in Clifton, Cape Town being awarded the prestigious Green Key award.…


Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za