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Total invests R140 million in SA upgrades
JOHANNESBURG: In a significant demonstration of its long-term confidence in and commitment to South Africa, fuel and lubricants specialist Total South Africa has announced that it will be investing more than R140 million over the next two years in upgrading its blending plant and expanding the storage capacity of its fuel depot, both located at Durban's Island View Terminal facility.
This decision comes shortly after the company signed a new 15-year lease with the Transnet National Port Authority. It has had a presence at IVT since 1956, just two years after it started its operations in South Africa.
The supply of products from Total South Africa's blending plant and fuel storage depot will not be interrupted while the upgrade and expansion takes place during 2013 and 2014. Neither of the facilities will be shut down and lubricant stock will be built up at a separate distribution facility outside Durban to ensure that there are no product shortages.
Read the full article on www.miningreview.com.
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