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IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out

The Industrial Development Corporation (IDC) is hoping to salvage the domestic manufacturing capability established to produce wind-tower sections in the Eastern Cape that was set up in response to government’s demand for higher levels of local content in the renewable-energy sector. However, it has also indicated that liquidation of DCD Wind Towers cannot be ruled out. The factory, which is located in the Coega Industrial Development Zone (IDZ), completed its last tower section in October and operations were suspended in December, when the plant’s orders were depleted.

Source: www.engineeringnews.co.za
IDC hopes to salvage wind-tower plant, but warns liquidation can’t be ruled out

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