BDC pumps P100m into reviving LCW

LCW closed in 2017 as its plant wore out and became less efficient in the production of the bricks that have made it a household name in the country. BDC, the state investment and diversification agency, wholly owns LCW and has thus far invested P79 million in capital expenditure and working capital to refurbish the plant and prepare the business for operations.

Operations are expected to commence between August and September this year, and already clay mining is ongoing, BDC head of corporate affairs and strategy, Boitshwarelo Lebang-Kgetse told BusinessWeek.