Pasdec pares back losses after tough debut

PASDEC's Lobatse operations have been plagued by industrial unrest
PASDEC's Lobatse operations have been plagued by industrial unrest

Pasdec Automotive Technologies, the Malaysian parent of an automotive components manufacturer based in Lobatse, cut its losses by nearly 83% to R8.2 million (P6.3 million) last year, after finalising the relocation of its plant from Brits, South Africa to Botswana.

Pasdec Automotive Technologies Botswana manufactures automotive wiring harnesses for globally leading vehicle brands such as Nissan and Volkswagen. Since commissioning in 2015, however, the company has run at a loss due mainly to high relocation costs, while four strikes, some featuring intimidation and threats, have soured the border town’s joy at wooing an investment away from South Africa.

According to the Malaysian group’s latest financials, the relocation from Brits to Lobatse cost P10.8 million in 2016, declining to P2.3 million last year.

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