Latest News

Toyota SA invests R4.2b in automotive industry

Toyota South Africa recently confirmed that it has invested a total of R4.2-billion in the local automotive sector since 2019. The announcement was made by Toyota South Africa CEO Andrew Kirby at the third State of the Motor Industry (SOMI) in Kyalami. This latest...

read more

2022 SA Car of the Year finalists

The South African Guild of Mobility Journalists (SAGMJ) recently confirmed their pics for the top 25 South African Car of the Year finalists for 2022. SAGMJ has run this competition every year since 1986 and we’re happy to see many of the vehicles produced by our...

read more

Mercedes-Benz will launch five EVs in SA during 2022

Mercedes-Benz recently announced that it will launch five new electric vehicles (EVs) to the South African market in 2022. This, along with the launch of the Mercedes-EQ brand, spells a busy year for the German automaker and Formex Industries customer.  The automotive...

read more

Ford invests R600m in Gqeberha engine plant

Ford recently confirmed a R600-million investment in its Struandale engine plant in Gqeberha. This injection will support the launch of the all-new three-litre V6 turbodiesel engines, as well as upgrades to the assembly line for the two-litre turbo and two-litre...

read more

Suzuki have record year during 2021

Suzuki recorded a 67% increase in vehicle sales during 2021 after it sold 27 583 new cars. This marks the highest sales record for the Japanese manufacturer and Formex Industries customer. Suzuki is an indirect client of ours; the automotive components that we...

read more

Formex supports the AITF investment fund

Formex is a leading manufacturer and supplier of automotive components, such as pressed or tubular parts and welded assemblies. We are based in the Nelson Mandela Bay Metropolitan area, which is a key zone in the country’s automotive industry thanks to its location...

read more

Government contributes R2.5b to TASEZ development

The development of the Tshwane Automotive Special Economic Zone (TASEZ) has been supported by a R2.5-billion investment by the South African government. TASEZ, branded as South Africa’s first automotive city, is considered a forerunner in South Africa’s growing...

read more

Toyota to launch 30 new EVs by 2030

Working towards a more sustainable future, the Toyota Motor Corporation has published its electric vehicle (EV) strategy for the coming years. The goal is to launch 30 new EVs by 2030, including pickup trucks, SUVs and sports cars.  A whole new generation of cleaner...

read more

Formex Vision with Action plan

“If everyone is moving forward together, then success takes care of itself.” ~ Henry Ford. Formex has been a leading manufacturer in the automotive components industry for decades. Our staff are highly trained and skilled in their respective fields, which contributes...

read more
Share This