South32 Hillside Aluminium has partnered with the Automotive Industry Transformation Fund AITF and the Department of Trade, Industry and Competition dtic to provide around R200 million in concessional financing to support Bingelela Alloys continued production of rim alloys in Richards Bay.
Hillside Aluminium supplies Bingelela Alloys with liquid aluminium, which is manufactured into a rim alloy product at its semi-fabrication facility at the former Bayside Casthouse.
The product produced by Bingelela Alloys is supplied to Maxion Wheels and Borbet, and reaches six out of the seven local Original Equipment Manufacturers in South Africa, including BMW and Toyota.