/ 21 November 2001

GERMAN CONDOM MAKER TO EXPAND IN SA

GERMAN condom maker Condomi said on Tuesday it planned to move into the South African market where it would open a factory to turn out 100 million condoms per year. To this end it was setting up a joint venture, Condomi Africa Ltd, with partners Ferrostaal Investments South Africa and the “Black Empowerment” consortium, which groups Khula Industrial Investments Corporation and Womens Development Bank Investment Holdings, the German company said in a statement. – AFP