Chemical Industry

Due to huge business opportunities in the chemical industry, IDC’s priorities include not only upstream manufacturing in major industries, but also essential chemicals, and even cosmetics, detergents, glass, plastics, rubber products, fine chemicals, specialty chemicals, ceramics, stone and concrete products.

According to Hilton Lazaurs, head of IDC’s Chemical Industry Development Unit, IDC plans to invest not only in business size, but also in oil and gas, industrial goods, and civilian chemicals, and the company is evaluating the feasibility and potential of various projects. Any employee can propose a chemical plan and apply to IDC for a sum of 1 million rand or more. When the Small Enterprise Finance Agency joins the plan, the amount can increase to 3 million rand. The fund will help to meet the company’s operational needs and improve its technology, thus making it more competitive in the market. Therefore, not only new startups, but also companies that plan to expand their business can apply for the funding.