Engen helps unrest affected families with food relief southlandssun.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southlandssun.co.za Daily Mail and Mail on Sunday newspapers.
Engen refinery plan sparks anger
By Vernon Mchunu
Share
DURBAN - COSATU yesterday disputed the assertion that the Engen refinery was not financially viable, saying the high price the company was charging for its fuel products meant that it remained a profitable business.
The labour federation was reacting to the impending shutdown of the petroleum products giant’s refinery.
The company has announced a decision to close its refinery and convert the South Durban-based site into an import terminal and product storage facility.
Managing director and chief executive Yusa’ Hassan said that the refinery-to-terminal (RTT) re-purposing initiative was based on a strategic evaluation that confirmed the plant was no longer financially viable.