Tuesday, March 11, 2008

Julius Klein Group and Dinamo Group Commence Diamond Manufacturing In Namibia

(miningnamibia) March 12-The Julius Klein Group (JKG) and its Namibian partner, the Dinamo Group, today announced the official opening of its new diamond manufacturing facility and corporate office, JKD Namibia (Pty) Ltd, in Prosperita, Windhoek.
This will mark the second manufacturing facility that the Julius Klein Group has opened in southern Africa, joining its sister operation in Johannesburg, South Africa.
More than N$ 30m (approx. US$4m) has been invested thus far in building a state of the art manufacturing facility, which currently employs 91 staff, of which 68 are Namibian and, once at full operational capacity, will employ over 125 staff.
“With this new venture, we bring with us the same traditions and values upon which Julius Klein Diamonds was built: integrity, trust, dedication and pride in craftsmanship” said A D Klein, JKG President. “It is these same values we are fully committed to instilling throughout everything we do today and always at JKD Namibia.”
Shihaleni Ndjaba, CEO of Namibia Diamond Trading Company (NDTC) added, ‘’The entry of JKD Namibia in the Namibian diamond manufacturing industry marks an important milestone in the local beneficiation process. The commitment shown by the JKD Group and their Namibian partners, the Dinamo Group, is highly commendable and NDTC is looking forward to working in partnership with JKD Namibia in creating a sustainable manufacturing industry in Namibia’’
Phillipine Angula, JKD Namibia Marketing Manager and partner from the Dinamo Group concurred with Messieurs Klein and Ndjaba. “The Dinamo Group is thrilled to be part of the value added proposition undertaken by JKD Namibia and its principles. Together, Julius Klein and Dinamo will strive to enhance and contribute to the economic development and social beneficiation of our fine country, including contributing to the promotion and marketing of a Namibian diamond brand.”
The Julius Klein Group has been a DTC Sightholder since 1990 with JKD Namibia receiving confirmation that it had been selected as one of 11 NDTC Sightholders in October 2007. JKD Namibia will receive supplies of rough diamonds from the NDTC until 2011.

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