http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.48Change: -0.16
R/$ = 12.06Change: -0.15
Au 1178.46 $/ozChange: -3.19
Pt 1129.00 $/ozChange: -7.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Feb 14, 2013

ABB reaffirms SA’s gateway status as orders rise to R4.3bn

Back
Outgoing ABB South Africa CEO Carlos Poñe and his successor Leon Viljoen in conversation with Engineering News Editor Terence Creamer on prospects for the company in 2013. Camera Work: Nicholas Boyd & Duane Daws. Editing: Darlene Creamer. Recorded: 14.2.2012.
 
 
 
Engineering|ABB Group|ABB South Africa|Africa|Flow|Generators|Industrial|Mining|Motors|New ABB South Africa|Renewable Energy|Renewable-Energy|Resources|Africa|Pakistan|South Africa|United Arab Emirates|USD|Longmeadow Facility|Automation|Electricity Costs|Energy|Energy Efficiency Positions|Flow|Manufacturing|Manufacturing Capacity|Motors|Products|Renewable Energy Sector|Services|Southern Gulf|Carlos Po|Infrastructure|Joe Hogan|Leon Viljoen|Motors|Power|Motors|Limpopo|South Africa
Engineering|Africa|Flow|Generators|Industrial|Mining|Motors|Renewable Energy|Renewable-Energy|Resources|Africa||||Energy|Flow|Manufacturing|Motors|Products|Services||Infrastructure|Motors|Power|Motors||
engineering|abb-group|abb-south-africa|africa-company|flow-company|generators|industrial|mining|motors-company|new-abb-south-africa|renewable-energy|renewable-energy-company|resources|africa|pakistan|south-africa|united-arab-emirates|usd|longmeadow-facility|automation-industry-term|electricity-costs|energy|energy-efficiency-positions|flow-industry-term|manufacturing|manufacturing-capacity|motors-industry-term|products|renewable-energy-sector|services|southern-gulf|carlos-po|infrastructure|joe-hogan|leon-viljoen|motors-person|power|motors|limpopo|south-africa-region
© Reuse this



The Southern African unit of global power and automation group ABB reported a 36% rise in orders to R4.3-billion in 2012 and reaffirmed on Thursday that South Africa remained its main gateway into the expanding sub-Saharan Africa market, notwithstanding the country's social and economic problems.

New ABB South Africa CEO Leon Viljoen, who took over from Carlos Poñe on February 1, told Engineering News Online that he remained optimistic about prospects for both South Africa and the region.

Poñe, who delivered his fourteenth and final results presentation at the company’s Longmeadow facility, in Gauteng, had already relocated to the United Arab Emirates, where he was leading the group’s Southern Gulf and Pakistan region.

Poñe acknowledged that the South African business, which had invested materially in new manufacturing capacity over the past few years, faced serious power and labour cost pressures.

However, he and Viljoen stressed that the immediate focus would be on ensuring that these pressures were mitigated through an efficient delivery on its order backlog.

Many of its products and services were also geared towards assisting private and utility clients improve their energy efficiency positions, which meant that South Africa’s steeply rising electricity costs presented some growth opportunities.

During 2012, ABB South Africa had been buoyed by large orders arising from within the domestic renewable-energy sector.

In December, it secured a $225-million order from a SunEdison-led consortium to supply two turnkey photovoltaic power plants, located in the Limpopo province.

The group had also received strong domestic and regional order flow for motors and generators.

ABB South Africa reported a modest 2% rise in revenue growth to R3.5-billion. But 2013 had been placed on a firmer growth footing by the fact that its order backlog had risen 18% to R4.1-billion.

Energy efficiency-related workflow was also a significant driver, as process industries and miners sought to mitigate the impact of rising South African power prices.

Activity from the domestic mining and minerals sector dropped in the second half – a period during which a number of mines experieced significant disruptions as a result of industrial relations volatility. However, resources-related activity in the rest of the region remained strong and cross-border activity contributed 20% of overall revenue.

Poñe was also sanguine about the longer-term prospects for South Africa, where social factors such as inequality, poverty and unemployment were starting the weight on its credit rating and its attractiveness as an investment destination.

“Sometimes we are too negative when we approach most of our issues. We see some of the events that happened in 2012  . . . as a hurdle rather than something that is here to stay,” Poñe asserted.

South Africa’s physical and financial infrastructure remained more advanced than that which was available in the rest of the continent and, thus, positioned it ideally to provide a base from which to pursue emerging opportunities in the rest of the region.

Meanwhile, the larger ABB group reported a 15% fall in 2012 net income to $2.7-billion, on the back of a 4% rise in revenue to $39-billion.

Global CEO Joe Hogan indicated that the current focus was on balancing costs and growth, while seeking to leverage benefits from recent capital and research and development investments.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Tesla Motors CEO Elon Musk.
Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals such a s graphite, cobalt and lithium required to...
Eskom said load-shedding should not be needed this weekend. According to the bi-weekly System Status Bulletin‚ released on Thursday‚ the power utility “will once again embark on a massive plant maintenance drive this long-weekend in an effort to improve the...
Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that...
More
 
 
Latest News
Tesla Motors CEO Elon Musk.
Clean energy leader Tesla Motors on Thursday night launched a new range of batteries that could power homes and commercial buildings at a fraction of the expected cost, highlighting the growing demand for the minerals such a s graphite, cobalt and lithium required to...
Eskom said load-shedding should not be needed this weekend. According to the bi-weekly System Status Bulletin‚ released on Thursday‚ the power utility “will once again embark on a massive plant maintenance drive this long-weekend in an effort to improve the...
With just hours to go before the Broad Based Black Economic Empowerment (B-BBEE) Amended Codes of Good Practice come into law on 1 May‚ the Department of Trade and Industry (DTI) had still not clarified several important points - including the draft Qualifying Small...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Mercedes-Benz will launch ten plug-in hybrid models by 2017, says the German automaker’s parent company, Daimler. Following the launch of the S 500 plug-in hybrid, March saw the introduction of the C 350 e, the second model to feature the drive-train concept. Under...
Energy Minister Tina Joemat-Pettersson's recent unveiling of something of a road map for an upscaled and accelerated deployment of independent power producer (IPP) capacity has been widely welcomed. Besides plans to accelerate and expand the hitherto successful...
South African Airways (SAA) acting CEO Nico Bezuidenhout has firmly denied reports that a stake in the airline was going to be sold to Air China. “Categorically, SAA is not in any talks with any airline to sell itself at the moment,” he stated at a media briefing at...
Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that...
HANDIGAS LPG LPG users can order products at the Afrox website or through the Afrox call centre and receive next-day delivery
Gas products and services company Afrox has launched a pilot programme to deliver its range of Handigas liquefied petroleum gas (LPG) to domestic consumers to fill a gap in the market, thereby expanding its direct contact with end-users.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96