http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.61Change: -0.04
R/$ = 12.27Change: -0.02
Au 1164.05 $/ozChange: -7.71
Pt 1081.50 $/ozChange: -7.00
 
 
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  
 
 
Oct 24, 2007

Another construction-related firm joins the AltX

Back
Battershill Steel Industries CEO William Battershill discusses the group's upcoming growth and the challenges in the manufacturing sector (24/10/07)
 
 
 
Construction|Components|Design|Eskom|Export|Mining|Projects|Reinforcing|Transnet|Democratic Republic Of Congo|Zambia|Automotive|Manufacturing|Product|Products|Services|Steel|Infrastructure|Operations
Construction|Components|Design|Eskom|Export|Mining|Projects|Reinforcing|Transnet|Democratic Republic Of Congo|Zambia|Automotive|Manufacturing|Products|Services|Steel|Infrastructure|Operations
construction|components|design|eskom|export|mining|projects|reinforcing|transnet|democratic-republic-of-congo|zambia|automotive|manufacturing|product|products|services|steel|infrastructure|operations
© Reuse this Government's R420-billion infrastructure spend, Eskom and Transnet's capital expenditure and a booming construction industry were key motivators for the AltX-listing of steel products company Battershill Steel Industries (BSI), CEO William Battershill said on Wednesday.

BSI listed over 719-million shares on the exchange and raised R157,6-million in a private placement of some 157,6-million shares at R1 a share before listing.

Battershill said that, despite some pressure on the market during the past two quarters, the large-scale infrastructural development projects were starting to materialise and this would stimulate steel consumption and facilitate the organic growth of the company.

He expected the sector to be "quite buoyant for at least the next five years", adding that steel demand would be strong.

He foresaw significant growth in the construction industry for the company and said that it would be increasing its structural steel range, which had already been on the market for about a year.

BSI also wants to enter the reinforcing bar industry by acquisition. However, Battershill said that he this would only be finalised by the middle of next year.

Battershill noted that the only potential cloud on the horizon was the manufacturing sector, which accounts for just over 50% of steel consumption, as it is affected by competition from imported goods, the threat of the Chinese market and productivity issues.

However, he believed the challenges could be managed, adding that the sector was diverse and that some manufacturers would benefit from the construction boom, as well as the revision of import/export regulations.

On the subject of manufacturing, BSI is currently overhauling (stripping and rebuilding) a slitting line to produce steel for the manufacture of automotive components. The new processing line will be operational in six to nine months and will allow BSI to ramp up this product range.

The group recently bought 23 ha of land in Meyerton and is currently in the design phase of developing a new premises where the processing and distributing activities, which presently take place separately in Alrode and Isando, will be combined.

Construction of the between 15 000-square metres and 20 000-square metres factory will start in February next year.

BSI's four primary activities include the processing of steel (slitting, blanking and cutting), providing stockist services to local clients, trading to bulk end users and exporting mainly to Zambia and the Democratic Republic of Congo's mining operations.
Edited by: Liezel Hill
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Metals News
ArcelorMittal, the world's largest producer of steel, will cut 2 800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below...
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...
Faring better than the global average, which saw international crude steel production by the 65 countries reporting to the World Steel Association slump 2.1% year-on-year to 139-million tons in May, South African output remained flat year-on-year, at 550 000 t....
Article contains comments
More
 
 
Latest News
Updated 1 hour 14 minutes ago The Complaints and Compliance Committee (CCC) of the Independent Communications Authority of South Africa (Icasa) reserved judgment on Thursday in a complaint by eight publishers against the South African Post Office (SAPO). CCC chairperson JCW (Jacobus) van Rooyen...
Updated 1 hour 18 minutes ago Trade and Industry Minister Dr Rob Davies says a memorandum of understanding (MoU) signed by the Department of Trade and Industry (DTI), the Eastern Cape provincial government and dairy products manufacturer Nestlé South Africa on Thursday would create 800 permanent...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
JSE-listed Afrimat will make a cash offer to acquire the entire remaining issued share capital of subsidiary Infrasors that it does not already own.
TEAMWORK Aggreko Europe, Middle East & Africa MD David Taylor-Smith; Aggreko Zambia chairperson Dr. Sixtus Mulenga; Aggreko Africa MD James Shepherd
Temporary power generation services provider Aggreko announced earlier this month that it had appointed Dr Sixtus Mulenga as nonexecutive chairperson of Aggreko Zambia, a move it believed was integral to the ongoing expansion of its operations in Zambia and the rest...
Major global aircraft manufacturer Airbus Commercial Aircraft is maintaining a steady course. "I don't have any big news, good or bad," company President and CEO Fabrice Brégier told international aviation journalists in Toulouse, France, at the company’s recent...
MEASURING DEVICES Bosch has released a mobile app that enables the measurements made with measuring devices to be sent and used directly on the app for accuracy and on-site quoting
Industrial tool manufacturer Bosch has increased the compatibility of many batteries in its range of blue industrial power tools and has released mobile-device applications (apps) for users of the tools, says Bosch South Africa training manager Peter du Bruyn. Many...
The new Nissan Navara has been launched onto the global market, but Nissan South Africa (NSA) will only know in August whether the local Rosslyn plant will assemble the one-ton pickup. The NSA plant currently produces the old NP300 Hardbody one-ton bakkie, as well as...
 
 
 
 
 
 
 
 
 
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