http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.02
R/$ = 12.07Change: -0.13
Au 1187.17 $/ozChange: -20.08
Pt 1125.50 $/ozChange: -23.50
 
 
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  
 
 
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 Construction Materials News
DIVERSE OFFERING In addition to providing asset management services, Aurecon is involved in KwaZulu-Natal projects, which included the Chota Motala interchange upgrade
Engineering, management and specialist technical services firm Aurecon has registered a significant increase in asset management projects in KwaZulu-Natal in the past year, as private and public organisations realise they gain more value from assets if they can...
CONSTRUCTION SPECIFIC The X-Stop PVC Waterstops are manufactured from a high-quality virgin polyvinyl chloride compound to provide substantial flexibility and durability
Tiling installation materials, tiling tools, building solutions and construction adhesives manufacturer and supplier Tal has supplied its largest order of X-Calibur X-Stop polyvinyl chloride (PVC) Waterstop extruded water bars to date to the lower Thukela bulk water...
Raubex is no longer a South African National Roads Agency Limited (Sanral) or a road-building company, but a diversified infrastructure and materials group, says CEO Rudolf Fourie. A spate of acquisitions, aimed at achieving the goal of diversification, as well as a...
More
 
 
Latest News
Kusile’s recently appointed contractor said on Wednesday that it was confident it would meet the tough deadlines set by Eskom and that labour issues will be averted going forward. The Mpumalanga-based power station has experienced massive delays and its completion...
None of the municipalities in the Free State, North West and Limpopo attained clean audit opinions for 2013/14, and a majority also achieved qualified, adverse or disclaimed audit opinions, according to a report released by the Auditor General Kimi Makwetu on...
With State-owned power producer Eskom “failing” South Africa, smaller private energy producers were stepping up to the plate and collectively delivering more power at a faster pace than Eskom or any other single entity could, EE Publishers MD Chris Yelland said on...
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
While strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
LSM Distributors has contracted engineering consultancy WSP | Parsons Brinckerhoff Africa to undertake the R100-million restoration of the 54-year-old Kyalami racetrack, situated in Midrand. The restoration will assist in re-establishing it as a venue for...
South African Defence Minister Nosiviwe Mapisa-Nqakula has expressed the hope that the defence budget will be significantly increased over the next five years. She did so while addressing the media in her recent budget vote media briefing. The 2015/2016 defence...
The African Development Bank (AfDB) has been an implementing agency for the Global Environment Facility (GEF) since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released...
PAUL SPEAR Training and development should be an integral and proportionate part of the long-term strategy of all companies, regardless of their size
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.
 
 
 
 
 
 
 
 
 
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