http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.15Change: 0.05
R/$ = 11.58Change: -0.02
Au 1195.87 $/ozChange: -1.05
Pt 1197.50 $/ozChange: 0.00
 
 
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 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|Battershill Steel Industries|Components|Design|Eskom|Projects|Transnet|Democratic Republic Of Congo|Zambia|Automotive|Manufacturing|Mining|Product|Products|Services|Steel|Steel Consumption|Steel Demand|Steel Products|Structural Steel Range|Infrastructure|William Battershill|Operations|Reinforcing
Construction|Components|Design|Eskom|Projects|Transnet|Democratic Republic Of Congo|Zambia|Automotive|Manufacturing|Mining|Products|Services|Steel||Infrastructure||Operations|Reinforcing
construction|battershill-steel-industries|components|design|eskom|projects|transnet|democratic-republic-of-congo|zambia|automotive|manufacturing|mining|product|products|services|steel|steel-consumption|steel-demand|steel-products|structural-steel-range|infrastructure|william-battershill|operations|reinforcing
© 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)
 
 
 
 
 
 
 
 
 
Latest News
China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
More
 
 
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
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