R/€ = 12.99
R/$ = 12.08
Au 1186.35 $/oz
Pt 1139.50 $/oz
Nov 06, 2007
B&W will seek to diversify customer base after 2010Back
Construction|Port|Africa|Eskom|Industrial|Instrumentation|Mining|Nuclear|Petrochemicals|Platinum|PROJECT|Projects|Transnet|Africa|Democratic Republic Of Congo|Nuclear|Petrochemicals|Power Generation|Power-generation|Infrastructure|Power
© Reuse this Local instrumentation company B&W Instrumentation & Electrical said that it continued to see growth in its current markets - mining, infrastructure and industrial - until 2010, and would diversify from then on.
MD Brian Harley said on Tuesday, when the company released its full year results for 2007, that beyond 2010, B&W's strategy would see the firm become increasingly involved in projects in the nuclear, petrochemicals and power generation sectors with giants such as Sasol and Eskom.
Executive chairperson John Barrow noted that the firm expected to be involved in the construction of between two and three oil refineries in the Southern African region by 2010.
He added that B&W's strategy also included an additional effort to augment its foothold in Africa, particularly in the mining sector in the mineral-rich Democratic Republic of Congo.
Looking locally, the firm was recently awarded a small reticulation project (R70-million to R80-million) by Transnet, its first job as part of the Coega development, which Harley commented allowed the company to position itself strategically in the Port Elizabeth area.
On a larger scale, B&W's biggest project, the platinum concentrator for Anglo Platinum's Potgietersrus mine valued at R134-million, is expected to be completed in March next year.
Of the company's identified projects in the pipeline until 2010 (in the power generation, mining, chemical, gas and oil, industrial, food and beverage and nuclear sectors) over 80% have already passed the feasibility stage and are into the bankable feasibility stage, Harley noted.
These projects are forecast to be worth about R5-billion in 2010.
Barrow commented that all the results had been up from the previous year, and on target with predictions.
B&W posted headline earnings a share of 14,2c a share for the year ended August 31, and reported a profit after tax of R24,8-million for its maiden annual financial results following its listing on the AltX in July. Dividends of 3,5c a share will be paid to shareholders.
Revenue for the period was R294-million and R336-million has been projected for August 2008.
The order book stood at R240-million at the end of August, which was lower than the R336-million estimate, however, Barrow pointed out that it currently stood at R312-million.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Updated 10 minutes ago Toll tariffs for the proposed N1 and N2 Winelands toll roads in the Western Cape have not been set, the South African National Roads Agency (Sanral) said on Wednesday. These tariffs will only be set by the minister of transport once the competitive bidding process...
Updated 11 minutes ago One key component of the South African government’s current economic policy relates to encouraging economic growth and fostering job creation through promoting the procurement of locally produced goods and services. But supporters of the policy believe a shift in the...
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
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...