http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.76Change: 0.11
R/$ = 10.96Change: 0.10
Au 1193.42 $/ozChange: 4.09
Pt 1213.50 $/ozChange: 10.00
 
 
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  
 
 
Nov 06, 2007

B&W will seek to diversify customer base after 2010

Back
B&W Instrumentation and Electrical MD Brian Harley in conversation about the company's project pipeline until 2010 and beyond (06/11/07)
Construction|Port|Port Elizabeth|Africa|B&W Instrumentation|Eskom|Industrial|Instrumentation|Nuclear|Petrochemicals|Platinum|PROJECT|Projects|Sasol|Transnet|Africa|Democratic Republic Of Congo|Platinum's Potgietersrus Mine|Mining|Nuclear|Oil Refineries|Petrochemicals|Power Generation|Power-generation|Brian Harley|Infrastructure|John Barrow|Power|Koss R-80 Consumer Headphones
Construction|Port||Africa|Eskom|Industrial|Instrumentation|Nuclear|Petrochemicals|Platinum|PROJECT|Projects|Transnet|Africa|Democratic Republic Of Congo||Mining|Nuclear|Petrochemicals|Power Generation|Power-generation|Infrastructure|Power|
construction|port|port-elizabeth|africa-company|bw-instrumentation|eskom|industrial|instrumentation-company|nuclear-company|petrochemicals-company|platinum|project|projects|sasol|transnet|africa|democratic-republic-of-congo|platinums-potgietersrus-mine|mining|nuclear-industry-term|oil-refineries|petrochemicals|power-generation|power-generation-industry-term|brian-harley|infrastructure|john-barrow|power|koss-r-80-consumer-headphones
© 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.

Financial Results


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)
 
 
 
 
 
 
 
 
Other Construction News
A month before it plans to list on the main board of the JSE, property group, the Pivotal Fund has posted a net asset value per share excluding deferred tax (NAVPS) for the six months ended August 31, of R15.55 – a 5.9% increase on the NAVPS at the end of the...
Steel among the five resource value-chains being prioritised
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National...
Construction company Group Five says its strategy is strongly focused on expansion in Africa, with selected projects in Russia and Northern America also possibly on the horizon. Outgoing CEO Mike Upton says the South African construction industry saw what appears to...
More
 
 
Latest News
Industrialisation remains a major part of the South African developmental agenda and an important vehicle towards achieving the Department of Trade and Industry’s (DTI’s) target of creating 100 black industrialists in the next five years, Trade and Industry...
The construction of a new innovation hub in the heart of the Dube TradePort, in Durban, was set to kick off in March 2016, as Dube TradePort Corporation sealed a R160-million lease agreement with Eureka Capital. Eureka Capital planned to develop a seven-storey 21 500...
South Africa will become the first African country to host the Organisation for Economic Cooperation and Development’s (OECD’s) Steel Committee Conference when the committee’s seventy-seventh session takes place in Cape Town between December 11 and 12. The...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
JAMES ROBERTS The MOM incubator was designed to help babies in developing nations who were dying in conflict-struck nations or who do not receive hospital care
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.
 
 
 
 
 
 
 
 
 
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