Feb 03, 2014
City of Houston looks to woo potential SA energy, trade partnersBack
Houston|Johannesburg|AECOM|Africa|Aviation|Baker Hughes|Camac International|CenterPoint Energy|Chevron|Halliburton|Petrochemicals|Sasol|System|Training|Weatherford International|Africa|South Africa|United States|USD|Energy|Energy Capital|Energy Giants|Energy Sector|Namely Energy|Natural Gas Multinational|Oil|Oil And Gas|Petrochemicals|Petrochemicals Giant|Services|Annise Parker|Genaro Pe|Mario Diaz|Rodney Ellis|Texas
© Reuse this
Parker, who would lead a delegation on the sidelines of the fifth biennial C40 Mayors Summit, in Johannesburg, noted that there was “great” potential to strengthen the economic ties between the two parties, most specifically in the energy sector.
Between February 1 and 8, the delegation, which included representatives from energy giants Aecom and CenterPoint Energy, and was sponsored by multinationals Chevron and Halliburton, would meet with high-level government officials and business decision-makers to further boost yearly trade between Houston and South Africa, which totalled $1.3-billion in 2012.
Representatives from Houston-area companies specialising in aviation, property and international trade and investments were also members of the delegation, which would this week host a “Doing Business with Houston” seminar for engagement with the South African private sector and investment community.
“With a strong emerging market like South Africa, it makes sense from both a business and cultural perspective to have strong ties to the area. I look forward to working with South African leaders to ensure that our city and state are able to continue the solid partnership that has served both so well,” Texas state senator and mission delegate Rodney Ellis noted at a press briefing, in Johannesburg, on Monday.
Houston and South Africa had established cultural and economic ties, with over 370 Houston-based companies reporting business or trade ties with the country.
Of the 214 firms in the Houston region affiliated with subsidiaries in South Africa, 14 were headquartered in Houston, namely energy firm Camac International, oilfield services company Baker Hughes, oil and gas major National Oilwell Varco and oil and natural gas multinational Weatherford International.
In addition, South African petrochemicals giant Sasol operated two subsidiary locations in Houston.
“Moreover, since 2000, total yearly trade between South Africa and Houston grew at a compound yearly growth rate of 8.9%,” added Ellis.
The Houston Customs District was ranked South Africa’s fifth-largest US gateway for international trade by value, while South Africa ranked as Houston’s thirty-ninth-largest international trade partner by value.
Houston’s exports to South Africa totalled $923.6-million in 2012, while Houston’s imports from South Africa rose 4.8% in the same year to $423.9-million.
In terms of seaborne trade, Houston ranked as South Africa’s fourth-largest US gateway for international seaborne trade, while total seaborne trade between Houston and South Africa totalled $1.2-billion in 2012.
Trade promotion organisation the Greater Houston Partnership International Investment & Trade VP Genaro Peña described Houston’s economy as “diverse and robust”, adding that it “matched up well” with the types of industries being pursued locally.
“We are excited about the growth prospects this trade mission presents us and South Africa. We believe that Houston presents a great opportunity for expanding South African firms looking to do business overseas,” he commented.
Houston Airport System director Mario Diaz added that, as Houston already boasted a strong record of training African aviation professionals from all three major airports in South Africa, the delegation would also pursue engagement with several aviation stakeholders.
"We are looking forward to starting a vigorous dialogue with officials from South African Airways and OR Tambo International Airport while we are in the Johannesburg area. We will also meet with members of the aerospace industry as we continue to pursue our spaceport licence at Ellington Airport, in Texas,” he pointed out.
According to the US Census Bureau, almost 2 200 Houston-area residents were born in South Africa, while almost 1 100 Houston residents had South African ancestry.
Edited by: Tracy Hancock© Reuse this Comment Guidelines (150 word limit)
Other Trade News
Article contains comments
Updated 3 hours ago Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing...
Updated 3 hours ago Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday. The firm was looking for equity interests related to coal, solar,...
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
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.