http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.18Change: -0.13
R/$ = 13.63Change: -0.09
Au 1124.04 $/ozChange: -0.06
Pt 1005.00 $/ozChange: -7.00
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jan 15, 2010

Merger aims to spur growth

Back
Uretech MD George Hoffman and operations director Robert Martin dicuss the effects of the global economic recession and the new Insulcovers. 15.01.2010 Cameraperson: Nicholas Boyd. Editing: Darlene Creamer.
 
 
 
Engineering|Africa|Design|Industrial|Installation|Mining|Pipes|Resources|Training|Africa|Manufacturing|Pipes|Product|Products|Solutions|Steel|Operations
Engineering|Africa|Design|Industrial|Installation|Mining|Pipes|Resources|Training|Africa|Manufacturing|Pipes|Products|Solutions|Steel|Operations
engineering|africa-company|design|industrial|installation|mining|pipes|resources|training|africa|manufacturing|pipes-industry-term|product|products|solutions|steel|operations
© Reuse this



Polyurethane products manufacturer Uretech merged with high-temperature 
solution specialists Insulcon and metal engineering company Dot Steel late last year.

While many companies continue to feel the strain of the global financial downturn, which includes declining sales and 
reducing the labour force, this merger is aimed at growth for the amalgamated company that now trades under the Uretech banner.

“The merger was driven primarily with the aim of expanding the company and not to save on costs. 
“The staff at Uretech are undergoing training aimed at achieving targets, such as sales goals, targets that, before the merger, would have had to be set three times to suit each com-
pany,” Uretech MD George Hoff-mann tells Engineering News.

Uretech operations director Robert Martin, formerly the MD of Insulcon, explains that the 
administration workload has been reduced, budgets are streamlined and suppliers and customers now have a single point of contact.

All three companies shared installation and manufacturing resources before the merger, but had separate sales forces, which, at times, resulted in different sales people contacting the same customer. The new structure 
allows Uretech to have one fully trained representative offering the customer its complete range of products and solutions.

The company reports that over the next two to three years the roles of the directors of the company may be redefined. Hoffmann is responsible for the management of catalogue sales in South Africa, Martin will manage the operational aspects and Brent Loftus, the former MD of Dot Steel, will focus on exports.

Hoffmann reports that Uretech is planning to expand its business into Africa, particularly in the mining industry.

Meanwhile, Martin says that 
Uretech is preparing itself for the upturn in the global market and, although this cannot be forecast, the company is ready not only to maintain its existing customer base, but also to expand on this base.

The global financial difficulties have 
impacted heavily on the metal, chrome and steel manufacturing sectors. 
Uretech has felt the effects of this impact through its customer sales and contracts that have been put on hold, but says that there have been improvements in these sectors over the past few months. 
The volatility of these commodity markets and the pressure this places on its 
customers are among the challenges that 
the company faces.

Meanwhile, a positive factor for the company during the financial difficulties has been the stability of the sales of Uretech products that the company offers and the introduction of new products into the market.

The company has launched Insulcovers, a new, patented design lagging and cladding product. 
The textile-based covers are intended to replace traditional mineral-wool-based lagging and cladding methods.
The product does not degrade in harsh conditions, is acid and ultraviolet resistant, lightweight and quick to install and replace, which reduces down time and saves on the cost of hiring scaffolding for the replacement. 
The covers can also be customised to fit any industrial application, pipeline, tank, valve or pump.

All the covers are manufactured in South Africa, can be used in conditions with subzero temperatures and are installed on the pipes in sections so that specific parts can be removed for inspection instead of having to remove the entire cover, incurring extra costs to replace it.

Edited by: Brindaveni Naidoo
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Video News
More
 
 
Latest News
Eskom acting CEO Brian Molefe
Updated 7 minutes ago The benefits of adding more nuclear power in South Africa will outweigh the cost implications, Eskom's acting chief executive told reported on Friday. In the midst of it worst electricity shortage crisis since 2008, Africa's most developed economy plans to add 9 600...
Public Enterprises Minister Lynne Brown
Updated 1 hour 15 minutes ago South African power utility Eskom expects the first 800 MW of power from its coal-fired power station, Kusile, to come on line from August 2017, the power firm said on Friday. Besides Kusile, Eskom said in a statement that the next major milestone was the...
WBCSD CEO Peter Bakker
Updated 2 hours 39 minutes ago South African power utility Eskom is participating in the World Business Council for Sustainable Development’s (WBCSD’s) microgrids programme, itself a subcomponent of the council’s larger Low Carbon Technology Partnerships initiative (LCTPi). WBCSD CEO Peter Bakker...
More
 
 
Recent Research Reports
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
The Health and Welfare Sector Education and Training Authority (HWSETA) has joined forces with Tshwane North Technical, Vocational and Education and Training College (TNC) to train 100 young unemployed learners as artisans, and marked this with an event that took...
JAMES TEMPLETON The increase in distribution is as a result of Emira’s acquisitive growth
JSE-listed Emira Property Fund reported distributions per participatory interest (PI) of 134.27 c – a distribution growth of 9% – for the 12 months to June 20, 2015.
Earlier this month ground broke on South Africa’s latest four star green building – the first of its kind in the Eastern Cape. The modern three-storey office block is located within the Baywest City precinct in Port Elizabeth’s western suburbs, along the N2, and...
South African armoured and mine protected vehicles company Denel Vehicle Systems (DVS) has won its first order since becoming part of the Denel group at the end of April. "It's a sizeable contract," reports DVS CEO Johan Steyn. "We won the contract in July. It's a...
South African guided weapons, unmanned air vehicles (UAVs) and space company Denel Dynamics plans to increase its revenues to more than R2-billion within five years. This was reported by company CEO Tsepo Monaheng at its annual "Show and Tell" briefing in Centurion,...
 
 
 
 
 
 
 
 
 
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