http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.69Change: -0.05
R/$ = 12.32Change: -0.01
Au 1168.78 $/ozChange: -0.02
Pt 1083.00 $/ozChange: 1.00
 
 
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  
 
 
Sep 20, 2012

Denel seals new partnership, with UAE company

Back
Expertise|Africa|Defence|Denel|Denel Dynamics|Denel Group|Industrial|Tawazun Holdings|Africa|Brazil|South Africa|United Arab Emirates|Defence Technology|Industrial|Manufacturing|Jan Wessels|Rias Salojee|Middle East|Defence Technology
Expertise|Africa|Defence|Denel|Industrial||Africa||Manufacturing|||
expertise|africa-company|defence|denel|denel-dynamics|denel-group|industrial|tawazun-holdings|africa|brazil|south-africa|united-arab-emirates|defence-technology|industrial-industry-term|manufacturing|jan-wessels|rias-salojee|middle-east|defence-technology-technology
© Reuse this



South Africa's State-owned defence industrial group Denel announced at Africa Aerospace and Defence 2012 on Thursday that it had established a joint venture (JV) with United Arab Emirates company Tawazun Holdings.

The JV is called Tawazun Dynamics and is 51% held by Tawazun Holdings and 49% by Denel.

Within Denel, responsibility for the JV is held by the group's precision weapons, missiles and unmanned air vehicles company, Denel Dynamics. This is the first partnership involving Denel Dynamics which will be based outside South Africa, giving the company an international footprint.

Denel Group CEO Rias Salojee described it as a "very significant agreement". Denel Dynamics CEO Jan Wessels stated that, "for us at Denel, and Denel Dynamics specifically, it is of huge importance".

Wessels highlighted the opportunity to combine Tawazun Holdings' investment experience with Denel Dynamics' expertise in defence technology.

"Denel's JV with Tawazun will provide us with an important foothold in the strategic market of the Middle East," he affirmed.

"We want to play a role in joint ventures and smart partnerships, especially with developing countries."

The new JV will manufacture and integrate precision guided munitions for the United Arab Emirates Air Force and for other branches of the country's armed forces, as well as for other customers. Manufacturing will be a central function of Tawazun Dynamics, which will strengthen Denel Dynamics' production base. Hitherto, Denel Dynamics has been a very strong development house but has had a relatively small manufacturing capacity.

Denel Dynamics already has a successful partnership with Brazil, covering the development of the A-Darter air-to-air missile, which is scheduled to enter production in 2014. This partnership, however, is based in South Africa (although Brazil will set up its own production line for the missile).
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
An end to wage negotiations within the local government sector could be in sight as a conciliator’s proposal, setting out a number of settlement suggestions to resolve the deadlock, was expected on Monday. The Independent Municipal and Allied Trade Union (Imatu)...
Development financier Eastern Cape Development Corporation (ECDC) executive Noludwe Ncokazi on Friday said the organisation had the “huge responsibility of ensuring business continuity”, following the resignation of ECDC subsidiary Automotive Industry Development...
South Africa’s second-largest oil refinery, Engen Refinery (Enref), is set to undergo a three-day planned maintenance outage from July 9 as part of an ongoing maintenance programme to ensure that the facility, which delivers a significant portion of South Africa’s...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Electricity 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: Road and Rail 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
NHLANHLA NENE The main constraints to economic growth are domestic
Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
The 25-year master plan for Gauteng’s Aerotropolis project will go through a process of approval and adoption during June and July, says Aerotroplis project manager Jack van der Merwe. “We are also in the process of putting together a special purpose vehicle (SPV) to...
SOLAR PANELS The existing buildings in the Coega Industrial Development Zone lent themselves well to rooftop solar panel installations
The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...
 
 
 
 
 
 
 
 
 
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