Sep 20, 2012
Denel seals new partnership, with UAE companyBack
Expertise|Africa|Defence|Denel|Denel Dynamics|Denel Group|Industrial|Tawazun Holdings|Technology|Africa|Brazil|South Africa|United Arab Emirates|Defence Technology|Industrial|Manufacturing|Jan Wessels|Rias Salojee|Middle East|Defence Technology
© Reuse this
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
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Other Defence News
Updated 1 hour 20 minutes ago South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.
Updated 1 hour 20 minutes ago South Africa’s State-owned defence industrial group Denel is in advanced discussions with the Department of Defence and the South African Air Force (SAAF) for upgrading the latter’s Denel Aviation Rooivalk attack helicopters. The upgrade would increase the...
Trade union Solidarity on Wednesday called on Public Protector Thuli Madonsela to investigate South Africa’s State-owned defence industrial group Denel’s new joint venture (JV) Denel Asia’s link to the Gupta family. The JV, established in Hong Kong in partnership...
Updated 5 hours ago President Jacob Zuma unveiled the skeletons of what he described as an economic “turnaround plan” in a State of the Nation Address dominated by the current plight of the South African economy, which was unlikely to grow by more than 1% in 2016 and would not nearly...
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Updated 1 hour 16 minutes ago Lifting, transporting, installing and ballasting solutions provider Ale has expanded its global fleet of trailers and invested in the latest range of widening trailers that can be mechanically widened from 3 m to the desired width for any project. Ale ordered 48 axle...
Updated 1 hour 16 minutes ago The market for the BMW 7 Series in South Africa differs quite significantly from the rest of the world. China, the US and the Middle East almost exclusively buy the long-wheel-base version, using the German manufacturer’s luxury high-end sedan as a chaffeur-driven...
Updated 1 hour 16 minutes ago January new-vehicle sales fell by 6.9%, to 48 615 units, compared with the same month last year. Statistics released by the Department of Trade and Industry show that the domestic new passenger-car market declined by 6.1%, to 34 936 units, compared with 12 months ago.
Updated 1 hour 16 minutes ago Information technology (IT) equipment and infrastructure multinational Dell is providing open infrastructure systems for clients so that they can use any systems, including innovative new systems, that suit their business needs, says Dell Europe, Middle East and...
Updated 1 hour 16 minutes ago South Africa’s State-owned defence industrial group, Denel, has set up another international partnership, based in Hong Kong. This new subsidiary is Denel Asia and it is a joint venture (JV) with South African private sector company VR Laser.