Sep 20, 2012
Denel seals new partnership, with UAE companyBack
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
© 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 Comment Guidelines (150 word limit)
Other Defence News
Brazilian aircraft manufacturer Embraer rolled out the first prototype of its KC-390 military transport and air-to-air refuelling aircraft at its Gavião Peixoto plant in São Paulo state on October 21. The aircraft is the biggest type yet developed by the company and...
South Africa’s defence acquisition agency Armscor (which also undertakes research and development [R&D] and disposes of surplus military equipment) achieved, during the 2013/2014 financial year, its best financial performance regarding acquisition projects in five...
Article contains comments
South Africa’s defence, aerospace and maritime industries contribute to the country’s economy through the development and maintenance of high-level scientific, engineering, technological and technical skills and jobs, as well as advanced design, development and...
Updated 5 hours ago 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...
Updated 5 hours ago 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...
Updated 6 hours ago 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...
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.
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.