Jun 22, 2012
Developments in Coega IDZ create opportunities for SA companyBack
Engineering|Components|First Automobile Works|Industrial|Lear Corporation|Projects|Springwell|Systems|Automotive|Building|Manufacturing|Product|Products|Systems|Eastern Cape|Andrew Ogden|Dave Ogden|Ground|Eastern Cape
© Reuse this
Fortune 500 company First Automobile Works (FAW) is building a new truck assembly plant in the Coega IDZ, and Springwell hopes to be able to supply the plant with components, he says.
Engineering News in February reported that FAW had broken ground on the plant, with production scheduled to start at the end of 2013. The plant will produce 5 000 medium and heavy commercial vehicles a year.
The trucks are destined for the local market, as well as for export to a number of African countries. FAW sells roughly 20 000 units a year to the African market.
There are also currently a number of large export contracts by vehicle manufacturers under way; however, the size of these projects increases competition between components suppliers, as manufacturers are sourcing components globally.
“Although this is good for the economy, it makes securing contacts more difficult, as our prices need to be globally competitive,” MD Dave Ogden explains.
To maintain its competitive edge and successful business, Springwell has to continuously diversify, he says.
This has seen the business’s product range grow and investments have been made in new technology, machinery and quality systems.
“Springwell constantly develops new products made according to customer specifications,” says Andrew Ogden.
The company has been supplying products to automotive seat manufacturer Lear Corporation for over 20 years. It will also supply Lear with components for a new car model, on which manufacturing will start within the next few months, he says.
The products for this contact will be similar to products previously supplied to Lear. “We will provide them with numerous components, including springs, clips and wire fasteners, which are used to hold the cloth to the vehicles’ seats,” explains Andrew Ogden.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Other Automotive News
Updated 6 hours ago Western Cape entrepreneurs had just four days before applications closed to secure cash injections of at least R10-million by pitching their business ideas to major funding bodies at the Western Cape Funding Fair – the province’s own “Dragon’s Den”. The deadline for...
Updated 6 hours ago National carrier South African Airways (SAA) is deploying a locally developed satellite payment system, which is also able to track the aircraft anywhere in the world, across its fleet of airliners. The system, developed by satellite authentication company SatAuth,...
Updated 6 hours ago Financial services provider Stanlib aims to channel the bulk of a R1.2-billion infrastructure equity fund into some of the infrastructure projects under way in South Africa, with a particular focus on renewable energy. Stanlib on Tuesday said the fund, which would...
Recent Research Reports
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.
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.
This Week's Magazine
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...