http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.90Change: -0.06
R/$ = 12.59Change: 0.03
Au 1095.94 $/ozChange: -1.12
Pt 982.00 $/ozChange: -2.00
 
 
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  
 
 
May 29, 2008

Industrial group hunts for yet more specialised engineering opportunities

Back
Engineering|Africa|Eskom|Industrial|Petrochemicals|Projects|Pumps|Shell|Africa|Equipment|Maintenance|Manufacturing|Petrochemicals|Power Generation|Power-generation|Service|Services|Solutions|Power
Engineering|Africa|Eskom|Industrial|Petrochemicals|Projects|Pumps|Shell|Africa|Equipment|Maintenance|Manufacturing|Petrochemicals|Power Generation|Power-generation|Service|Services|Solutions|Power
engineering|africa-company|eskom|industrial|petrochemicals-company|projects|pumps|shell|africa|equipment|maintenance|manufacturing|petrochemicals|power-generation|power-generation-industry-term|service|services|solutions|power
© Reuse this Specialised industrial engineering group PSV Holdings will be consolidating its manufacturing and corporate footprint around the premises of newly-aquired APE Pumps, in Germiston, but remains on the prowl for yet more engineering acquisiitons.



"APE Pumps is a well-established pump business and had a facility that needed upgrading and equipment that needed renewing. We combined the two workshops, which will provide additional capacity and allow the two subsidiaries to increase turnover and profitability and also allow APE Pumps to be able to secure larger tender projects," PSV CEO Abie da Silva told Engineering News, in Johannesburg, last week.

He added that the company is spending about R8-million on new capital equipment and R1-million on the refurbishment of the facility.

"An approved capital investment programme will, firstly, allow PSV Services to eliminate the outsourcing of machining of material and, secondly, the additional equipment will expedite turn around and delivery times for APE Pumps," said Da Silva.

On other potential strategic acquisitions, he added that the company had sent out a cautionary notice for a specialised engineering business.

"The deal will be finalised in the next two months and we will be in a position to elaborate more."

PSV starts its new financial year on a confirmed order book of R110-million as of end of February.

All current contracts are progressing well and amounts to R250-million, include a five-year pump maintenance and spare supply contract, a three-year petrochemicals service contract and a three-year petrochemicals spares supply deal.

As a result of the massive fuel price increases in South Africa and the fact that many older pumps are not able to cater for a fuel price greater than four digits a litre, it is expected that PSV's Petrologic subsidiary will receive orders for the updating of these old fuel pumps.

PSV has successfully benefited from the cross selling of services to large international clients. The company was recently awarded a contract to manufacture swirl tube separator assemblies under licence for Shell Global Solutions International, becoming only the second company in the world to manufacture these swirl tube assemblies.

The company will continue to exploit opportunities arising from the upsurge in infrastructural and power generation spend in South Africa.

"We remain close to Eskom and are especially excited about their update and extension programmes, some of which we are already tendering for. We are encouraged by opportunities in the market place, which our group will be able to capitalise on," concluded Da Silva.

 

 

 

 

 

 

 


Edited by: Martin Zhuwakinyu
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
Updated 5 hours ago Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics. As a member of the Structa Group, Structa Technology proudly...
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
More
 
 
Latest News
Transnet National Ports Authority CIO Mmutle Lentle
Updated 16 minutes ago State-owned enterprise Transnet National Ports Authority’s (TNPA’s) new Web-based integrated port management system (IPMS) went live on July 26 at the Port of Durban, with crude oil tanker Colorado being the first vessel to be brought into the port using the new...
Updated 36 minutes ago South Africa’s automotive industry is not in crisis – but there is a very real danger that inertia could see it regress into lightweight assembly rather than claim its place as a globally competitive vehicle manufacturer. Speaking at the National Localisation Indaba,...
Updated 51 minutes ago Ahead of the start of construction of the Gibela Rail Transport Consortium’s R1-billion modern manufacturing facility and ancillary supplier business park, in Dunnottar, on the East Rand, the company gathered in excess of 450 aspiring contractors at a sector-specific...
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
Updated 6 hours ago Meyerton-based steel tank manufacturer Structa Technology is currently rolling out a water infrastructure build programme that supports local municipalities, water utilities, schools, hospitals and clinics. As a member of the Structa Group, Structa Technology proudly...
Alternative funding models could be expected to begin coming to the fore in South Africa’s renewable-energy sector as the market becomes more competitive and domestic development finance institutions (DFIs) begin scaling back their direct involvement in projects....
DIMITRI MARKOULIDES An innovation champion must involve employees in innovation projects and keep them updated to enable them to support and drive innovation and create the future of the business
An innovation champion course that trains executives to manage innovation in their organisations aims to help companies grow revenue streams and tap new markets, says business change management consultancy BMGI South Africa innovation practice lead Dimitri...
Future digital workplaces will require employees to continuously learn new “literacies”, including new media, information and technical skills, to help their company thrive and spur personal growth. Information technology (IT) research firm Gartner, thus, suggests...
Only 25% of large construction projects surveyed in KPMG’s Global Construction Project Owner’s Survey, released in June, were concluded on time and within budget over the last three years. “Every project owner wants predictability when it comes to large projects, and...
 
 
 
 
 
 
 
 
 
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