http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.12Change: -0.01
R/$ = 11.96Change: -0.09
Au 1204.26 $/ozChange: -1.81
Pt 1146.50 $/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 30, 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
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
More
 
 
Latest News
Tongaat Hulett CEO Peter Staude
Despite a record year, Tongaat Hulett’s starch and cellulose division was impacted by load-shedding during the year ended March 31, CEO Peter Staude said in a telephone interview on Monday. “The starch and glucose operation, which is the only wet-miller in...
The Competition Commission has referred a case of alleged collusion against JSE-listed construction materials company Dawn, along with its subsidiaries DPI Plastics, Ubuntu Plastics and Sangio Pipes, to the Competition Tribunal for prosecution. The commission alleged...
JSE-listed Rhodes Food Group grew its turnover 12.4% to R1.3-billion for the six months ended March 29, while normalised operating profit was up 17.3% to R126-million, the company reported at its interim results presentation on Monday. The company’s normalised...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
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.
 
 
 
 
 
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
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