http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.26Change: 0.11
R/$ = 11.61Change: 0.03
Au 1196.77 $/ozChange: 2.31
Pt 1199.50 $/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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 11, 2012

Italian brake manufacturer signs SA distribution deal

Back
Johannesburg|Africa|Brembo|Industrial|Sparepro|System|Systems|Africa|Asia|Europe|China|India|South Africa|Brake System Manufacturer|Brake Systems|Car Brands|Car Segment|Equipment|Products|Systems|Francesco Aresi|Marco Moretti|Fiat Panda
|Africa|Industrial|System|Systems|Africa|||Equipment|Products|Systems||
johannesburg|africa-company|brembo|industrial|sparepro|system|systems-company|africa|asia|europe|china|india|south-africa|brake-system-manufacturer|brake-systems|car-brands|car-segment|equipment|products|systems|francesco-aresi|marco-moretti|fiat-panda
© Reuse this



Italian brake system manufacturer Brembo has signed an agreement with South African parts company Sparepro for the distribution of its brake systems into the local aftermarket.

Brembo aftermarket marketing director Marco Moretti said at a press briefing held in Johannesburg on Wednesday that the company hoped to secure a 20% share of the premium-car brake-pad and brake-discs aftermarket in South Africa over a three-year period.

He added that an assessment of the South African market showed that the premium car segment was growing, along with the country’s economy. South Africa also showed a strong preference for European car brands, which were some of Brembo’s most loyal customers.

Moretti said the decision to target South Africa followed Brembo’s ambition to expand globally. The company already had three research laboratories, 19 industrial sites and 23 commercial sites worldwide, including in India and China.

“The only empty space is Africa.”

Moretti noted that Brembo had “to anticipate the future”, and that it must be “careful and prepared” for the continuous shift in the global vehicle market away from Europe to developing countries, such as those in Asia.

Brembo’s presence in Africa would be through brake pads initially, with brake discs to follow.

Moretti said Brembo’s products were suitable for any vehicle, “from a Fiat Panda to an Aston Martin”.

He added that Brembo was, however, a premium brand, and that it will be offered at “a premium price”.

Brembo aftermarket area manager Francesco Aresi also emphasised that Brembo’s focus was on quality, and not price.

Moretti said the Italian parts manufacturer had followed its original-equipment manufacturer customers, such as BMW and Mercedes-Benz, into India and China, providing parts into their plants there.

“It could be an option in South Africa, yes, but I have to say that it is not on our agenda today.”

Brembo is the owner of the Brembo, Breco, Bybre, Marchesini, Sabelt brands and operates through the AP Racing brand.

The 51-year-old company’s 2011 turnover reached E1.25-billion, up 17% from 2010. The company employs 7 000 people, with 5% of its turnover spend on research and development, and 10% of its employees involved in this activity.

“Brembo is a research-and-development-driven company,” said Moretti.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Automotive News
 
Latest News
Updated 5 hours ago China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
More
 
 
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
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
Murray & Roberts (M&R) Infrastructure has been awarded a contract by the North West provincial government’s Department of Public Works and Roads to upgrade 58.4 km of gravel roads in the Ganyesa area, north-west of Vryburg, by May 2016.
Transport Minister Dipuo Peters has published various amendments to the Gauteng e-Road regulations in the Government Gazette for public comment. Among the proposed amendments was a requirement that “foreigners” now had to “comply with the provisions relating to the...
Construction has started on the Ekurhuleni metropolitan municipality’s new Integrated Rapid Public Transport Network (IRPTN) service that would connect the nine separate towns of Gauteng’s East Rand, through integrating new bus networks, existing bus services,...
Article contains comments
More
 
 
 
 
 
 
 
 
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