http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.04Change: -0.16
R/$ = 12.07Change: -0.10
Au 1204.60 $/ozChange: 1.40
Pt 1170.50 $/ozChange: 4.00
 
 
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  
 
 
Sep 17, 2012

Paramount Group seeks further expansion in developing countries

Back
Paramount Group CEO John Craig speaks about the aerospace and defence industry. Camerawork: Nicholas Boyd. Editing: Shane Williams. 17/09/2012
 
 
 
Engineering|Africa|Defence|Paramount Group|SECURITY|Training|Africa|Asia|Brazil|China|Ethiopia|India|Nigeria|Russia|South Africa|Products|Security Products|Ichikowitz|John Craig|Marauder|Matador|Operations|Latin America|Middle East
Engineering|Africa|Defence|SECURITY|Training|Africa|||Products|||Operations|
engineering|africa-company|defence|paramount-group|security|training|africa|asia|brazil|china|ethiopia|india|nigeria|russia|south-africa|products|security-products|ichikowitz|john-craig|marauder|matador|operations|latin-america-region|middle-east
© Reuse this



Africa’s largest privately owned aerospace and defence company Paramount Group said it would continue to expand its business in the developing world, which had a “huge requirement” for defence and security products.

Paramount Group CEO John Craig told Engineering News Online that the company would focus on developing countries, as North Atlantic Treaty Organisation, or Nato, countries were well served with their own defence industries.

“We are actively seeking to serve these markets and in the next year we see our expansion drive into regional markets, Latin America, the Middle East and continuing our operations in Asia.”

Craig explained that the company would use South Africa as the base from where it developed its intellectual property. “It is absolutely our business concept to partner with international companies, in particular where local programmes are large enough that they could economically warrant transfer of technology,” he said.

Paramount also assisted its international customers through training and skills development to understand and build its products in their own markets, which further reduced exporting/importing costs.

Meanwhile, the company has introduced an improved armoured vehicle range, including the landmine-protected Marauder and Matador vehicles and the Mbombe fighting vehicle.

The prototype vehicles were built in 2007 and have been put through a series of trials in South Africa, as well as extreme weather trials in Asia, the Middle East and Africa.

Weighing between 15 t to 18 t, the vehicles can be adapted to a variety of missions without the requirement for a major redesign.

WORKING WITH AFRICA

Paramount chairperson Ivor Ichikowitz noted that Africa was on the brink of major transformation, but said a lack of integration between nations was holding the continent back.

“By forming a distinct economic grouping, a pan-African equivalent to Brics [Brazil, Russia, India, China and South Africa] we could work together for our collective economic interests.

“There’s no shortage of pan-African subjects which need to be addressed, such as the beneficiation of raw materials, access to markets and tariffs,” he noted.

Further, Ichikowitz said that by 2035, the continent’s labour force would be bigger than any individual country in the world, including India and China. “Nigeria and Ethiopia would add a total of 30-million workers by 2020, while South Africa is expected to add 2-million,” he said.

Ichikowitz concluded that Africa was the next frontier of growth and development and would be a main driver of the global economy. “By bringing together a talented population of one-billion people, we could withstand any global competition – and truly call this an ‘African century’.”
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Intellectual Property Law News
Pedestrian Door Solutions specialists, ASSA ABLOY Entrance Systems South Africa (Pty) Ltd., have supplied and installed a number of Besam entrance systems to medical facilities both in South Africa and outside the country’s borders that offer fast, convenient and...
Rubber-in-compression couplings, from Renold Hi-Tec, provide fail-safe operation on applications such as mine winders, hoists, draw-works on drilling rigs and industrial overhead cranes. The intrinsically fail-safe construction of the couplings protects both people...
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
More
 
 
Latest News
Updated 41 minutes ago With Africa holding 60% of the world’s arable land, agriculture held one of the keys to unlocking economic opportunities for the continent, but could only be achieved through cooperation with other countries in regions such as Asia. Speaking at the Asia–Africa...
Updated 1 hour 18 minutes ago Business process outsourcing (BPO) industry association Business Process enabling South Africa (BPeSA) has appointed Tebogo Molapisane as its new CEO, following the relaunch of the national organisation. Molapisane has been involved in the contact centre industry for...
Updated 1 hour 25 minutes ago JSE-listed Consolidated Infrastructure Group (CIG) on Tuesday reported a 26% year-on-year increase in revenue to R1.7-billion for the six months ended February 28, while its aftertax profit grew by 36% year-on-year to R164-million. The higher profit was driven...
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
Today’s organisations execute projects within increasingly complex environments – particularly in the engineering sector. The ability to successfully execute these projects is what drives the realisation of successful projects and, ultimately, the achievement of...
SMART DISTRIBUTION Providing funds to introduce smart grid technologies in the absence of a clearly defined strategy will not result in the desired outcome
South Africa’s distribution grid is a twentieth-century relic, which must be changed to serve the country’s modern electricity needs, says South African National Energy Development Institute (Sanedi) Smart Grid Programme manager Dr Minnesh Bipath. “What we are...
There is a disparity in government funding provided to integrated transport networks – bus rapid transit (BRT) networks ¬¬– and that given to conventional bus services, says Putco executive director Thys Heyns. “We have neglected and strangled conventional bus...
The Johannesburg Social Housing Company (Joshco) is building 502 rental housing units, valued at R200-million, in Dobsonville, Soweto, which are scheduled for completion in June 2016.
Automotive component manufacturer and distributor Metair is centralising its research and development (R&D) work in Turkey, in an attempt to bolster the company’s ability to produce affordable start/stop batteries. The new R&D centre is part of an expansion plan in...
 
 
 
 
 
 
 
 
 
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