http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.11Change: 0.00
R/$ = 11.90Change: -0.02
Au 1205.90 $/ozChange: -0.17
Pt 1147.50 $/ozChange: -1.00
 
 
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  
 
 
Nov 01, 2007

Steel and aluminium supplier to make AltX debut

Back
Construction|Africa|Aluminium|Building|PROJECT|Africa|Equipment|Manufacturing|Products|Steel
Construction|Africa|Aluminium|Building|PROJECT|Africa|Equipment|Manufacturing|Products|Steel
construction|africa-company|aluminium|building|project|africa|equipment|manufacturing|products|steel
© Reuse this

The Mazor group, a supplier of steel and aluminium products in the Western Cape, plans to list on the JSE's AltX bourse in late November to pave the way for the company to expand its national footprint.

The firm said on Thursday that it planned to raise R90-million in a private placement prior to making its debut on the Johannesburg-based bourse.

The capital would be invested in new plant and equipment to enhance the group's capacity and efficiency. It would also be used to fund the national expansion of Mazor's manufacturing and fabricating networks.

Mazor Steel designs, supplies and erects structural steel frames, while Mazor Aluminium designs, manufactures and installs aluminium structures such as doors, windows, shop fronts, facades and balustrades for major construction blue-chips such as Group 5, Murray & Roberts, Stocks Building Africa, WBHO Construction and NMC.

The company had a revenue of R142,2-million for the year to February 2007, and generated a net profit of R34-million, up on its net profit in 2006 of R20,7-million.

It stated that the growth trend was set to continue into 2008 with revenue forecast to rise to R161,9-million and net profit to R41,9-million.

CEO Ronnie Mazor said the group was confident of achieving these targets, as it had an order book of R115,8-million already in hand.

Mazor Aluminium would contribute R64,8-million and Mazor Steel R51-million to the order book.

"Looking ahead to 2009 we currently have a probable project pipeline of R420-million made up of R240-million in Mazor Aluminum and R190-million in Mazor Steel," he said.

On listing, Mazor would introduce a staff incentive scheme to benefit black staff.

Mazor said that he was mindful of the need to improve the company's black economic-empowerment (BEE) platform to support growth.

"We have strict criteria for a BEE partner with regard to the ability to add value strategically for the group going forward. We will look to introduce a relevant partner when the timing is appropriate in light of the group's overall growth strategy and are positive the listing will enhance Mazor’s profile to attract such a partner at group level."

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Metals News
South Africa’s crude steel production dropped by a sizeable 17.2% year-on-year to an estimated 530 000 t in April, amplifying a global trend that saw world steel production decline by a comparatively marginal 1.7% to 135-million tons in the fourth month of the year....
Energy and chemicals group Sasol has expanded the production capacity of its alumina spheres plant in Brunsbüttel, Germany, to 4 000 t/y. “The expansion marks another step in strengthening our position in the alumina market to meet growing market demand for carrier...
The local metals and engineering sector cannot grow as a result of South Africa’s unreliable energy supply and the fact that, on average, energy costs in the sector account for about 8% of intermediary input costs, Steel and Engineering Industries Federation of...
Article contains comments
More
 
 
Latest News
South Africa’s crude steel production dropped by a sizeable 17.2% year-on-year to an estimated 530 000 t in April, amplifying a global trend that saw world steel production decline by a comparatively marginal 1.7% to 135-million tons in the fourth month of the year....
The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan...
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