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Fluor secures Vopak EPCM contract for Durban fuel storage terminal

By: Creamer Media Reporter      Updated 7 hours ago Vopak Terminal Durban has awarded NYSE-listed Fluor Corporation an engineering, procurement and construction management contract to deliver the Vopak Growth 4 Project, in Durban. The project forms part of Vopak’s expansion programme to increase the capacity of fuel storage at its Durban terminal... 

Fluor Chosen for Engineering, Procurement and Construction Management Contract for Vopak Fuel Storage Terminal in Durban, South Africa

     11th December 2017 Fluor Corporation announced today that it was awarded an engineering, procurement and construction management contract by Vopak Terminal Durban (Pty) Ltd. to deliver the Vopak Growth 4 Project in Durban, South Africa. Fluor booked the undisclosed contract value in the fourth quarter of 2017.... 

Cummins To Power Up Middle East Electricity 2018 With Latest Products

     11th December 2017 Cummins will showcase its latest QSG12 genset at the 2018 Middle East Electricity (MEE). This represents a major advantage for Tier 4 Final and Stage IV equipment installations by restoring the envelope size of the QSM11 predecessor used for Tier 3 and Stage IIIA applications. Higher-efficiency... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

WiFi can aid in water crisis

By: Marleny Arnoldi     8th December 2017 During a water crisis, readily available technology, such as the Internet of Things, enabled through WiFi, can be used to apply water management systems throughout a city including monitoring use, pinpointing leaks and curbing excessive use, says wireless solutions provider Ruckus.  

Keystone pipeline Gulf Coast expansion project, Canada and US

By: Sheila Barradas     8th December 2017 TransCanada has petitioned the Nebraska Public Service Commissionthe to reconsider its decision on an alternative route for the pipeline. 

Barloworld board looks to improve capital allocated to leasing assets to improve returns

By: Schalk Burger     7th December 2017 Earthmoving equipment and logistics multinational Barloworld’s board on Thursday announced that it was investigating the capital allocated to leasing assets to further optimise capital allocation into higher-returning opportunities. Various options are currently under consideration in relation to... 

Stratex invests more in Thani Stratex

By: Mariaan Webb     6th December 2017 London-listed Stratex International on Wednesday announced that it would invest another $200 000 in Thani Stratex Resources (TSR), which is exploring for gold in Africa and the Middle East. The investment will increase Stratex’s holding in TSR from 29.8% to 30.1% and forms part of TSR’s share... 

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Positive growth for filtration industry leading to 2022

     1st December 2017 The portable filtration systems market is expected to grow from an estimated $512.6-million in 2017 to $621.4-million by 2022, registering a compound yearly growth rate of 3.93 in this time. Market research company Markets and Markets explains that stringent government regulations, growth in... 

Barloworld puts underperforming logistics unit on notice

By: Irma Venter     1st December 2017 Barloworld may exit its logistics business should it not reach certain milestones by September next year, says CEO Dominic Sewela. Barloworld Logistics is currently the focus of a turnaround strategy under new divisional CEO, Kamogelo Mmutlana, who took control of the business in March. 

China tells Myanmar military it wants closer ties

By: Reuters     23rd November 2017 China wants closer ties with Myanmar’s military to help protect regional peace and security, a senior Chinese general told the visiting head of the southeast Asian country’s army. China and Myanmar have had close diplomatic and economic ties for years, including increasingly in the strategically... 

Danakali board approves dual listing plans

By: Mariaan Webb     21st November 2017 Potash junior Danakali on Tuesday announced its intention to list on the LSE next year, becoming the second ASX-listed exploration and development firm to announce a dual listing in London this week. Danakali said its dual listing, planned for the first half of 2018, was in line with its equity... 

Barloworld will consider logistics exit should unit not meet September targets

By: Irma Venter     20th November 2017 Barloworld may exit its logistics business should it not reach certain milestones by September next year, says CEO Dominic Sewela. Barloworld Logistics is currently the focus of a turnaround strategy under new divisional CEO, Kamogelo Mmutlana, who took control of the business in March. 

Nissan South Africa confident of delivering on long-awaited investment promise in 2018

By: Irma Venter     17th November 2017 Vehicle manufacturer Nissan in 2012 confirmed plans to invest R1-billion in its Rosslyn plant, in Pretoria, to build a new one-ton pick-up, with capacity at the plant to be increased to around 100 000 units a year. Local production of the new model was set to start in 2014. 

Former Rolls-Royce managers plead guilty to US bribery charges

By: Bloomberg     17th November 2017 Two former Rolls-Royce  executives pleaded guilty to US charges that they orchestrated international bribes at the engine maker for more than a decade. The cases, also involving three other individuals, focus on efforts to secure a $145-million contract to power a gas pipeline from Kazakhstan to... 

Nissan SA confident of delivering on long-awaited investment promise in 2018

By: Irma Venter     17th November 2017 Vehicle manufacturer Nissan in 2012 confirmed plans to invest R1-billion in its Rosslyn plant, in Pretoria, to build a new one-ton pickup, with capacity at the plant to be increased to around 100 000 units a year. Local production of the new model was set to start in 2014. 

Ford investing R3bn to expand Ranger production in Silverton

By: Irma Venter     17th November 2017 Ford Motor Company of Southern Africa (FMCSA) is investing R3-billion ($220-million) in expanding Ranger production at its Silverton plant, in Pretoria. The plant builds the Everest sports-utility vehicle and Ranger pickup, with the latter exported to 148 markets. 

Cartrack reaches subscriber milestone

By: Megan van Wyngaardt     15th November 2017 Fleet management, stolen vehicle recovery and insurance telematics services provider Cartrack has reached 700 000 active subscribers, it said on Wednesday. The JSE-listed company attributed the robust subscriber growth to its dedicated workforce focusing on consistent customer engagement and the... 

Offtake partners secured for US gigafactory - Magnis

By: Esmarie Swanepoel     15th November 2017 ASX-listed Magnis Resources has reported that a binding sales agreement has been inked for 40% of the planned production from a planned lithium-ion gigafactory, in New York. Magnis is part of a global consortium which is developing a 15 GWh lithium-ion battery plant in the US. 

IHS Materials Price Index falls for third time in 5 weeks

By: Henry Lazenby     10th November 2017 The materials price index (MPI) from Global Insight by IHS Markit fell by 0.4% last week, its third decline in the past five weeks. While the decline was relatively modest, it was broadly based, with eight of ten sub-indexes falling – the first time since June that a majority of the MPI's... 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Energy-saving guide promotes sustainable mindset industry

By: Nica Schreuder     10th November 2017 International oil and gas company ExxonMobil has recently launched an energy- saving guide for the plastics industry to demonstrate to major companies in plastics how they can better manage their energy consumption. The guide, launched last month, is a practical approach designed to help with... 

400 emergency shutdown valves supplied to Oman petrochemicals project

     10th November 2017 Industrial product supplier Metso supplied 400 industry-leading Neles emergency shutdown (ESD) valves for an ethylene cracker as part of the new Liwa Plastics Industrial Complex (LPIC) project in Oman. The new complex will process light ends produced in State-owned oil company Oman Oil Refineries... 

International distributor adds bearings to selection

     10th November 2017 Last month, international components distributor RS Components, which acts as the trading brand for parts distributor Electrocomponents plc, announced that a significant expansion to its portfolio of available power transmission application had been completed. The company has added components... 

Business process workload and orchestration platform launched in SA

By: Schalk Burger     10th November 2017 Software multinational CA Technologies has launched its Automic One Automation workload, release and orchestration products platform in Southern Africa, says Automic Middle East, Africa and Turkey sales VP Nabil Ben Abdallah. IT systems form an integral part the foundations of every company.... 

SA enterprise catches up with global counterparts on IT security

     7th November 2017 The IT security concerns, challenges and investment by South African enterprises is closely aligned with those of their international counterparts, according to a new global survey by network security specialists Fortinet. “Where as recently as two years ago, South Africa lagged the rest of the... 

Global airline association predicts air passenger traffic to double by 2036

By: Keith Campbell     3rd November 2017 The International Air Transport Association (IATA) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on a average compound annual growth rate... 

Even the smallest economy in oil-rich gulf is too big to fail

By: Bloomberg     2nd November 2017 Its economy is 5% the size of Saudi Arabia’s, but analysts are betting the kingdom won’t let its neighbor’s financial woes morph into a Gulf crisis. Bahrain, one of the most vulnerable economies in the Gulf Cooperation Council to political instability and oil-price swings, sought financial... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Transnet looking abroad for growth as it again pares back South Africa capex 

By: Terence Creamer     30th October 2017 State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years,... 

The Fourth Industrial Revolution is upon us and South African industry must adapt

By: Keith Campbell     27th October 2017 The Fourth Industrial Revolution, or Industry 4.0, is now under way. And there is no way that South African industry can avoid or escape it. Industry 4.0 embraces mobile connectivity, artificial intelligence, Big Data, the Internet of Things (IoT), next-generation robotics, additive manufacturing... 

Rotor blade manufacturing facility officially opens in Tangier

     27th October 2017 Wind turbine components manufacturer Siemens Gamesa Renewable Energy (SGRE) officially inaugurated its new rotor blade factory in Tangier, Morocco, earlier this month, at an event chaired by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid El Alamy, and Siemens... 

The Fourth Industrial Revolution is upon us and SA industry must adapt

By: Keith Campbell     27th October 2017 The Fourth Industrial Revolution, or Industry 4.0, is now underway. And there is no way that South African industry can avoid or escape it. Industry 4.0 embraces mobile connectivity, artificial intelligence, “big data”, the Internet of Things (IoT), next-generation robotics, additive... 

Software giant SAP comes clean on dubious practices in South Africa

By: African News Agency      26th October 2017 Software giant SAP on Thursday said it had voluntarily disclosed its breach of the US Foreign Corrupt Practices Act in relation to allegations its South African operation paid kickbacks to a Gupta-linked company. In a statement on its website, SAP said it has initiated disciplinary procedures... 

Kumba Q3 output down 2% y/y; FY guidance raised

By: Mia Breytenbach     24th October 2017 Anglo American subsidiary Kumba Iron Ore’s production decreased by 2% year-on-year to 11.5-million tonnes for the quarter ended September 30. This was owing to a 7% decrease in the Sishen mine’s production to 7.8-million tonnes, compared with 8.3-million tonnes in the third quarter of 2016. 

MEA manufacturing sector second-most vulnerable to cyberattacks

By: Schalk Burger     20th October 2017 The manufacturing sector was second only to the finance industry in terms of the most cyberattacks recorded in any sector in the Middle East and Africa (MEA) region in 2016, information technology (IT) services multinational Dimension Data’s ‘Global Threat Intelligence Report for 2017’ reveals.... 

New era of disruption

By: Saliem Fakir     20th October 2017 Perhaps the recent multiple attacks of extreme weather – hurricanes Harvey, Irma and Maria – do not only tell us that fierce weather is the new normal, but changes in weather, together with other global shifts and crises, are forcing us to acknowledge that we are moving into an era of greater... 

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