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Press Office - Lucchini South Africa

Lucchini South Africa


Lucchini South Africa, subsidiary of Italian manufacturer of forged railways products, Lucchini RS, was established in 2016. Significantly, Lucchini RS was the first international manufacturer of forged wheels to localise part of the wheel manufacturing in South Africa. Forged wheels are sent from Italy to a well-equipped machining facility in Germiston, Gauteng, where the equipment and processes utilised are the same as those used across the Lucchini RS Group, maintaining high quality standards.
 

Topic

Legislative framework for SOEs inadequate – Maswanganyi

By: Anine Kilian     23rd June 2017 South Africa’s transport industry is not immune to the challenges faced by State-owned enterprises (SOEs), according to Transport Minister Joe Maswanganyi, who told a media briefing on Friday that the legislative framework for SOEs in South Africa was inadequate, conflicting and duplicitous.... 

Drive supplier remains committed to continent

By: Nadine James     23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... 

Infrastructure development key to accelerating growth, Gama avers

By: Mia Breytenbach     23rd June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, earlier this month, he... 

Italian forged railway products group makes R200m SA investment

By: Irma Venter     23rd June 2017 Italian forged railway product manufacturer, Lucchini RS, in June officially opened its new manufacturing facility in Germiston, Ekurhuleni. The R200-million investment sees the company evolve from importer into local manufacturer. “Having actively traded forged railway wheels and axles in South... 

The story behind the partial restart of Highveld Steel 

     22nd June 2017 There are some signs of life at the vast Highveld Steel complex, in Mpumalanga, where all production at was halted in 2015 after the country’s second-largest steelmaker was placed into business rescue. 

Resgen draws down Noble facility, progresses funding talks

By: Natasha Odendaal     21st June 2017 JSE- and ASX-listed Resource Generation (Resgen) has confirmed the payment of $2.74-million through its second drawdown under the extended facility agreement with Noble Resources International, while work continues to secure project funding. In March, Resgen obtained an extension of its... 

Transnet denies claim that no CSR locomotives made in South Africa 

By: Terence Creamer     21st June 2017 State-owned freight logistics group Transnet has described as “inaccurate” the claim that none of the locomotives procured from China South Rail (CSR) have been manufactured locally. Research commissioned by independent economic research institution Trade and Industrial Policy Strategies (TIPS)... 

Ansys outperforms in tough FY17

By: Natasha Odendaal     21st June 2017 AltX-listed Ansys celebrated a successful turnaround, its thirtieth year in operation and its tenth year as a listed company with a surge in earnings in what CEO Teddy Daka described as an exceptional 12 months to March 31. The technology-based solutions company had registered a second... 

Western Areas sees production at top end of guidance

By: Esmarie Swanepoel     21st June 2017 Nickel miner Western Areas expects its full-year production to be at the top end of its guidance, following a strong second half. The miner expects to produce between 25 000 t and 26 000 t of nickel in ore, and between 22 000 t and 23 00 t of concentrate. 

Champion seals long-term rail transport pact

By: Henry Lazenby     20th June 2017 Quebec-based project reviver Champion Iron has attained another milestone in its endeavours to restart mining at the high-grade Bloom Lake iron mine, after its subsidiary Quebec Iron Ore (QIO) reached an agreement with the Quebec North Shore and Labrador Railway Company (QNS&L) to transport... 

Busiest project bidding period ever – ELB

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Leading Edge hits significant lithium, tantalum in Sweden

By: Henry Lazenby     20th June 2017 Junior explorer Leading Edge Materials will immediately launch a follow-up drilling campaign at its Bergby lithium project, in Sweden, after its most recent drill campaign returned “strongly positive” intersections of two new near-surface targets that exceed 16 m in thickness at greater than 1%... 

GE signs $575m agreement to supply locomotives to Egyptian National Railways

By: Anine Kilian     19th June 2017 General Electric (GE) has signed a letter of intent with the Egyptian Ministry of Transportation (MoT) and Egyptian National Railways (ENR) to supply ENR with 100 GE ES30ACi Light Evolution Series Locomotives. The $575-million deal also includes technical training aimed at improving the... 

Africa should embrace private sector infrastructure investment

By: Irma Venter     19th June 2017 The public sector in Africa should understand and nurture the idea that increased private sector investment in infrastructure is the best way to achieve “intense job creation”, and to incentivise funding and skills transfer, says Nigerian Society of Engineers infrastructure and public-private... 

Gigaba announces ministerial meeting on economy, says fiscal consolidation will stay

By: African News Agency      16th June 2017 President Jacob Zuma has called a meeting of key ministers in a fortnight to devise a strategy to spur the South African economy out of recession, Finance Minister Malusi Gigaba said on Thursday. “The president has stressed the urgency of a co-ordinated response, and is convening a full-day... 

New Russia sanctions impact muted even as energy shares sag

By: Bloomberg     16th June 2017 For investors in Russia’s energy and metals sectors, the US Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain. The Senate bill proposes adding restrictions to banks’ and energy companies’ ability to raise capital, and... 

Cliffs picks Toledo site for first hot briquetted iron plant

By: Henry Lazenby     16th June 2017 US iron-ore producer Cliffs Natural Resources has chosen Toledo, Ohio as the site to develop its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market. Cliffs advised that it is currently in... 

Funding a thorny issue as Gautrain boss pushes for 150 km network expansion

By: Irma Venter     16th June 2017 Gauteng faces large-scale urbanisation pressure, says Gautrain Management Agency CEO Jack van der Merwe. “Around 547 people arrive in the province every day. At this rate, Gauteng’s population will far exceed 19-million people in 2037. Current population is around 13.5-million people. 

Funding a thorny issue as Gautrain boss pushes for 150 km network expansion

By: Irma Venter     15th June 2017 Gauteng faces large-scale urbanisation pressure, says Gautrain Management Agency (GMA) CEO Jack van der Merwe. “Around 547 people arrive in the province every day. At this rate, Gauteng’s population will far exceed 19-million people in 2037. The current population is around 13.5-million people. 

Mundoro Capital focusing on copper, gold exploration in south-eastern Europe

By: Ilan Solomons     15th June 2017 Mineral exploration and investment company Mundoro Capital is focused on providing value for its shareholders through the exploration work it is undertaking on its copper and gold projects in Serbia and Bulgaria. Mundoro CEO Teo Dechev highlights that the company’s projects are located on the... 

Africa’s rail development key to growth in intra-Africa trade

By: Natasha Odendaal     14th June 2017 A lack of efficient rail infrastructure and a rail “disconnect” were inhibiting dealings within the continent and contributing to struggling intra-African trade growth, Common Market for Eastern and Southern Africa-Alliance for Commodity Trade in East and Southern Africa trade and market director... 

Funding a thorny issue as GMA pushes for Gautrain expansion  

     14th June 2017 Creamer Media's Chanel de Bruyn speaks to Creamer Media Senior Deputy Editor Irma Venter about the Gauteng Management Agency’s proposed plans to expand the Gautrain rail service in Gauteng and how this could be funded. 

‘Not one’ CSR locomotive made in South Africa, economic research group claims 

By: Terence Creamer     14th June 2017 Research commissioned by independent economic research institution Trade and Industrial Policy Strategies (TIPS) has found that, despite local-content obligations, not one of the China South Rail (CSR) locomotives being procured by Transnet has been assembled in South Africa and that all have... 

General Electric bets big on digital

By: Natasha Odendaal     13th June 2017 While the industrial ecosystem lags the productivity gains seen in the consumer economy as a result of digital disruption, General Electric (GE) is betting its future on digital industrial transformation and the powerful gains that will emerge from fully leveraging what the Internet of Things... 

Old school coal dealmaking nears end as Nippon flags new system

By: Bloomberg     13th June 2017 Japan’s lead negotiator on metallurgical coal contracts with global miners has sounded the death knell on a decades-old practice of setting prices after volatility whipped up by an Australian cyclone and China output cuts roiled markets. Nippon Steel & Sumitomo Metal Corp. will shift to buying... 

UN sanctions on N Korea coal exports to hurt 2017 export earnings

By: Henry Lazenby     9th June 2017 Sanctions imposed by a 2016 resolution of the United Nations (UN) Security Council in retaliation for unauthorised nuclear tests by North Korea, will probably see the rogue East Asian country’s coal exports fall to a third its value five-year average. Analysis by the US Energy Information... 

Transnet sets up special review committee as locomotive-contract heat is turned up

By: Terence Creamer     9th June 2017 State-owned freight logistics group Transnet has established a special committee to review the company’s procurement processes, with a specific focus on the locomotive acquisition programme. The programme, and specifically the procurement of 359 electric locomotives from China South Rail (CSR),... 

Sunrise Energy liquefied petroleum gas import terminal, South Africa

By: Sheila Barradas     9th June 2017 One of two international traders has discharged 2 450 t of liquefied petroleum gas through Sunrise’s Saldanha Bay terminal, in the Western Cape. 

No response from Mozambique to Coal India’s plea for new block

By: Ajoy K Das     8th June 2017 After relinquishing its exploration blocks in Mozambique in September last year, Coal India Limited (CIL) has submitted a new proposal, but has not had any feedback from the African nation. “A request had been made to the government of Mozambique for allocation of a new coal block for exploration... 

Creamer Media announces special offer on real economy research portal

     7th June 2017 Creamer Media has announced a special offer on its well-respected research portal Research Channel Africa. Research Channel Africa offers unparalleled access to intelligence on industry and mining in South Africa and the wider African continent. 

Africa’s railways: A multibillion dollar industry

     7th June 2017 An efficient and effective transport system is essential to the success of any economy and Africa is no exception. From freight to passenger, Africa’s railway systems holds the key to the continents’ development. We are seeing this in some of the world’s fastest growing economies, who call Africa... 

Greenpeace dismisses Adani’s mine decision as ‘stunt to grab public funds’

By: Esmarie Swanepoel     7th June 2017 Environmental groups have labelled the $16.5-billion Carmichael coal and rail project a “disaster” for local communities and have dismissed Indian developer Adani’s development decision as an “empty public relations (PR) stunt”. Adani on Tuesday announced a positive final investment decision... 

Junk status impact on construction industry widely exaggerated

     6th June 2017 Dentons SA discusses the real effect of junk status on SA’s construction industry There has been highly publicised, widespread concerns about how South Africa’s downgraded status by international agencies will affect the local construction sector. Fears of non-payment, rising credit costs and a... 

Deputy finance minister dismisses report of graft

By: Reuters     6th June 2017 Deputy Finance Minister Sfiso Buthelezi said on Tuesday he was dismayed by a media report alleging he improperly benefited from tenders during his time as chairperson of the state-owned rail services company. Allegations of government corruption have escalated this week after local media began... 

Adani gives go-ahead for $16.5bn coal mine in Queensland

By: Esmarie Swanepoel     6th June 2017 Indian major Adani has pulled the trigger on the $16.5-billion Carmichael coal and rail project, in Queensland, announcing a positive final investment decision (FID) just days after striking a tax deal with the state government. “I am proud to announce the project has FID approval which marks... 

TFR introduces new customer-centric apps

By: Megan van Wyngaardt     5th June 2017 Transnet Freight Rail (TFR) is introducing three digital business solutions to enhance its business and customer relations. Through Transnet Online, the parastatal seeks to unlock digital value. Formerly known as R2R, Transnet Online is available for customers to download from Google Play and... 

Industrialisation, infrastructure development to accelerate economic growth – Gama

By: Mia Breytenbach     5th June 2017 Industrialisation and the provision of infrastructure will accelerate Africa’s economic growth, says State-owned logistics provider Transnet CEO Siyabonga Gama. Speaking at the International Heavy Haul Association (IHHA) Conference promotion breakfast, in Johannesburg, on Monday, he highlighted... 

Major Transnet Freight Rail mineral mining, chrome maintenance shut

By: Martin Creamer     5th June 2017 Transnet Freight Rail will embark on a seven-day shutdown in the Mineral Mining & Chrome (MMC) area of operation from June 5 to 11. This year’s affected areas include Witbank, Nelspruit, Koedoespoort, Swaziland, Maputo, Empangeni and other lines tapping into Transnet Port Terminals and Transnet... 

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