https://www.engineeringnews.co.za

Acquisition in line with expansion plan

METICULOUS Condra is involved in projects with highly specialised machinery and equipment that requires time to ensure quality and durability

MAINTAINING RESPONSIBILITY Condra aims to conduct business honestly and diligently

15th April 2016

By: Malusi Mkhize

journalist

  

Font size: - +

Crane manufacturer Condra in February became the majority owner of Cape Town-based crane manufacturing company BB Cranes. The acquisition is the culmination of a long-standing relationship spanning more than 22 years and is in line with Condra’s expansion plan.

“We feel that BB Cranes is one of the few companies in the Western Cape market that has a good form of integrity,” says Condra MD Marc Kleiner.

He says that Condra’s decision was prompted by the fact that BB Cranes shares a similar business ethos of conducting its business with honesty and diligence.

“They have an important market share in the Western Cape and are also involved in export projects, which suits Condra, as we are an export-driven company,” notes Kleiner, adding that BB Cranes has exported to Mauritius, Namibia and the UK.

Initially, Condra wanted a company with sufficient integrity as a black economic empowerment partner.

Kleiner mentions that the acquisition of BB Cranes also comes at a time when the company is looking to expand and align itself with other companies that share similar business ideologies. These include having responsibility to both the market and the environment in which a business operates.

He further tells Engineering News that Condra is in negotiations to acquire majority ownership of an offshore company.

That – coupled with the three companies in Johannesburg, and BB Cranes in the Western Cape – expands the Condra group to a total of nine companies, five of which are overseas

.

However, Kleiner highlights that he does not want the company to hastily grow into just a profit-driven conglomerate that simply mass-produces products for the sake of money.

“We are involved in highly specialised machin-ery and equipment that require extensive time to ensure quality and durability. “A lot of our competitors in China and Europe are massively sized operations that have become geared and are in debt – that is not what I want for Condra.”

Kleiner acknowledges that maintaining a small size is difficult, but that, in his experience, companies that grow exponentially collapse just as quickly.

“It is better to first develop infrastructure that can support our products globally. This can only be achieved by developing a reputable and respectable company distribution network that supplies reputable and robust products,” he explains.

In the next two to three years, Condra plans to finalise the establishment of an offshore production facility, while the company’s five-year plan includes growing its global footprint.

Current Projects

Kleiner says that Condra is currently reviewing designs of tank-house cranes for mining and metals company Konkola Copper Mines, in Chingola, Zambia, and has submitted quotations for the upgrading of the cranes.

“These are particularly fast cranes, as they use a double-hook system. “We had initially supplied the cranes to multinational mining company Anglo American when it owned the mine. “However, following the mine being bought by an India-based conglomerate, it is being upgraded and the cranes will be upgraded to 8 t from 5 t.”

Early this year, Condra also built and delivered two 70 t bridge-spanning cranes to copper and cobalt miner Mopani Copper Mines, also located in Zambia. The company also supplied headgear cranes and is currently building four crusher maintenance cranes for Mopani.

Edited by Zandile Mavuso
Creamer Media Senior Deputy Editor: Features

Comments

Latest News

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.302 0.357s - 144pq - 2rq
Subscribe Now