Afrox tables new African expansion plan
Following a presentation to its board of directors this week, gas provider African Oxygen (Afrox) is set to table its new five-year African expansion plan to parent company Linde, of Germany, in September, for approval.
Africa was emerging as a significant growth opportunity, which the company planned to leverage over the next few years, starting with the implementation of the plan in 2014, Afrox CEO Brett Kimber said on Friday.
Despite being active in over 16 sub-Saharan Africa countries for between three to five decades, Afrox had not taken full advantage of its position and would now narrow its focus on fast-growing economies in Africa.
Africa has become part of the “next wave” of opportunities and was central to the group’s future growth, with the benefits of its strategy expected to emerge in about three years.
The African operations contributed nearly 20% to the group’s half-year gross profit after distribution at R155-million. Kimber told Engineering News Online that Afrox would seek to increase the contribution from the African countries in which it operated to 50% in the long term.
The operations outside of South Africa generated revenue of R450-million during the first half to June, a 9% rise on the R413-million contributed during the prior corresponding period.
Further, the company had increased the number of experienced management focused on Africa from “three or four” to over 17.
Over the past six months, Afrox has invested in information technology, delivered increased focus on financial processes and improved its governance controls.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
