Rare Holdings buys into HDPE manufacturing plant


Rare Holdings CEO Wally van Coller
Rare pipe manufacturing division MD Tony Dean
JSE-listed Rare Holdings has undertaken its first venture into the manufacture of high-density polyethylene (HDPE) pipes by acquiring a manufacturing plant from an undisclosed party for R30.9-million.
The piping and related products distributor and services provider said on Wednesday that the group had signed a deal that would see it buy out a manufacturing plant, fixed assets and property in Meyerton.
“This acquisition will improve Rare’s competitiveness in offering piping solutions to the industry by supplying a turnkey service, ranging from manufacturing through installation and maintenance,” Rare Holdings CEO Wally van Coller said in a statement.
The latest addition would enable Rare Holdings to manufacture HDPE pipes up to 1 000 mm in diameter for the mining, infrastructure, agricultural and industrial markets, significantly strengthening the group’s position as a major manufacturer, distributor and service provider of piping and related products, covering the entire fluid conveyance cycle locally and in sub-Saharan Africa.
The new piping manufacturing venture would trade under the name Rare Plastics and would be headed up by newly appointed pipe manufacturing division MD Tony Dean.
The company’s main activities would remain in Kliprivier, while Rare Plastics would launch a range of products from its Meyerton operations.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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
















