10 Jan 2012

Manufacturing

 

2012 is going to be a GOOD year!

There's a great deal happening in all sectors of the economy, and we at Bizcommunity.com intend bringing to you as much of the news as we can throughout 2012, across all sectors.

We have already launched the first of our new verticals and now we plan to get busy enlarging our team and launching even more verticals in due course. We will also, as we build our team and capabilities, look at increasing the frequency of our newsletters - let's face it, some news just cannot wait!

To you, our subscribers, thank you for your support in the past and we look forward to your support in the future.

Don't forget, we encourage comment on the articles we publish. Naturally, we hope most of the comments will be bouquets, but send us your feedback regarding our material, even if you feel you want to give us a brickbat.

In the meantime, all the best for 2012: may you achieve every success.

Rod Baker, general manager: content

Submit your company news to manufacturingnews@bizcommunity.com. Exclusive contributions may be sent to contributors-manufacturing@bizcommunity.com.

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Editorial news

Manufacturing


AV Birla Group eyes Lafarge SA
Rediff.com reports that Lafarge SA is restructuring its global operations through a series of asset sales to deleverage its balance sheet which has over €14.3 billion of net debt. Three independent sources told Rediff.com that the US$35 billion cement-to-retail Indian conglomerate Aditya Birla Group has turned its attention to the cement operations of Lafarge in South Africa for a possible buyout. Read more >>

Euro Zone debt crisis threatens car export growth
IOL reports that one of the biggest threats facing the new vehicle manufacturing industry this year is that the ongoing debt crisis in the Euro Zone - a major destination for South Africa's vehicle exports, would lower further the already depressed volumes in production of new vehicles. Read more >>

Manufacturing buoys stocks, metals, pushes rand
Bloomberg reports that the rand advanced to its strongest level against the dollar in almost a month as signs of improving manufacturing output around the world boosted commodities and equities. South Africa's currency, the worst performer last year among 12 major currencies on Bloomberg, appreciated as much as 0.5 percent and traded 0.4 percent higher at 8.0412 as of 1.40pm in Johannesburg, its strongest level since 7 December 2011. Read more >>

R670m Durban food plant, a green first for Unilever
Engineering News reports that a new R670-million savoury foods factory in Riverhorse Valley, Durban, which was officially opened by Anglo-Dutch multinational Unilever in December, has been hailed by Trade and Industry Minister Dr Rob Davies as the single largest manufacturing investment in South Africa since the 2010 FIFA World Cup. Read more >>

Manufacturing


SA crude steel production falls 13.7%
South African crude steel production fell 13.7% year on year in November to an estimated 550 000 metric tons, latest figures from the World Steel Association reveal. Read more >>

Nampak packing for Africa
Andrew Marshall had a clear strategy when he took over as Nampak's CEO in March 2009. He was tasked with putting SA's biggest packaging company back on a growth path, a path it wandered off a decade earlier. His approach was simple: if underperforming business units can't be fixed sell them or close them down. Read more >>

Airbus coughs up R3,5-billion to Armscor
After years of contractual disputes, Airbus has refunded Armscor R3,5-billion on the aborted deal to buy eight A400M transporter planes, according to a Times Live report. Read more >>


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Government
Eskom warns of rolling power cuts
South Africans have been urged to use electricity sparingly and switch of all non-essential appliances as Eskom warns of possible electricity load-shedding that could last until March. Read more >>

More Government news...


Motoring
Bajaj launches new ultra-low-cost car
NEW DELHI, INDIA: Indian manufacturer Bajaj Auto unveiled an ultra-low-cost car on Tuesday 3 January, its first foray into the four-wheel market, pitching the vehicle as a solution to urban pollution and congestion. Read more >>

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