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Press Office - ECIC

ECIC

ECIC is a self-sustained, state-owned national export credit agency. The Corporation is a registered financial service provider and regulated by the Financial Services Board (FSB). To be at the leading edge of medium/long term export credit and investment insurance business, with specific focus on project finance underwriting, customer needs, and prudent portfolio and risk management. To facilitate and encourage South African export trade by underwriting export credit loans and investments outside the country, in order to enable South African contractors to win capital goods and services' contracts in other countries.

Topic

Innovative techno for jetty construction

By: System Author     11th June 1999 PILING for the new dry bulk terminal jetty at Richards Bay, part of the third export expansion project, has been constructed using technology never before seen in a South African marine application. It involved the use of an environment-friendly polymer drilling fluid which poses no threat to... 

Steel under pressure

By: System Author     11th June 1999 STEEL export markets have been under severe pressure as a result of the drop in demand in the Far East and large-scale dumping of surplus production particularly by Japan, Korea and ex CIS countries. US dollar export prices in respect of hot-rolled coil have now reached the level of US$180 (Fobs)... 

Second large toll-road project revs up

By: System Author     11th June 1999 The second of three large toll-road projects being pursued in South Africa is approaching implementation stage. The N3 toll concession contract has been signed between the South African National Roads Agency (NRA) and the consortium chosen to fulfil the contract, N3 Toll Concession (N3TC) –... 

New wine cellar taps into exports

By: System Author     11th June 1999 Durbanville Hills wine cellar, which will release its first wine in September this year, is geared to produce about 6,5-million litres of wine a year for export and local markets. Situated on the north-western slopes of Tygerberg in one of the country’s top three wine regions, the wine... 

Moves to drive catalytic converters further

By: System Author     11th June 1999 Producers of one the main components of a catalytic converter, the ceramic substrate, have been approached by members of the South African catalytic converter industry, together with the Catalytic Converter Interest Group (CCIG), Department of Trade and Industry (DTI), and the Stainless Steel... 

Fly ash producer is one of world’s largest

By: System Author     4th June 1999 Producing 1,2-million tons of fly ash a year from three plants based at Eskom’s Matla, Kendal and Lethabo power stations, Ash Resources is one of the world’s largest, GM Bert Dijkema tells Engineering News. Fly ash is used as a partial replacement (or extender) for cement in concretes... 

Prototype wagon for R600m contract

By: System Author     4th June 1999 A world leader in heavy-haulage transport Spoornet will be exhibiting a prototype at Africa Rail ’99 used to develop a wagon that has resulted in a supply contract to Sweden totalling potentially more than R600-million. “The contract was awarded to us in February last year by Swedish... 

Black-owned vineyard seeks partners

By: System Author     4th June 1999 SOUTH Africa’s first black-owned vineyard is looking for partners to help it build its own cellar and bottling plant to the tune of R20-million. New Beginnings Wine Farm spokesperson Victor Titus reports that at present the vineyard makes use of the Nelson’s Creek cellar.... 

Materials-handling firm bats a half-century

By: System Author     4th June 1999 Materials-handling company Mannesman Dematic celebrated 50 years of successful and growing business in South Africa at its premises in Boksburg last month. The local operation is part of the world’s largest materials-handling company and specialises in cranes and handling equipment,... 

South Africa must dance to competitiveness drum – Erwin

By: System Author     4th June 1999 The only way South Africa would create jobs was by restructuring its economy and becoming internationally competitive, stated Trade and Industry Minister Alec Erwin at a press function in May. “To become internationally competitive, South Africa requires a new strategy and a new form of... 

Lack of unity drags out export councils

By: System Author     4th June 1999 South Africa’s unco-operative culture is dragging out the process of forming export councils in the textiles, clothing, chemical products, plastics, furniture and food product industries. Capital Equipment Export Council (CEEC) manager Sybil Rhomberg tells Engineering News that the only... 

SA-made bearings destined for Morocco

By: System Author     4th June 1999 Following the launch, in November last year, of the Timken IsoClass Metric Bearings, the first export order for these bearings has been placed with Timken. Valued at about R2,5-million, the order was placed by SRM of Casablanca, Morocco. This order also represents the first placed on Timken South... 

R1-million-worth of export orders secured

By: System Author     28th May 1999 PROCESS and packaging specialist Accutech Weighing Services has secured export orders worth about R1-million over the last six months for its products to Botswana, Lesotho, Mozambique, Namibia, Kenya Swaziland and Britain. “These orders, along with increasing local demand for Accutech... 

Progress on water project flows on

By: System Author     28th May 1999 Electrical installations on various pumpstations and treatment plants on the estimated overall US$350-million North–South Carrier water project in Botswana is being executed by Johannesburg-based turnkey electrical projects company RBF Engineering. Work comprises a network of four... 

A leading pioneer celebrates 100 years

By: System Author     28th May 1999 leading supplier of equipment in the field of electrical and electronic engineering, including motor control centres (MCCs), celebrates its hundredth anniversary this year. The year has also brought a change in the names of group companies worldwide from the previous name of Klockner Moeller.... 

First octene from R369-million plant

By: System Author     28th May 1999 The first shipment of octene from Sasol Alpha Olefins’ new R369-million, 48 000 t/y octene plant in Secunda, Mpumalanga, was expected to reach customers in Europe, the US, Argentina and Thailand this month. The plant, which reached full production in March, produces high-purity octene from... 

KZN rug factory targets US textile market

By: System Author     28th May 1999 Textile producer Lotus 2000 is to implement a R24-million working capital investment to cover its latest expansion, which is aimed at expanding its export profile in the US and Japanese markets. The expansion includes the purchase of two new looms at a cost of R6,5-million each, in addition to... 

South African flowers blooming in Europe

By: System Author     28th May 1999 Exports of indigenous flowers and plants to Europe are increasingly offering new opportunities to the South African flower industry. In addition to the R204-million-worth of fresh cut flowers and foliage exported from South Africa every year – mainly to the Far East – protea exports... 

Iron-ore line No 2 is being investigated

By: System Author     28th May 1999 State rail corporation Spoornet is amenable to assessing the possibility of reopening its rail infrastructure from the Northern Cape down to the Eastern Cape for the export of iron-ore through the proposed Coega harbour. Transnet deputy MD and Spoornet head Mafika Mkwanazi says it remains... 

SA textile sector sews up its frayed edges

By: System Author     28th May 1999 Boasting a massive R4,5-billion re-equipping since 1995, the South African textile industry is showing signs of a long-awaited turnaround in its fortunes. This is the word from Textile Federation executive director Brian Brink who states, “we have gone through a big jolt of investment,... 

Mining enterprise reinvents its role in SA

By: System Author     28th May 1999 From a modest contributor to the profits of the Sasol group, Sasol Mining has reinvented itself as a valuable mining enterprise after committing itself to a series of new initiatives to improve its people, technology, quality, safety, environmental performance and cost-management further, reports... 

Nigerian project is well on track

By: System Author     28th May 1999 Front-end engineering of the natural-gas-to- liquid-fuels joint venture between Sasol and Chevron in Nigeria is expected to start as early as the third quarter of this year following the completion of the feasibility study in March, reports Sasol Synfuels International (SSI) business development... 

South Africa must focus on niche markets

By: System Author     21st May 1999 Looking for niche mar- kets, and not trying , to be all things to all people, is the advice of copper busbar and bustube fabricator Pereyton Engineering MD Peter Bonnett to the local copper industry. He speaks from almost 16 years of experience in the industry and having managed the... 

Big acquisition to restructure brass market

By: System Author     21st May 1999 There are several rumours in the copper industry concerning copper and copper-alloy semis manufacturer Copalcor, of Wadeville, Johannesburg, Engineering News can today report. The company is reported to be in the final process of being acquired from Haggie by a consortium led by Gold Circle... 

Large scrap exports must be curbed – call

By: System Author     21st May 1999 The Non-Ferrous Metal (NFM) Works, of Durban, claims to be the largest integrated copper and copper-alloy extrusion mill in South Africa. The company is in its fifty-second year of existence, and has developed a good marketing name for itself for product consistency, which has resulted in ongoing... 

R7-million refrigeration export order secured

By: System Author     21st May 1999 JOHANNESBURG company Masterfridge has secured a R7-million export order for refrigerators and freezers from the UK’s HI group. Products to be exported cover the entire Fridge Master range and comply fully with British Standards Institute and South African Buruea of Standards specifications.... 

South African company wins Greek export orders

By: System Author     21st May 1999 LOCAL company Bosal Automotive has secured orders from Nissan and Hyundai original equipment (OE) manufacturers in Greece for the supply of its Brospeed high-performance exhaust systems. The systems, which will be used in high-performance sports vehicles, can deliver between an 8% to 12% increase... 

Platinum mine awards R350 000 contract

By: System Author     21st May 1999 A contract valued at R350 000 for the supply of more than 400 ball and butterfly valves has been awarded to Invincible Valves, of Knights, Gauteng, by project engineer Down Reynard and Associates on behalf of Kroondal Platinum. The company, which has a stated preference for locally-manufactured... 

Thai and Taiwanese markets beckon

By: System Author     21st May 1999 South Africa’s international missions, particularly those in the Middle East, need to do a more effective job of marketing South Africa as an advanced and developed country if export breakthroughs are to be made in the region, says Gunric Valves marketing director Mark Wilson. “A... 

R2,5m valve contract for big diamond mine

By: System Author     21st May 1999 R2,5-million con- tract for the supply of a range of valves for the Orapa 2000 upgrade at the Debswana diamond-mine in northern Botswana has been completed by valve manufacturer Insamcor, of Sebenza, Gauteng. Orders have been placed since February last year, and full commissioning of the plant... 

Company ups exports to the Pacific Rim area

By: System Author     21st May 1999 Exports are at the top of the agenda for valve manufacturer Ainsworth Engineering, of Robertsham, Gauteng, with its marketing division taking a co-operative and proactive stance in the fight to bolster output volumes. Emperor Gold Mines’ Fijian operation is the recipient of the... 

R7m expansion for vehicle brake maker

By: System Author     21st May 1999 The largest brake manufacturer in Africa, Girlock, will embark on a R7-million expansion project next year, spurred by positive expectations in future local market demand and several export orders. The company expects that one of its largest clients will soon follow the strategy of BMW and... 

Fishing for specialised valves

By: System Author     21st May 1999 The introduction of proportional valve technology into its South African product range by Danish valve manufacturer Danfoss has boosted sales in its valve division tenfold in the last 18 months, reveals Danfoss marketing manager Paddy Hodgson. “The introduction of the range of valves, along... 

Mast manufacturer wins R70m contract

By: System Author     21st May 1999 The largest slice of a major telecommunications infrastructure project has this month been awarded to East Rand company P&D Engineering. Fifty per cent of the mast-manufacturing contract for Telkom – valued at between R40-million and R70-million a year over three years – will be... 

Bioguard valves for Canada

By: System Author     21st May 1999 AN order from Canada for investment-cast bioguard valves has further boosted the growing export book of Rely Precision Castings. MD Peter Leach says the order, received from a leading company from Montreal, was based on the quality and accuracy achieved by the foundry using the investment-casting... 

Local valve makers are urged to go global

By: System Author     21st May 1999 Local valve manu facturers need to become world-class if they are to survive and grow, Vent-O-Mat marketing manager Allistair Balutto tells Engineering News, producing figures to prove that the company has ‘put its money where its mouth is’ – export-derived revenue is up to 60%,... 

Global crisis tarnishes local industry’s shine

By: System Author     21st May 1999 What is the current state of the copper, brass and bronze industry? Things are fairly depressed – much in line with the economy of the country, but there are interesting opportunities on the horizon. Much of the market for copper and its alloys is related to the building and construction... 

Africa’s first private-equity RDP fund a success

By: System Author     14th May 1999 To date, the South Africa Infrastructure Fund has invested in, or has committed to invest in, seven reconstruction and development programme (RDP)-related projects totalling R250-million, reports MD Philip Chen. The first private-equity infrastructure fund of its kind in Africa, the fund was... 

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