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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

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... 

Local company wins boiler export order

By: System Author     14th May 1999 A MULTI-million-rand export order for three specially-designed wood-fired package boilers has been placed with industrial boiler manufacturer John Thompson Africa (JTA) by an East African tea producer. Two of the boilers will be delivered by road to tea estates in Malawi and the third will be... 

Local company clinches R20m truck deal

By: System Author     14th May 1999 DESPITE a decline of some 25% in new truck sales, Iveco SA has clinched a massive deal worth R20-million in one of the biggest export orders of heavy vehicles to Africa to date. The deal, which involves the sale of 39 EuroTrakker 720E42HT and 720E31 truck tractors, was brokered by Hall’s... 

African radiation protection centre set up

By: System Author     14th May 1999 South Africa is set to strengthen its position at the forefront of global radiation protection following a decision by the International Atomic Energy Agency (IAEA), the University of the Witwatersrand (Wits) and the Council for Nuclear Safety (CNS), with strong support from parastatal power... 

In-house hydraulics workshop opened

By: System Author     7th May 1999 Hydraulic-equipment importer Powerforce, of Kempton Park, Gauteng, has opened an in-house hydraulics workshop on the premises of a client, Smith Capital Equipment. “Our client is an original-equipment manufacturer (OEM) of drill-rigs employing hydraulics. “At present our client is... 

Acquisition paves way for exports

By: System Author     7th May 1999 PNEUMATIC specialist Parker Hannifin, of Kempton Park, Gauteng, has bought Global Fluid Power (GFP), a manufacturer of pneumatic cylinders, ISO subplates and directional valves. The company was established ten years ago, and is located in Middelburg, in Mpumalanga. It will form part of the Parker... 

Painting up a storm at Mozambican aluminium smelter

By: System Author     7th May 1999 Various painting and coating contracts for the Mozal aluminium smelter, collectively worth more than R7-million, have been secured by Reef Industrial Painters (RIA) of Alrode, Gauteng. The company, a member of Cape Investments Holdings, a leading black-empowerment industrial services consortium,... 

One of world’s longest conveyors is coated

By: System Author     7th May 1999 Corrosion-resistant coatings for one of the world’s longest mine conveyor systems, provided by South African conveyor fabricator, Lorbrand, have been sandblasted and painted by Robo Blasting, of Germiston, Gauteng. Coatings for the 24 km conveyor, which runs through the Rockies in Colorado... 

SA moves to revamp world dumping rules

By: System Author     7th May 1999 The South African government is still mulling over the possibility of taking the US Commerce Department to the World Trade Organisation (WTO) over its decision to impose countervailing duties on Columbus Stainless earlier this year – the ruling has far-reaching implications for a number of... 

Perpetual motion for South Africa’s biggest-ever automotive export deal

By: System Author     7th May 1999 South Africa has a new golf king – and it is not Ernie Els. The Volkswagen Golf 4 is becoming as South African as Els – from an assembly viewpoint, that is. Awarded to Volkswagen South Africa (VWSA) a year ago, the initial R5-billion export contract to the UK for 68 000 units of these... 

R1,2-billion ‘Disney World’ for Centurion

By: System Author     7th May 1999 Plans are on the map to develop a R1,2-billion theme park in Centurion, Gauteng, which, if implemented, would cap Disney World, Orlando, in the US in size. The first of four phases in the development, called Centurion Wonder World, is a proposed R300-million undertaking which would comprise a... 

Voltage is upped on thriving expansion drive

By: System Author     30th April 1999 Medium-voltage (MV) specialist Marqott Holdings is conducting a thriving expansion drive, which is the culmination of more than 12 years experience in the industry. A contributing factor to this initiative is the fact that, through its subsidiary Marqott Power Industries, Siemens awarded the... 

R20m mast contract a towering success

By: System Author     30th April 1999 Electrification-mast manufacturer Dorbyl Structural Products (DSP), of Vereeniging, Gauteng, has had great success with its patented 259 series masts, which it has supplied to Eskom for the last four years in a contract valued at about R20-million a year. The company designed and developed the... 

British tank passes trial

By: System Author     30th April 1999 THE British Army’s new main battle tank (MBT), Challenger 2, has exceeded demanding reliability targets during a series of rigorous trials which tested the performance of the tank under battlefield conditions, the British Ministry of Defence has announced. Challenger 2 is a strong contender... 

Banking on R7,5m power-supply project

By: System Author     30th April 1999 Uninterruptible power supply (UPS) manufacturer and supplier Meissners, of Isando, Gauteng, is entering phase two of a R7,5-million project for the supply of two 400 kVA UPSs to leading local banking group Nedcor. The first unit was installed at the bank eight months ago, and has since undergone... 

SA pumps industry is flowing together

By: System Author     30th April 1999 The need to export against strong, highly-competitive companies abroad is necessitating consolidation in the South African pump industry, reports Howden Pumps MD Dawie Swart. With the economy in recession, South African pump manufacturers are having to grow their sales in countries where they... 

New lamp plant brightens up Western Cape

By: System Author     30th April 1999 A PLANT manufacturing energy-saving lamps destined for South Africa’s export market has been opened at the Capricorn Technology and Industrial Park in Muizenberg. GB Lamp (SA), formed by a leading European lighting manufacturer in association with the Industrial Development Corporation, is... 

Continued evolution of local pump supplier

By: System Author     30th April 1999 Continuity of supply of high-quality pumps and the ongoing dissemination of technical information to the local groundwater industry is assured following the establishment of Evolution Pumps at the beginning of the year. Formerly the borehole-pump division of Horma Pumps, it is now a company in... 

Tax holiday U-turn

By: System Author     30th April 1999 THE South African government has dropped its controversial tax holiday incentive for investors in favour of a lower across-the-board company tax regime and a more ‘sophisticated’ package of support measures, Trade and Industry Minister Alec Erwin has confirmed. In some cases these... 

New R20m textile plant for Gauteng

By: System Author     23rd April 1999 A new R20-million textile factory has been commissioned in Centurion, Gauteng. In a joint venture known as Korteks Textiles Africa, Turkish industrial giant Zorlu Holdings and local textiles producer Zayd Tayob constructed a plant with equipment said to be unique in Africa, including two... 

R50m-worth of SA-made transformers destined for Nigeria

By: System Author     23rd April 1999 A R50-million order for the supply of 21 power transformers totalling 1 140 MVA for installation at various substations within Nigeria has been awarded to South African transformer manufacturer ABB Powertech Transformers by the Nigerian Energy Power Authority. All 21 transformers are scheduled to... 

SA studies second iron-ore rail line

By: System Author     16th April 1999 South Africa is studying the possibility of creating a second iron-ore rail line from Sishen in the Northern Cape to the as-yet-undeveloped Coega harbour near Port Elizabeth. If implemented, it would lift overall ore exports to 38-million tons a year from the Northern Cape mines, and offset the... 

SA tackles skeletons in its fume cupboards

By: System Author     16th April 1999 A lack of regulation in the South African laboratory equipment industry has created serious problems in several State and private facilities. An estimated 30% of fume cupboards operational in South Africa are substandard at present. Ranging from instances in which employees have been exposed to... 

R110-million lignosulphonate plant for Kwazulu-Natal

By: System Author     16th April 1999 A R110-million plant which will produce 55 000 t/y of lignosulphonate for export, has been opened at Umkomaas, on the Kwazulu-Natal south coast, by chemical cellulose pulp producer Sappi and international chemicals company Borregaard. Known as LignoTech South Africa, the plant is an... 

Industrial opportunities in Peru

By: System Author     16th April 1999 PERU is a country with an underdeveloped industrial sector. “Industry was developed here, but with so many subsidies that, when the government opened the economy, local companies couldn’t survive the foreign competition,” reveals Banco de Credito del Peru corporate banking head... 

Exports stretch SA ports capacity

By: System Author     16th April 1999 Transport report Moving South Africa (MSA) has identified ‘significant problems’ with the alignment of local freight transport, especially with regard to its capacity to support the country’s value-added export strategy. In particular, the restructuring of South Africa’s... 

New bidder for fixed-line network no 2

By: System Author     16th April 1999 Telecom provider to Transnet, Transtel might become a legal entity in its own right by the end of the year, Transtel transmission networks CEO Michael Nuttall tells Engineering News. “If we are to become involved in a second fixed-line telecom network, we will have to become a legal entity... 

EU: Now it’s time to meet the challenge

By: System Author     9th April 1999 Not only opportunities, but also numerous challenges have been created for South Africa through the conclusion of the trade, development and co-operation agreement with the European Union (EU) – it is now imperative that trade and industry members familiarise themselves with the... 

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