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Cleveland-Cliffs delivers 171% y-o-y increase in earnings a share

By: Marleny Arnoldi     Updated 7 hours ago NYSE-listed Cleveland-Cliffs has increased its earnings a share from continuing operations by 171% to $0.76 apiece for the quarter ended June 30, compared with $0.28 apiece in the second quarter of 2017. The company on Friday reported consolidated revenues of $714-million, compared to the prior... 

AfDB approves $250m risk participation agreement with ABSA

By: Creamer Media Reporter      Updated 7 hours ago The African Development Bank (AfDB), this week, approved an unfunded $250-million risk participation agreement (RPA) with ABSA Bank. This RPA, housed within the AfDB’s Trade Finance operations, will enhance African issuing banks’ ability to leverage trade financing through a multisectorial approach. 

Business Unusual: Embracing Disruptive Technologies in the Automotive Sector

20th July 2018 Rapid technological advancements in the global manufacturing landscape have changed the ways in which manufacturers function – from product design and development, to production optimisation, to techniques selected to penetrate new markets and deliver products to customers. Interest and... 

Provincial presence benefits company

20th July 2018 Geosynthetic products manufacturer and supplier Fibertex SA’s local operation plant in Hammarsdale, KwaZulu-Natal, is well positioned to meet growing demand for geosynthetic products, not only in Africa, but also from countries in Europe, Australasia and Asia, and is the largest plant in Africa... 

Entrenched player furthers provincial presence

By: Tasneem Bulbulia     20th July 2018 Plastic conveyor components manufacturer IRP Engineering Plastics (IRP) continues to invest in innovation and the development of its product range to continue offering market leading solutions to the food, beverage, packaging and materials handling industries in and around KwaZulu-Natal, IRP MD... 

Bridgestone South Africa’s manufacturing plant showcases rubber innovation

By: Marleny Arnoldi     19th July 2018 Tyre manufacturer Bridgestone South Africa on Wednesday hosted a media tour of its 186 027 m2 manufacturing facility in Brits, North West, to showcase how its technology has evolved from the 1950s to date. Bridgestone manufactures passenger radial, light truck radial, truck and bus radial, and... 

Sixth solar challenge sees champions return, raft of new entries from abroad

By: Irma Venter     19th July 2018 The 2018 Sasol Solar Challenge, set to take place from September 22 to September 29, will mark South Africa’s sixth solar car race. The eight-day event will see more than 20 teams depart from Pretoria and finish in Stellenbosch. The awards ceremony is scheduled to take place in Cape Town on... 

Chile's SQM seeks approval for $450m lithium plant expansion

By: Reuters     18th July 2018 Chilean miner SQM on Wednesday began the process of seeking government approval for a $450-million expansion of its lithium carbonate plant, which could more than double its production as demand rises for the key element in the manufacturing of batteries. SQM said in an environmental impact... 

Britain unveils progress in high technology combat aircraft project

By: Rebecca Campbell     17th July 2018 The UK unveiled a full-scale mock-up of a sixth-generation combat aircraft on the first day of the Farnborough airshow on Monday. This, described as a “concept aircraft”, is the result of the work of a consortium called Team Tempest, which is made up of British aerospace firms and the Royal Air... 

R2.6bn boost for platinum demand

By: Martin Creamer     17th July 2018 Platinum demand received a R2.6-billion boost on Tuesday when South Africa’s State-owned Public Investment Corporation (PIC) joined forces with Anglo American Platinum (Amplats) to promote the development of innovative and competitive technological uses of platinum-group metals (PGMs). By each... 

Pratley to replicate famous suspended bulldozer stunt on Friday 13 July

16th July 2018 In celebration of its 70th anniversary this year, the Pratley Group will use Friday 13 July as an auspicious occasion to replicate the memorable launch of Pratley Wondafix in 1985. This saw CEO Kim Pratley stand underneath a 13 t bulldozer, hoisted and held aloft by a crane, attached to two... 

Manufacturing SME’s need to Re-Imagine their IT

By: Creamer Media Reporter      16th July 2018 By Hannes Botes, Chief Technology Officer, MANXiT. Studies indicate that the role of South Africa’s manufacturing industry, in terms of contribution to the economy, reflects a sad tale of decline.  The sector was at the height of its powers in the 1980’s contributing nearly a quarter of the... 

Davies concerned about extension of US tariffs to autos and auto parts

By: African News Agency      16th July 2018 South Africa’s steel and aluminium exports to the United States does not pose any threat to US national security, says Trade and Industry Minister Dr Rob Davies. Davies was speaking during bilateral meetings in Washington DC with US Trade Representative Ambassador Robert Lighthizer, US Secretary... 

No ‘hollow’ promises: Allied Steelrode’s LT20 tube laser leverages the full engineering and design potential of tubular steel

13th July 2018 The increased popularity and use of square and rectangular section hollow steel tubing is a boon for consulting engineers, as it has opened up many new and innovative design opportunities. This type of  steel tubing has many advantages for the consulting engineer as it is cost-effective, light,... 

Action needed to integrate UAVs into civil air space in South Africa – Denel

By: Rebecca Campbell     13th July 2018 Unmanned aerial vehicle (UAV) manufacturer Denel Dynamics (which also produces missiles and space technology) has called for a national programme to integrate UAVs (popularly called drones) into the country’s civilian controlled air space. Controlled air space is air space in which all air... 

MeerKAT radio telescope inaugurated as precursor to larger SKA project

By: Simone Liedtke     13th July 2018 After a decade in design and construction, the MeerKAT radio telescope, located about 90 km from Canarvon in the Northern Cape, was inaugurated on Friday. The MeerKAT is the precursor to the R10-billion Square Kilometre Array (SKA) – an international enterprise to build the largest and most... 

SA mines relying heavily on unskilled workers despite Industry 4.0 gaining traction

By: Dylan Slater     13th July 2018 Contrary to the expected move towards employing a higher number of skilled personnel at mines to catalyse modernisation and mechanisation targets, the South African mining industry has backtracked, employing a significant number of unskilled personnel instead, according to a report compiled by... 

Designation status a cabling industry boon

By: Paige Müller     13th July 2018 Providing the cable industry with designation status has helped the industry to grow despite a myriad of local manufacturing barriers, says the Association of Electrical Cable Manufacturers of South Africa (AECMSA). The Department of Trade and Industry’s (DTI’s) revised Preferential Procurement... 

Investment, solutions critical for Africa’s power generation sector

By: Tasneem Bulbulia     13th July 2018  The African power generation sector needs sustainable investment to bolster economic growth and assist in developing fit-for-purpose, integrated power solutions, says electrical equipment manufacturer and solutions provider Zest WEG Group integrated solutions executive Alastair Gerrard.... 

Ansys rebrands as Etion

By: Natasha Odendaal     13th July 2018 Digital technology solutions provider Ansys has embarked on a significant rebranding to breathe new life into its business units and reflect its new position as a diversified digital technology group. Now evolved into Etion, representing “energy in action”, the AltX-listed group has changed the... 

Solid demand forecast for turboprop aircraft amid growth in regional routes

By: Rebecca Campbell     13th July 2018 Regional turboprop airliner manufacturer ATR has released its 20-year (2018 to 2037) forecast for global demand for turboprop airliners. It estimates the market at 3 020 aircraft, worth more than $80-billion. “The key driver for this positive outlook is traffic growth in regional connectivity,”... 

UK continues to push development of small and modular reactors

By: Rebecca Campbell     13th July 2018 The UK Government has reaffirmed its commitment, including research and development (R&D) funding, to the development of small and modular nuclear reactors. It has done so in the Nuclear Sector Deal, developed by Britain’s Nuclear Industry Council in cooperation with the Government, and published... 

Coal to remain a significant energy source for decades – WCA

By: Nadine James     13th July 2018 Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton. He notes that demand for coal will remain stable to positive, as a result of increased industrialisation and electrification, especially in Africa and South-East Asia. 

Atlas Copco

13th July 2018 A world-leading provider of sustainable productivity solutions, Atlas Copco is characterised by focused businesses, a global presence with direct sales and service, a strong, stable and growing service business, professional people and an asset-light and flexible manufacturing setup. “We are... 

Powermite

13th July 2018 Focused on supplying engineered solutions and products for the electrification of moveable machinery, including materials handling equipment, cranes and mining equipment, Powermite prides itself on an excellent customer service experience, superior collective technical knowledge and high-quality... 

SEIFSA Cautiously Optimistic Following a Rebound in Metals and Engineering Sector Output in May.

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is cautiously optimistic following the release of production data reflecting an increase in output in the Metals and Engineering (M&E) sector, despite a corresponding decline in business confidence and a volatile rand,... 

Manufacturing output tempers recession fears

By: Reuters     12th July 2018 South Africa's manufacturing output rose again in May after a disappointing first quarter as production of motor vehicles and durable consumer goods increased, offering hope the economy will avoid slipping into recession. The continent's most industrialised economy suffered its worst quarterly... 

No ‘hollow’ promises: Allied Steelrode’s LT20 tube laser leverages the full engineering and design potential of tubular steel

12th July 2018 The increased popularity and use of square and rectangular section hollow steel tubing is a boon for consulting engineers, as it has opened up many new and innovative design opportunities. This type of  steel tubing has many advantages for the consulting engineer as it is cost-effective, light,... 

Decrease in the purchasing managers’ index for June 2018 a cause for concern

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) is concerned about the general dip in overall business activity in the broader manufacturing sector as reflected in the composite Absa Purchasing Managers’ Index (PMI) released yesterday, SEIFSA Economist Marique Kruger... 

Gradual producer price index improvement for intermediate manufactured goods bodes well for the metals and engineering cluster - SEIFSA

By: Creamer Media Reporter      12th July 2018 The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) welcomes the latest Producer Price Index (PPI) data for intermediate manufactured goods released by Statistics South Africa today, which affirm the gradual improvement in selling price inflation for sub-industries in the... 

Positive outlook for manufacturing in KZN

12th July 2018 According to jobs portal CareerJunction, in its index for the month of May 2018, the finance and manufacturing sectors have seen a recent upswing in hiring activity. This is a clear indication that the manufacturing sector could be entering a turnaround in fortune. In the National Development... 

Everising’s upgraded E- and P-Series sawing machines: ‘cut out’ to meet customers’ sawing requirements with faster cutting times and greater functionality

12th July 2018 To maintain its enviable reputation for excellence and sophistication in sawing, the Taiwan-based Everising Machine Company continuously strives to anticipate its customers’ requirements to provide timeous and effective solutions. What the company established recently was that many customers... 

Nigeria's President Buhari says will soon sign up to African free-trade agreement

By: Reuters     12th July 2018 Nigeria's President Muhammadu Buhari said on Wednesday the country will sign up soon to a $3-trillion African free-trade agreement. Nigeria is one of Africa's two largest economies, the other being South Africa. Buhari's government had refused to join a continental free-trade zone established in... 

Trump started the metals rally, now he's the reason it's ending

By: Bloomberg     11th July 2018 The US election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth. Copper sunk to an almost one-year low and has fallen 16%... 

Plastics SA, CSIR discuss new tech at Innovation Forum

By: Marleny Arnoldi     11th July 2018 At the third yearly Innovation Forum organised by industry association Plastics SA’s training division, in collaboration with the Council for Scientific and Industrial Research (CSIR), on Wednesday, speakers highlighted the need for innovation with regard to waste management, packaging and... 

Miners welcome ACCC power plans

By: Esmarie Swanepoel     11th July 2018 The resources sector has welcomed recommendations from the Australian Competition and Consumer Commission (ACCC) to significantly improve electricity affordability for Australian consumers and businesses. The ACCC in March launched an inquiry to identify the root causes of the high electricity... 

Mentis Engineered Non-Slip Floor Grating Gains Traction

10th July 2018 There is a trend away from serrated grating because while it is suitable for some applications, there are others where over an extended period it will no longer provide the underfoot traction required to ensure safety. Floor grating is never a case of one size fits all, and according to Lance... 

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

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