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Equity partner sought for stainless steel ring manufacturing project
Mon, 24 Nov 2008 16:45

Region
Africa
Mpumalanga
South Africa

Sector
Engineering
Manufacturing

Summary:
MEGA is driving a project to manufacture pall rings and cascade mini-rings in Mpumalanga.
Contact
Mr Andrew Bulter

Email
trade-invest@mega.gov.za

Tel
+27 13 752 2440


Manufacture of stainless steel mini-cascade rings

The purpose of the project is to manufacture pall rings and cascade mini-rings. These rings are used in refinery plants during maintenance shutdown. The project will initially produce mini cascade rings with stainless steel, and has secured a contract to supply stainless steel pall rings to SASOL. This contract with SASOL will then be used as a base to access other markets.

Objective
The objective of this initiative is to fabricate and supply pall rings to SASOL and then develop market access into refineries in the local and export markets, as well as for import replacements. The products are also applicable in the power generation industry.

Background
This is a start-up manufacturing business established through a partnership between the Mpumalanga Stainless Steel Initiative and an entrepreneur in the steel industry. The company was established as a job creation initiative supported by the Mpumalanga provincial government.

Target markets
Target markets include: the petrochemical industry (SASOL, Engen, BP, Shell and Caltex); export markets (refineries in Angola, Nigeria and Equitorial Guinea); the mining industry; and power generation facilities.

Project value:
Approximately R10-million

Ownership approach:
Technical/equity partner required to partner with local producer

Market potential:
Total markets of R45-million in South Africa

Project requirement:
Looking for technology or technical partner to produce the products

For more information:
Contact: Andrew Bulter
Email: trade-invest@mega.gov.za
Tel: +27 13 752 2440

www.mega.gov.za

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