https://www.engineeringnews.co.za
Business|Electrical|Industrial|Manufacturing|Transformer|Equipment|Maintenance|Manufacturing |Infrastructure|Operations|Transformer
Business|Electrical|Industrial|Manufacturing|Transformer|Equipment|Maintenance|Manufacturing |Infrastructure|Operations|Transformer
business|electrical|industrial|manufacturing|transformer-company|equipment|maintenance|manufacturing-industry-term|infrastructure|operations|transformer

Actom sells Wilec division

14th February 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Electromechanical equipment manufacturer Actom has sold its Wilec division to Makarenge Electrical Industries, effective February 1.

The disposal forms part of Actom’s corporate strategy to focus on its core businesses within the electrical infrastructure industrial sector.

The company adopted this strategy years ago and has put it increasingly into effect in response to altered market conditions resulting mainly from the global economic downturn dating from 2008, along with other significant business challenges arising during the course of the past decade.

Wilec manufactures and supplies input materials to the electrical rotating machine, transformer manufacturing and repair industries.

It is a supplier of input materials required by several of Actom’s manufacturing and repair businesses, but is not integral to the company’s main scope of operations, where the focus is on production, supply, repair and maintenance of complete electromechanical equipment.

Additionally, the transaction demonstrates Actom’s commitment to government policy of encouraging the development and advancement of black industrialists, since Makarenge is a black-empowered company.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.138 0.202s - 141pq - 2rq
Subscribe Now