Underpinning a proud 34-year heritage the NMC Construction Group has established an exceptional reputation as a designer and builder of industrial, commercial and infrastructure projects.
“In line with the groups commitment to continued transformation we are pleased to announce Mr Phila Jordan as the new Executive Chairman of the NMC Group. Mr Jordan’s 51% stake in NMC takes the total BEE ownership to 63%,” says Shaun Webber, Managing Director.
“Phila Jordan is a well-respected private investor in the mining and construction sectors and has been at the forefront of various BBBEE transactions, in this regard he has gained widespread geographic exposure working with international investors. Through his investments he is currently serving as a director of several companies most recent of which is NMC Group Holdings.
“Mr Jordan comes with knowledge and experience in both the private and public sectors. His skill set will add a new dimension and energy to the business on all fronts. His support of the fundamental values of the NMC brand of trust, people growth, discipline and pride is encouraging, enabling us to continue to operate as a company that builds people who build relationships.
“The acquisition supports and further enhances our shareholding structure, enabling us to improve our supply chain efficiency and broaden our horizons by presenting opportunities to access new markets. New market sectors have already been identified which we believe will increase our market penetration and market share aligned to the National Development Plan. Our long-term goal is to extend our current footprint into the SADC region.
Webber concludes by saying that, “The new capital investment and investor heralds a turning point for the business and we look forward to even more exciting developments ahead.”
“NMC is now ideally positioned for a broader strategic approach to focus on Public-Private Partnerships, Engineering Procurement and Construction as well as Design and Build. Our immediate focal points are to ensure profitability and liquidity, engagement with both public and private stakeholders and secure orderbook pipeline,” says Phila Jordan, NMC Group Holdings Executive Chairman.
“As a multi-disciplinary construction company, the group has a national footprint with the potential to grow far larger than the existing business. This is due to its reputation, strong delivery brand and its positioning as a true home-grown, people centred South African construction business,” he adds.
“With its current footprint NMC creates on average, 26 000 jobs per annum, both directly and indirectly. By definition “our people” include not only our employees, but also our supply chain. The importance of aligning our sub-contractors, who play a pivotal role in the execution of our projects, to the group’s business principles is paramount to ensuring that we remain a sustainable and profitable business,” Jordan concludes.
In light of the developments following the acquisition, the group has taken a strategic decision to relocate the operational head office. The Johannesburg office will serve as the new head office and the Cape Town office as the administrative base for the business, with all regional offices servicing their respective geographic areas.
- Manitou - Your partner in construction
- Revolutionary solar-power desalination plant could provide cheaper option, but it needs space
- Steinhoff lost R80 million on the sale of its brand new company jet - and 6 other things we've learned from its results
- Meet with key construction buyers in the Western Cape
- New 3D printed house points the way to a more sustainable construction industry