Firm foundations

TWO of the Western Cape’s prominent infrastructural players are shrugging off crumbling trading conditions in the broader construction sector. Claddings business Mazor and aggregates specialist Afrimat both posted solid interim results to end August, and – perhaps more encouragingly – reported firm prospects going into 2016.

Mazor saw revenue increasing 22% to R245m with all three of its divisions – steel, aluminium and glass – pushing up turnover. CEO Ronnie Mazor said the aluminium division was the stellar performer with revenue up 29% to R133m. He said aluminium division had secured a good order book with a solid pipeline for the next 36 months, driven mainly by high-end construction projects for offices and hotels. Mazor’s steel division increased revenue 10% to R41m and the glass division revenue climbed
17,5% to R71m.

Mazor said the steel division continued to invest in technology to increase capacity and be positioned for future growth on the anticipated market upturn. He said the rationalisation of Compass Glass in Cape Town had been successfully concluded to deliver improved efficiencies
and returns. 

“Our key focus on growth resulted in improved gross profits in the glass plants and the Cape Town and George operations coming back on track.”

Durbanville headquartered Afrimat reported net profits up 23% to R109m for the six months to end August. CEO Andries van Heerden said all Afrimat’s processing plants were fully operational and strategically positioned to deliver excellent service to customers. He said the interim period saw an improvement in contribution from its traditional aggregates business. Van Heerden said one of Afrimat’s strengths remained being able to pre-empt market changes and its operational ability.

Looking ahead, Van Heerden believed Afrimat’s Glen Douglas, Clinker Group and Infrasors operations as well as its traditional aggregates business would continue to perform well. He believed the recently acquired Cape Lime operation would add to the company’s diversity.

Van Heerden stressed Afrimat would pursue a conservative growth strategy to preserve the “integrity of the company’s balance sheet.”

By Jenni McCann

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