Projected sector growth to provide relief for steel industry.
Following its announcement in Janurary of a growth projection of 1.4% for 2017 in the metals and engineering sector, the Steel and Engineering Industries Federation of South Africa (Seifsa) believes that the local steel industry will probably use this bottoming of the trend as an opportunity to hopefully repair balance sheets and enjoy some relief from the persistent contraction of the industry over the past few years.
“Companies would probably need to be convinced that this is a structural shift in the trend [and not a cyclical bounce] so that they can start investing in serious innovation,” says Seifsa senior economist Tafadzwa Chibanguza.
He notes that this development is considered to be significant because the metals and engineering sector has been contracting every year since 2013, with 2016 having contracted by 2%.
Denne historien er fra Engineering News 3 March 2017-utgaven av Engineering News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra Engineering News 3 March 2017-utgaven av Engineering News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Energy Efficiency & Management
Importance of energy efficiency highlighted at DoE conference.
Biofuels
Innovation earns company biofuels award.
Security Technology For Business
Power instability leads to security technology changes in South Africa.
Corridor Crowd-In
eThekwini seeks private investment around public­transport corridor.
Taking Off
Fourteen airport rail links planned in Africa, including two more in SA.
New gas projects will be economical – Aurecon
With two major gas-to-power projects under way in the country, consulting company Aurecon believes that the two, possibly three, gas power stations associated with the projects can be economical as existing infrastructure can be used to support them.
Construction to continue at Kathu
Next year, global engineering and technology company Sener will continue to provide the engineering, procurement and construction services for the 100 MW Kathu concentrated solar power (CSP) project in South Africa’s Northern Cape, in conjunction with its joint venture partner Acciona.
Transformative
Meeting 60% local content goal would transform economy, create 49 000 jobs.
Control And Instrumentation Play Rugged Role In Industry
The uptake of new infor-mation technology (IT) in industrial automation has traditionally been at a slower rate compared with that of the broader information and communication technology (ICT) sector, says the Society for Automation Instrumentation, Measurements and Control (SAIMC) professional services portfolio head Petrus Klopper.
Sewer Manual To Be Published Next Month
Plastic pipes manufacturer DPI Plastics will publish its comprehensive sewer product manual next month that provides detailed information on its range of polyvinyl chloride (PVC) pipe applications and installations in the sewage and effluent sector.
