The shift in production to Bell’s German factory is likely to have a negative impact on its employment in SouthAfrica and on its manufacturing output. Moneyweb loadshedding
JSE-listed Bell Equipment is increasing production at its Germany factory to mitigate the impact of load shedding at the group’s local manufacturing base in Richards Bay.
Bell Equipment bounces back to profit Goosen said in addition to supply chain constraints, 2022 was marred by soaring fuel prices, unprecedented levels of inflation and interest rates, record load shedding and floods in KwaZulu-Natal in April that caused logistics challenges. Reduced vessel frequency increased the need to use significantly more expensive air freight, he said.
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