Bell Equipment is set to launch a new business, called Bell Heavy Industries (BHI), at the Mining Indaba in February next year. BHI will be an arm of Bell Equipment Company South Africa, which is 51% black-owned, says Bell Equipment CEO Leon Goosen.
Bell Equipment is set to launch a new business, called Bell Heavy Industries , at the Mining Indaba in February next year.
“The critical need for simple logistics routes has been clearly demonstrated over the last few years,” says Goosen. Goosen believes that Bell Equipment’s normal work could utilise the plant for one or two shifts, while a third shift could use the same equipment to make products such as railway bogies or excavator buckets.
Bell on Tuesday recorded a 42% increase in revenue for the six months ended June 30, to R6-billion, compared with the same period last year. Goosen says strong demand in most markets resulted in the group “performing well”. Goosen notes, however, that the high global inflation and input cost increases witnessed last year continued to impact the group’s margins.
Goosen adds that operating conditions have also been challenging, with ongoing supply chain issues and staff shortages at the Bell plant in Germany. This constrained growth, as well as Bell’s ability to fully capitalise on market demand.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cowboys sideline exclusive: Heavy rain forced equipment change for Dak Prescott vs. GiantsThe unrelenting rain throughout the evening led to an equipment change for Dak Prescott.
Read more »
You can leave your gloves on: Self-decontaminating fabric enables multiuse personal protective equipmentA new material that packs deadly heat for viruses on its outer surface while staying cool on the reverse side could transform the way we make and use personal protective equipment (PPE), cutting down the pollution and carbon footprint associated with current materials and practices.
Read more »
Charity offers new grants to help Isle of Man doctors buy equipmentHenry Bloom Noble Healthcare Trust is asking patients to nominate GP practices for the funding.
Read more »
Cochise County electric companies working together to bring upgraded equipment to the areaSulphur Springs Valley Electric Cooperative and Arizona G&T are working together to bring upgraded equipment to the area. They are asking the ACC to finance the generators for the area.
Read more »
Russian border guards complain about lack of equipment: ISWBorder guard units are poorly equipped and without sufficient digital communications systems, drones, and medical supplies, a top think tank has said.
Read more »
Ukraine sues Western companies for failing to deliver on military equipmentThe country's Defense Ministry told Newsweek that American firms are among foreign companies who have failed to deliver.
Read more »