Detailed financials available on request
The foundry was started in 2000 as a foundry specializing in Pump Castings and has grown over the years and now supplies numerous industries with castings in various materials. The current owners bought the foundry in 2006. Competition from imported products forced the foundry to diversify and it is now a fully fledged jobbing foundry, able to take on any foundry work. The diversification has allowed the foundry to grow the client base and they expected revenue growth of between 20 and 30 % in the new financial year. The Foundry consists of a highly efficient resin bonding sand system, which offers a quick and efficient semi-production service. On the core side they have a SO2 (sulphur dioxide) plant which enhances the finish of the final product. Some of the Industries they serve in are Chemical, Pump, Mining, Cement, Power Generation, Paper & Pulp, Railways and Food industries. Products vary from all Pump components, Hopper Wheels & Axles, Valves, Railway & Engine components, Hoisting Equipment, Scraper & Digging castings, Farming & Agriculture and General Engineering casting’s. We also supply Hopper Wheel & Axle Assemblies to the Mining and Agriculture Industries Materials Produced: Cast Iron, SG Iron, Chrome Iron, Abrasion Resisting Alloys, Cast Steel, Aluminium, Bronze, Stainless Steel. Significant growth opportunities exist due to the closure of one of SA's biggest foundries in the region, which has already resulted in additional work for this foundry. This foundry is also moving into casting of stainless steel which presents many opportunities EBIDTA for 2016 is R 1,466,201.00 giving an ROI of 33 months.