Actom sells Wilec division
Electromechanical equipment manufacturer Actom has sold its Wilec division to Makarenge Electrical Industries, effective February 1.
The disposal forms part of Actom’s corporate strategy to focus on its core businesses within the electrical infrastructure industrial sector.
The company adopted this strategy years ago and has put it increasingly into effect in response to altered market conditions resulting mainly from the global economic downturn dating from 2008, along with other significant business challenges arising during the course of the past decade.
Wilec manufactures and supplies input materials to the electrical rotating machine, transformer manufacturing and repair industries.
It is a supplier of input materials required by several of Actom’s manufacturing and repair businesses, but is not integral to the company’s main scope of operations, where the focus is on production, supply, repair and maintenance of complete electromechanical equipment.
Additionally, the transaction demonstrates Actom’s commitment to government policy of encouraging the development and advancement of black industrialists, since Makarenge is a black-empowered company.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation