Indutec 2017

AFRICA'S LEADING INDUSTRIAL TECHNOLOGY AND SUPPLY EXPO
 
 
 
 

INDUSTRY NEWS

'Africa is ready for its industrial revolution,' Microsoft chief

'By leapfrogging to Industry 4.0, Africa can take advantage of greener, more productive technologies without being encumbered by outdated, energy and labour intensive processes'

Microsoft says Africa will undergo an industrial revolution once it develops its value-added manufacturing sector, according to new report.From government to the private sector and academia, the continent’s growth rests on manufacturing to help the continent grow and continue to support a rising ...
Share on Facebook
Tweet
Read more......

Why South Africa could be the next oil discovery hot spot

'There could be a giant future discovery off South Africa's coast in the Outeniqua Basin'

South Africa's waters may be hiding future giant oil and gas discoveries potentially capable of changing the country's power generation mix by reducing its use of coal, says Tsvetana Paraskova writing for seekingalpha.comThe potential giant discoveries could help South Africa boost its gas-to-power ...
Share on Facebook
Tweet
Read more......

LNG demand set to soar says Shell

Egypt, Jordan and Pakistan were among the fastest growing LNG importers in the world in 2016. Due to local shortages in gas supplies, they imported 13.9 MT of LNG in total.

Liquefied Natural Gas (LNG) demand reached 265 million tonnes (MT) in 2016 - enough gas to supply power to around 500 million homes for a year.The figure comes from Shell’s new LNG Outlook that has shown that despite expectation that new LNG supplies would outpace demand growth during 2016. Last ...
Share on Facebook
Tweet
Read more......

How stainless steel could help solve South Africa's water security 'for a century'

Southern Africa Stainless Steel Development Association chief says stainless steel can potentially save millions

South Africa is experiencing tough water restrictions following its worst drought in decades, which means top infrastructure experts are looking at the country's water security in the future..Stainless steel piping and joiunts will provide secutiry in the long term according to the Southern Africa ...
Share on Facebook
Tweet
Read more......

Investment in South African auto sector will soar 28% in 2017

The National Association of Automobile Manufacturers of South Africa said sector's estimated capex was based on details supplied by seven major car makers

South Africa's auto sector, the largest manufacturing industry in the country, is set for a huge boost in investment this year with capital expenditure set to hit more than $600 million dollars.Spending is forecast to reach 8.2bn rand ($626m) in 2017, up from 6.4bn ($493m) in 2016, according to the ...
Share on Facebook
Tweet
Read more......

Petroleum giant Total is now the biggest player in the East African oil sector

French oil major's acquisition of Gulf African Petroleum Corporation makes it biggest player in the region

French oil major Total Outre Mer is set to become the dominant player in East Africa’s oil industry with the acquisition of Gulf African Petroleum Corporation (Gapco), says a news report today on the StandardMedia website. It means Total Kenya, Total Uganda and Total Tanzania, will now enjoy the ...
Share on Facebook
Tweet
Read more......

Deal that ends collusion by big constructors will boost income for black firms to the tune of $2 billion

Seven big contractors fined for collusion must now ensure they sub-contract to black-owned business, which is expected to mean billions of rand for those contractors over the next seven years

Black owned construction firms are expected to see an annual turnover between Rand 21bn ($1.6bn) and Rand 27bn ($2bn) over the next seven years through their partnerships with established firms, says a report by Fin 24 today.Minister of Economic Development, Ebrahim Patel, made the claim while ...
Share on Facebook
Tweet
Read more......

Germany's development chief reveals a 'Marshall Plan' for Africa

Government Minister Gerd Müller offers a new vision for closer co-operation and investment in Africa with greater foreign investment and foreign export market access for African nations in return for tighter anti-corruption governance

A new plan for growth and investment in Africa has been unveiled by the German Development Minister Gerd Müller billed as new strategy on relations with countries across the continent. some are calling it a Marshall Plan for Africa. Müller wants a new level of development cooperation, which ...
Share on Facebook
Tweet
Read more......

Zuma reminds country of his War on Leaks during state of the nation address

South African President calls on municipalities to back the campaign as the country looks to tackle water losses through leaks. And he revealed 10,000 youngsters are being trained as 'plumbers and water artisans'

The 2017 State of the Nation address by South Africa's President Jacob Zuma may have been hit by controversy as opposition parties delayed his speech by more than an hour last night (Feb 9).But water preservation, in a country hit by drought, was one of the earliest subjects during his hour-long ...
Share on Facebook
Tweet
Read more......

China set to buy record amount of West African crude in February

China's avoidance of OPEC restrictions has boosted crude oil purchase from the likes of Angola and Nigeria

China's crude oil buying will push its February purchase of West African crude to their highest in at least 13 years, a Reuters survey a showed on February 3, according to a report on oilreviewafrica.comIt says buying for China, led by state-run Unipec and Sinochem, hit a total of 40 cargoes for ...
Share on Facebook
Tweet
Read more......

Hospitality sector urged to join fight to save water in southern Africa

Guests also need to understand the pressure much of the region is under to conserve supplies says the head of the region's hospitality association

Tough new water restriction in Cape Town came into force on February 1 and FEDHASA, the Federated Hospitality Association of South Africa has called on its members to optimise water resource management across the industry. Dam levels had dropped to below 40 per cent by the end of January and water ...
Share on Facebook
Tweet
Read more......

Eco-friendly waste water treatment becomes a priority in drought hit South Africa

“As a result, the opportunities for suppliers within the water and wastewater treatment chemicals market is expected to increase.”

South Africa’s growing concerns about water scarcity and infrastructure inadequacy are said to escalate the need for effective water treatment chemicals, according to a report to day by Cape Business News. It says: "A rise in environmental awareness is also accelerating the move away from ...
Share on Facebook
Tweet
Read more......

Why 2017 will be the year mining exploration moved to the moon

All of the primary components - the engine chamber, injector, pumps, and propellant valves - are 3D printed

Florida-based company Moon Express, which hopes to mine the moon someday, has received the full funding it needs to make its first lunar trip.Moon Express is one of the teams that is vying for the $30 million race to the moon, the Google Lunar X Prize (GLXP).Nine liquid-propellant Rutherford ...
Share on Facebook
Tweet
Read more......

Dancomech Holdings ventures into valve manufacturing

Malaysian valve manufacturer steps in pumps business full time with $951m acquisition

Dancomech Holdings, which is Malaysia's best-performing initial public offering (IPO) in 2016, has made its maiden acquisition, five months after its listing on July 21.The valves company is venturing into the business of pumps manufacturing. Dancomech is paying $951m ( RM4.25m) to have its own ...
Share on Facebook
Tweet
Read more......

Lewis Pumps celebrates 125th anniversary

Over a century and a quarter Weir Minerals Lewis Pumps has developed an international reputation in the design and manufacture of pumps and valves in the sulphur, sulphuric acid and phosphoric acid industries.

Weir Minerals is proud to announce that 2016 marks its 125 year anniversary for one of its long standing brands – Lewis® pumps.For 125 years, Weir Minerals Lewis Pumps has developed an international reputation in the design and manufacture of pumps and valves in the sulphur, sulphuric acid and ...
Share on Facebook
Tweet
Read more......

Global Hydraulic Cylinder Market to Grow 4% a year until 2020

New report reveals rising popularity of integrated solution and services and sellers are more focused on providing integrated solutions to its customers.

A new report forecast the global hydraulic cylinder market will grow at a CAGR of 4.39% between now and 2020. The hydraulic cylinder industry will see a steady growth during the forecast period due to a continuous demand from the agriculture, construction equipment, mining equipment, material ...
Share on Facebook
Tweet
Read more......

Who are the top five pump suppliers to the oil and gas industry?

TOUGH TRADING CONDITION ARE EXPECTED TO LEAD TO A TIGHT PRICE WAR AMONG THE LARGER PLAYERS IN THE MARKET AND THE INDUSTRY IS EXPERIENCING A SHIFT TO INNOVATIVE OPERATIONAL PROCEDURES

One of the world's biggest market research companies Technavio has named the top five pump vendors in the oil and gas industry as part of a new report. The Global Pumps Market for the Oil & Gas Industry report looks at the industry through until 2020 and it also lists eight other prominent vendors ...
Share on Facebook
Tweet
Read more......

Total ups investment in Uganda oil

French oil giant to acquire another $900m in Lake Albert oil project

French oil giant Total has entered into an agreement with Tullow to acquire an extra 21.57 per cent interest in the Uganda Lake Albert oil project.Total will pay Tullow $900 million in instalments as the project develops, with an initial payment of $100m.“Following the agreement on the Tanzanian ...
Share on Facebook
Tweet
Read more......

Nigeria overtakes Angola as Africa's top oil producer

Nigeria regains top spot even before yesterday's agreed cut in oil production

Nigeria has overtaken Angola to reclaim the position as Africa’s top oil producer.For seven months Angola had led with 1.7m barrels a day while Nigeria pumped 1.5m.According to the Organisation of Petroleum Exporting Countries (OPEC) December 2016 Monthly oil Market report (MOMR), crude oil ...
Share on Facebook
Tweet
Read more......

Oil leaders meet in UAE tomorrow to review market

"Gathering will offer clues as to how they intend to maintain credibility long enough for the global oil market to soak up the two year oil glut"

Oil ministers and high-level industry officials will gather in Abu Dhabi tomorrow (12 Jan) to assess a finely poised market, the UAE National newspaper reports.Benchmark North Sea Brent crude futures have risen by more than 30 per cent since mid-November to hit an 18-month high last week of US$58....
Share on Facebook
Tweet
Read more......

Oil sector in Africa set for 2017 upturn

An industry accustomed to new low oil prices reflects optimism that Africa is ripe for a comeback.

Chariot Oil & Gas plans to drill its first well in at least three years in 2017 off Morocco as African oil as the closing months of 2016 optimism in the industry turn into new projects.Offshore drilling on the continent matched an all-time low in September, with just nine active rigs, according to ...
Share on Facebook
Tweet
Read more......

VAMCOSA endorses PVP 2017 and INDUTEC

“We believe both events are of huge importance to our industry both in highlighting our capability and the challenges our industry faces. The synergy of PVP 2017 with our sector is critical to the success of all three industry groups. We are pleased to be involved with this event.”

The South African body that represents valve and actuatuator manufacturers has endorsed PVP 2017.The Valve and Actuator ManufacturersCluster of South Africa (VAMCOSA) was set up in 2011 to bring local manufacturers together to create a common focus and goal for the respective industries. It also ...
Share on Facebook
Tweet
Read more......

VIDEO: New South African gas projects will be economical and bring huge benefits to the country

With two major gas-to-power projects under way in the country, consulting engineers 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.

Senior Power Generation Engineer Kobus van der Merwe looks at the gas opportunities in the republic, speaking to Creamer Media TV and www.engineeringnews.co.zaRETURN TO INDUSTRY NEWS
Share on Facebook
Tweet
Read more......

Why China's success could bring huge benefits to African manufacturing

Manufacturing wages are rising quickly in China, so production capacity is beginning to be outsourced to other countries, mainly in Southeast Asia. Africa's successful economies could be next.

There are huge opportunities for African countries to take advantage of outsourcing to other countries following China's economic success that has sent wages there soaring, says Neil Ford, writing in African Business. He says the best placed will be countries that can ensure sufficient water and ...
Share on Facebook
Tweet
Read more......

Now water tanks and reservoirs can text you when they run low

ech Water Solutions’ Tank Mkononi water monitoring system allows residential owners, hotels and restaurants to monitor water levels by mobile phone

Kenyan startup Tech Water Solutions has launched a solution that uses GSM and sensor technology to monitor water levels in tanks and reservoirs.Launched in August after months of testing, Tech Water Solutions’ Tank Mkononi water monitoring system allows users such as residential owners, hotels and ...
Share on Facebook
Tweet
Read more......

Why Nigeria is failing to attract new oil investment

top CEO calls on government to make it easier for foreign investors. "WE NEED TO GIVE THEM THE CONFIDENCE THAT WHEN THEY INVEST, THEY MAKE MONEY AND THERE IS A MECHANISM TO REPATRIATE THEIR MONEY,” LEKOIL CEO

Unfavourable fiscal regime, transparency issues and stringent fund repatriation mechanism are reasons for the low investment inflow into Nigeria’s oil and gas sector, according to a top CEO.Olalekan Akinyanmi, Chief Executive Officer, CEO, Lekoil Limited revealed what he described as "the worrisome ...
Share on Facebook
Tweet
Read more......

South African mobile phone giant backs new internet water monitoring

MTN teams up with Huawei to launch new smart meters that link to low bandwidth mobile internet connection

South African mobile phone provider MTN and Chinese tech giant Huawei have launched a new Smart Water Metering solution, which is set to replace traditional water meters.It will inform households and businesses of exact useage, help with management and even alert users to leaks.MTN described as the ...
Share on Facebook
Tweet
Read more......

Africa's oil sector can now show profit in $50 a barrel world

And the continent claims EIGHT OF THE TOP 20 DISCOVERIES GLOBALLY IN 2015, AND NINE OUT OF THE TOP 20 IN THE FIRST EIGHT MONTHS OF 2016.

Oil producers across Africa say they can operate profitably so long as oil prices remain above $50 a barrel.Two years ago these companies said they relied on $90-plus to operate successfully but after a tough 24 months, they are finally beginning to adapt to the slump in world oil prices, according ...
Share on Facebook
Tweet
Read more......

Cape Town's 11.4 million Rand regeneration of seafront site

Two-year Strand Pavilion Precinct upgrade begins in key tourist area

Work has begun on Cape Town's latest regeneration project upgrading the Strand Pavilion Precinct.It is the latest in a series of projects across the city aimed at making the city more attractive to visitors and residents costing Rand 11.4 million ($780m) and due for completion in June 2018. In a ...
Share on Facebook
Tweet
Read more......

Green growth fund announced for Africa aims to attract private investment

New backs the transition of Africa into a green economy by supporting low carbon infrastructure

The World Bank Group and Ithmar Capital, a Moroccan Sovereign Investment Fund, have entered into a deal to set up a Green Growth Infrastructure Facility for Africa (GGIF Africa), the first pan-African fund dedicated to green investment in the continent.GGIF will be structured as private capital ...
Share on Facebook
Tweet
Read more......

Sustainable mining gets new boost in South Africa

Sustainable mining practice will help secure the future of mining in South Africa and a new cash grant will help fuel the vital change in the sector

To develop skills and knowledge in sustainable development and mining, the African Development Bank (AfDB) has granted R4.2-million to an initiative run by the South African government and the University of Cape Town (UCT).Aimed at helping "turn the minerals extraction and associated industries ...
Share on Facebook
Tweet
Read more......

Recovery from South Africa drought could take 'five years'

Renewed focus on improving water infrastructure as RSA recognises it must boost supply and water security

One of Africa's leading news sites has reported that it could take as long as five years for South Africa’s dams to recover from the current drought.Businesstech reports that at a seasonal forecast update briefing convened by the South African Weather Service in Pretoria, the Department of Water ...
Share on Facebook
Tweet
Read more......

South Africa announces new LNG import plan to slash coal use

New pipeline and distribution system sees government commit $3.7billion investment to boost power

South Africa will invest more than R50.3bn ($3.7bn) at two of its largest ports building to build infrastructure for a gas-to-power program aimed at easing the country’s dependence on coal. A plant at Richards Bay, on the east coast will generate 2,000MW of electricity from liquefied natural gas (...
Share on Facebook
Tweet
Read more......

Tags

pumpsvalvespipesindutecnewsgasinfrastructurecoegarichards baypowerLNGwaterinvestmentdroughtsouth africadamsgovernmentminingsustainablegrantafricafutureengineering newsafrican development BankdevelopementgreentourismseaoilsecotrprofitabilitynewdiscoveriesreportanalysisHuaweiMTNinternet of thingsinternetmobilephone techconservationmanagementmeteringNigeriaregulationlekoilOlekan AkinyanmitechsavingkenyaTech Water SolutionslevelscapacityChinacheaperreducing costsopportunitymanufacturingEthiopiaaureconvideoyoutubeengineeringKobus Van der MerweVAMCOSAPVP 2017pumps valvepipeactuatorsmanufacturerslobby organisationindustryfoundrymetaljobsexploration2017changesdrillingoil and gasoil&gaspricepricesbarrelproductionogpUAEGCCOpenNationalangolaoil prodcutionOPECoil pricebarrels per dayoil&gas africaTotaloil industryugandaAfrican oilTullowhydrauliccylinderforecastgrowthsolutionsflowserveoil & gaspump supllierspump vendorsfracturingacidlewisWeirBob elliot125 yearsMalaysiapumpvalvemanufactuerventurepvp3D printingmoonmissionelectronmoon ExpressGooglecape business Newswaste watersewagechemicalsbiologicalTshifhiwa TshivhengwaFEDHASAhotelshospitalityhotelwater shortagedriughtsouthern africaCappe Townwater savingilWest Africacrudeunemploymentwater preservationzumaSONAPresident ZumaPresident Jacob ZumamunicipalitiesWar on LeaksMarshall planGermanGermanyGermansMullerroadmapdevelopmentConstructionfraudcontractorsbuilding27 billion randfin 24Total, gapco, oil, east, Africa, Uganda, Kenya, Tanzania, oil and gas, gs, fuel, crude, newsTotal,gapco,Africantanzaniafuelcrude newsSouth AfircacarvehiclesexpenditureNissanVolkswagenMercedes BenzNissan ToyotavehicleTarbotonSASSDAstainlesssteelwater securityreservesexportimportShell2016Outeniqua BasinprowerimportswealthGDPenvironmental