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Manufacture of Tanks, Cylinders, Reservoirs, and Steam Generators in South Africa 2017
Wednesday, November 15, 2017

LONDON, Nov. 14, 2017 /PRNewswire/ -- Manufacture of Tanks, Cylinders, Reservoirs and Steam Generators: The Pressure Equipment Manufacturing (PEM) industry is a value-adding manufacturing division in the Fabrication of Metals sub-sector and manufactures tanks, cylinders, reservoirs and steam generators. There are approximately 80 active industry players in the local PEM sector while the motion and control industry, which includes all cylinder manufacturers, has 85 industry players that belong to the South African Fluid Power Association (SAFPA). Statistics South Africa reported that total annual structural metal product sales for the 2016/2017 financial year reached R 32.856bn, 2.28% or R746m down on 2015/2016.

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A Difficult Year: The metals industry umbrella body, the Steel and Engineering Industries Federation of South Africa (SEIFSA) and industry players reported that 2016 was an extremely difficult year for the industry. Declines in demand, sales, production, capacity utilisation, employment, investment, profit and the number of industry players were experienced. According to role players the most pressing issues facing the industry are insufficient industrial investment, uncertainty regarding government's infrastructure requirements which affect PEM industry products, rising input costs and a shortage of skills.

Report Coverage: The Manufacture of Tanks, Cylinders, Reservoirs and Steam Generators describes current conditions, developments in the LPG sector, factors driving industry growth and the strict regulatory environment. Other factors that influence the success of the sector are covered, including government intervention and a range of government and private sector initiatives. Profiles for 35 companies are provided, including ACTOM whose Boiler division, John Thompson marked the 60th anniversary of boiler manufacture in South Africa with a major expansion of its factory near Cape Town. Also profiled are SMMEs Quick Pools CC, which manufactures reservoir kits and water storage tanks, and Macrotec (Pty) Ltd which specialises in the manufacture of cremators, incinerators and hot water vessels.

Download the full report: https://www.reportbuyer.com/product/5045714

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View original content:http://www.prnewswire.com/news-releases/manufacture-of-tanks-cylinders-reservoirs-and-steam-generators-in-south-africa-2017-300556326.html

SOURCE ReportBuyer



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