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Furniture & Wood Products News
York Timbers swings to a loss
By: Marleny Arnoldi 29th September 2023 Following a “disappointing” 2022 financial year, lumber and agriculture company York Timbers has again reported year-on-year decreases in several key metrics for the 2023 financial year ended June 30. The company’s loss for the year amounted to R393-million, compared with a profit of... →
Talk of the town at Indaba
29th September 2023 The Manufacturing Indaba, being held in October, endeavours to promote positive changes in sub-Saharan Africa’s manufacturing landscape – a source of livelihood for millions of people and leading contributor to the region’s gross domestic product. The tenth instalment of the Manufacturing Indaba,... →
TWK Agri posts lower interim earnings amid rampant interest rates, inflation, loadshedding
By: Marleny Arnoldi 18th April 2023 Diversified agriculture and forestry company TWK Agri has posted a 13% year-on-year decrease in earnings before interest, taxes, depreciation and amortisation (Ebitda) to R372-million on the back of tough economic conditions in the six months ended February 28. The group, which operates through... →
Engineered wood a carbon-efficient material
By: Nadine Ramdass 24th March 2023 The international construction industry is moving away from carbon-producing materials, such as steel and concrete, in favour of more sustainable materials. Engineered wood offers a multitude of benefits, including being a more sustainable and cost-effective material while offering shortened... →
KAP’s interim revenue up 12%, but earnings down 2% on lower demand
By: Donna Slater 21st February 2023 Diversified industrial, chemical and logistics group KAP Industrial increased its revenue for the six months ended December 31 by 12% year-on-year to R15.26-billion but earnings before interest, taxes, depreciation and amortisation decreased by 2% to R2.2-billion. Operating profit before capital... →
Company opens flagship distribution centre locally
4th November 2022 Distributor of consumer goods to Africa, Massmart, has opened its new flagship Riversands distribution centre in Riversands, Gauteng. The company announced that it had officially opened its new Massmart Distribution Centre, on June 14. →
Group to highlight dryer offerings at event
12th August 2022 International technology group Andritz will be exhibiting its range of existing and new technologies, services and automation solutions for the chemical and pharmaceutical industries at the Ausstellungstagung für chemisches Apparatewesen (ACHEMA) 2022 show from August 22 to 26, in Frankfurt,... →
Manufacturing output decreases by 2.3% y/y in May
By: Donna Slater 12th July 2022 Manufacturing production decreased by 2.3% year-on-year in May, brought down by the industries of motor vehicles, parts and accessories and other transport equipment which declined 19.2%, and subtracted 2.1 percentage points, reveals Statistics South Africa. A 4.1% decline in the food and... →
TWK lifts interim profit to R247m
By: Schalk Burger 12th April 2022 Diversified agriculture and forestry company TWK Investments achieved 30.6% increase in revenue to R4.88-billion for the six months ended February 28, compared with revenue of R3.74-billion achieved in the six months ended February 28, 2021. Profit after tax increased by 175.5% to... →
Sappi launches campaign to attract skilled engineers
By: Donna Slater 11th April 2022 Woodfibre products manufacturer Sappi has launched a campaign to encourage skilled engineers and production specialists to join its growing team and its endeavours of pursuing a circular economy. Besides a number of current vacancies in various fields, Sappi is also building up a database of... →
PG Bison successfully completes eMkhondo Particleboard Line expansion
By: Tasneem Bulbulia 15th March 2022 Panel products producer PG Bison has successfully commissioned its latest expansion project, with the installation of the higher capacity dryer and fibre preparation facilities at its at eMkhondo (Piet Retief) manufacturing facility, in Mpumalanga. The commissioning marks a major milestone for PG... →
CHEP pallet rental solution reduces Clover's carbon emissions
By: Schalk Burger 14th December 2021 Supply chain solutions company CHEP rents out and reuses 345-million wooden pallets used in the transportation of goods, which reduce costs and minimise environmental impact. The reuse model makes business sense, said CHEP South Africa customer relationship manager Celeste Enoch. →
York Timber swings to record Ebitda in FY21
By: Marleny Arnoldi 28th September 2021 JSE-listed integrated forestry company York Timber Holdings has managed to swing from a loss a share of 69c in the 2020 financial year to earnings a share of 44c in the financial year ended June 30. The company’s earnings before interest, taxes, depreciation and amortisation improved by... →
Timber’s viability overlooked by developers
11th June 2021 It is estimated that two-billion metres squared of new building stock will be required every year between 2019 and 2025 to keep up with urban development and population growth. →
First-quarter GDP up 4.6%
By: Donna Slater 8th June 2021 South Africa’s gross domestic product (GDP) increased at a yearly rate of 4.6% during the first quarter of 2021, reports Statistics South Africa (Stats SA). The mining and quarrying sectors combined grew by 18.1%, contributing 1.2 percentage points to the overall GDP figure, while the... →
Industry struggling with materials shortages, price increases
By: Cameron Mackay 4th June 2021 A shortage of raw materials, coupled with substantial raw-material price increases, has placed the local coatings industry under pressure, states South African Paint Manufacturing Association (Sapma) executive director Tara Benn. “A complex mix of demand and global chemical plant production... →
Patel says vision for R200bn in additional localisation has top-level corporate backing
By: Terence Creamer 18th May 2021 Trade, Industry and Competition Minister Ebrahim Patel announced that an “accord” had been reached at the National Economic Development and Labour Council (Nedlac) to drive progressive localisation of up to R200-billion of additional production over a five-year period. Delivering his virtual... →
PG Bison to add new MFB press, hot coating line at its Boksburg operation
By: Schalk Burger 7th May 2021 Wood-based panel products manufacturer PG Bison has received approval from parent company KAP Industrial Holdings for the purchase of a new melamine-faced board (MFB) press and an additional hot coating line. The MFB press and hot coating line will be located at its Boksburg site, in Gauteng, and... →
Decimated furniture sector to get Proudly SA local portal
By: Schalk Burger 26th April 2021 Local sourcing organisation Proudly South African, in collaboration with the the Department of Trade, Industry and Competition, will launch a dedicated furniture portal to make the sourcing of locally made furniture easier. The furniture sector in South Africa was an employer of 50 000 people in... →
DTIC furniture design competition aims to stimulate design capabilities
By: Schalk Burger 9th March 2021 The five finalists in the Department of Trade, Industry and Competition's (DTIC's) national Furniture Design Competition designed affordable, modular, multipurpose and functional furniture, Deputy Minister Nomalungelo Gina says. She points out that the competition is aimed at nurturing design... →
HomeChoice reports solid interim performance
By: Tasneem Bulbulia 31st August 2020 Home-shopping retailer HomeChoice says its results for the six months ended June 30 are a reflection of the impact of the Covid-19 lockdowns, as well as pleasing outcomes from its decisive response to the pandemic. It notes that it consciously cut back loan disbursements by R400-million to... →
Timber suitable to help address Covid-19 housing requirement
By: Donna Slater 19th May 2020 In response to government investigating alternative housing solutions for densely populated informal settlements during the Covid-19 pandemic, Sawmilling South Africa (SSA) and the Institute for Timber Construction South Africa (ITC-SA) have approached government with a proposal that timber be... →
Sappi, Fiat in project to help reduce the carbon footprint of cars
By: Irma Venter 14th April 2020 Sappi’s Symbio bio-composite cellulose fibre, derived from responsibly managed, renewable forests, has been chosen as feedstock for the development of lightweight bio-composite materials for the Life Biobcompo project. This project aims to reduce vehicle carbon dioxide emissions by 8% through... →
Supplier offers complete solution to university
By: Cameron Mackay 13th March 2020 Local cleaning chemicals supplier Industroclean’s ability to provide holistic cleaning solutions enables it to offer the University of Cape Town (UCT) a one-stop-shop cleaning chemicals solution. Industroclean MD Emma Corder confirms that the company began supplying its solutions to UCT... →
DTIC drafting Furniture Industry Master Plan
By: Marleny Arnoldi 7th February 2020 The Department of Trade, Industry and Competition (DTIC) and the South African Furniture Initiative have embarked on a process to draft a Furniture Industry Master Plan. The entities earlier this week hosted the last of a few consultative workshops, in Port Elizabeth, to gather input from... →
ITC-SA puts dormancy on the backburner as it pursues new operating model
By: Tasneem Bulbulia 25th October 2019 The Institute for Timber Construction South Africa (ITC-SA) has reversed its resolution of dormancy following overwhelming feedback from various quarters of the structural timber industry, the full spectrum of its membership and government departments, on the critical role that the institute has... →
KAP lifts full-year revenue, but profit tracks lower
By: Schalk Burger 20th August 2019 Diversified industrial company KAP Industrial Holdings has grown its revenue for the financial year ended June 30 by 12% year-on-year to R25.6-billion, but operating profit decreased by 13% to R2.5-billion. In a SENS announcement that contained extracted financial information from the audited... →
Competition Commission prohibits merger between forestry companies
By: Marleny Arnoldi 13th June 2019 The Competition Commission has prohibited a proposed transaction whereby Africa Forestry Fund II (AFF) intended to acquire Vuka Forestry Holdings and Glen Village Trading. The commission found that there were substantial short- and long-term anticompetitive effects that were likely to arise... →
Inaugural event to highlight local manufacturing capabilities
By: Halima Frost 17th May 2019 The first Local Southern African Manufacturing Expo (LME), which aims to highlight the capabilities of local manufacturers and, subsequently the ability to export, will be held from May 21 to 23, 2019 at the Expo Centre Nasrec, in Johannesburg. The expo will be hosted by the South African Capital... →
KAP grows interim revenue
By: Schalk Burger 12th February 2019 JSE-listed KAP Industrial Holdings grew its revenue by 16% to R13.29-billion in the interim period to the end of December, up from R11.48-billion during the first half of 2018, the company reported on Tuesday. The diversified industrial firm, however, posted lower headline earnings of... →
Lightweight window cleaner developed for industry
By: Halima Frost 2nd November 2018 Cleaning equipment manufacturer and supplier Kärcher Industrial’s Window Vac Professional 10 (WVP 10 Adv) is now available to the South African market following the good reception received by participating contract cleaners, retailers and prospective clients in its test samples. Having made the... →
Kimmo guarantees safe packaging for transportation
19th October 2018 When choosing a packaging option for goods that will be shipped to neighbouring countries, honeycomb fibreboard manufacturer Kimmo Packaging director Jan Vreken says it is essential to look for a packaging option that is International Standards for Phytosanitary Measures No. 15 (ISPM-15)... →
Opportunities abound for Italian entrepreneurs expanding into Africa
By: Shannon de Ryhove 12th October 2018 The Italian-South African Chamber of Trade and Industries says Italian companies are becoming increasingly positive about the opportunities offered by South Africa, which is being acknowledged as a hub from which to expand and invest into surrounding African countries, says Italian-South African... →
Company offers paper alternative to wooden and plastic pallets
17th August 2018 Transport packaging company Kimmo is driving the industry to switch to paper pallets as alternatives to the usual wooden and plastic pallets. The company manufactures paper pallets using honeycomb fibreboard in South Africa. According to the founder of Kimmo Jan Vreken, he discovered honeycomb... →
Flooring company takes over linoleum activities
13th April 2018 Production and distribution of flooring, wallcovering and finishes global leader Gerflor entered into a binding agreement to acquire floor coverings manufacturer DLW Flooring’s linoleum activities. Consummation of the transaction is subject to customary regulatory approvals and was expected to... →
Changing of the guard on eve of golden anniversary
13th April 2018 Interior flooring supplier and installer KBAC Flooring will celebrate the fiftieth anniversary of operations next year with three new key executive appointments. Brandon Park has been appointed KBAC’s new CEO, Ashleigh Keefer as its new CFO, and Etienne Louw as the new MD. →
Company bolsters international presence
13th April 2018 Surfaces design and architecture producer and distributer Cosentino Group is continuing to push ahead with the international expansion of its own assets with the opening of the first Cosentino Centre in South Africa, the company noted in an announcement on February 7. In the floor coverings... →
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