HYDAC has new B-BBEE partner

Second Quarter 2023 News & events

HYDAC, along with economic empowerment partner, Uven Moodley, has established a 51% black-owned company dedicated to delivering solutions to South Africa’s mining industry. The new company, HK Mining Solutions, is 51% owned by Moodley, and the business will be ring-fenced for the mining industry.

Moodley has been part of the engineering industry for 30 years and has held positions at engineering, management, director and shareholder levels in several successful companies. HK Mining Solutions is equipped to offer countrywide services to South Africa’s mining industry. The company will initially be registered as an Exempted Micro Enterprise (EME), with views to rapidly growing into a Qualifying Small Enterprise (QSE).

Moodley believes that with a partner of HYDAC’s global stature and presence in countries that are strong in mining, HK Mining Solutions will be able to add value and improve the reliability of mining operations in the local mining industry by leveraging off HYDAC’s local and international expertise. This aligns with HYDAC’s core business, which is turnkey mobile and industrial hydraulics, along with lubrication and filtration solutions, and diesel and process filtration.

“With HK Mining Solutions I feel I have circled back to engineering, where my passion lies. We are looking to extend our scope and range to mining-specific customers. As part of HK Mining’s growth strategy we will be looking at expanding our footprint into mining areas by either direct presence or partnering with local complementary engineering companies,” concludes Moodley.

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