Premier Valves acquired by AVK
3rd Quarter 2014
News & events
A majority stake in South Africa’s Premier Valves Group (PVG) has been acquired by Denmark’s AVK, one of the world’s leading valve manufacturers. The R100 million investment will see AVK South Africa become compliant with the DTI’s new Designation Law, requiring state-owned entities to buy locally manufactured products with a 70% local content. PVG’s existing factory in Alrode Johannesburg will be upgraded, creating 80 new jobs. AVK will also set up a state-of-the-art resilient seal valve (RSV) manufacturing unit, producing up to 80 000 RSVs a year.
Tjaart van der Walt, director of AVK Holding Southern Africa.
“This acquisition represents a substantial investment by one of the world’s leading valve manufacturers. It attests to the efficacy of DTI policy aimed at re-industrialising South Africa to meet the requirements of its state-owned enterprises and infrastructure spend by providing large volumes of world-class, competitively priced valves locally,” said Tjaart van der Walt, director of AVK Holding Southern Africa.
PVG is one of South Africa’s largest and longest established valve manufacturers. While it supplied many of the valves in South Africa’s major power stations and water infrastructure projects, cheap imports from China prior to the DTI’s designation of valves for local content forced PVG to downsize and import valves to survive.
PVG is now in the process of re-building its productive capacity. AVK is one of the world’s leading valve manufacturers, with manufacturing operations in nine countries. The company has a net turnover of approximately R6,4 billion and is present in 80 countries.
For more information contact Tjaart van der Walt, AVK South Africa, +27 (0)21 981 4414, [email protected], www.avkvalves.co.za
Further reading:
Schneider Electric’s next generation UPS
Schneider Electric South Africa
News & events
Schneider Electric has launched the new Galaxy VXL – a highly efficient, compact, modular, scalable and redundant 500-1250 kW (400V) 3-phase uninterruptible power supply, complete with enhanced cybersecurity, software and safety features.
Read more...
Bühler’s strategic upgrades advance world-class manufacturing excellence
News & events
2024 was pivotal for Bühler Johannesburg due to significant upgrades at its manufacturing facility to enhance efficiency, safety and the overall working environment.
Read more...
Fuchs Lubricants sails strong into 2025
News & events
The successful completion of a major investment programme has significantly increased the growth potential of Fuchs Lubricants South Africa.
Read more...
WearCheck launches advanced thermography course
News & events
WearCheck recently launched a new training course, InfraFocus to upskill users of thermographic cameras. This highlights the best ways to capture thermographic imagery for use in a condition monitoring programme.
Read more...
SKF empowers employees
SKF South Africa
News & events
The cornerstone to SKF’s success as a global leader in premium bearing products and rotating technology is an unwavering commitment to investing in its valued employees. Tsholofelo Choma, who now proudly holds the position of quality environmental health and safety (QEHS) officer, exemplifies SKF’s employee-centricity ethos.
Read more...
Schneider Electric again named World’s Most Sustainable Corporation
Schneider Electric South Africa
News & events
Schneider Electric has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights, and is the only company to rank first in the Global 100 twice.
Read more...
From the editor's desk: A new disruption
Technews Publishing
News & events
Just when we thought we were getting to grips with ChatGPT, another large language model is causing havoc. This time it’s a Chinese one called DeepSeek, which was released on 20 January 2025 and on
...
Read more...
Festo celebrates its centenary
Festo
News & events
Creating added customer value through innovation has been the driving force behind the family-owned company from the beginning and remains the key to Festo’s success today. The company’s anniversary is being celebrated with employees, customers and partners worldwide throughout the year.
Read more...
Motion technology for all types of automation
Bearing Man Group T/A BMG
News & events Electrical switching & drive systems & components
BMG has been appointed by The Timken Company as a distributor in southern Africa for the Rollon linear motion guidance system.
Read more...
Epiroc and ABB collaborate on underground trolley solutions
News & events
Epiroc and ABB have signed a MoU based on underground trolley equipment to collaborate on joint, comprehensive and integrated electrification solutions for the mining industry to increase productivity and achieve decarbonisation targets.
Read more...
printer friendly version