Hydraulic hose importer reports soaring business
First Quarter 2006
News & events
Citing economic and currency stability, a new respect for Chinese product within the hydraulic hose industry, improved research and development (R&D) facilities and a strategic re-evaluation of operations, Genflex Hydraulics of Johannesburg report a 41% increase in turnover during the last six months of 2005.
Bruce Garner, managing director of Genflex Hydraulics said: "2005 has been a good year for Genflex, with the company winning two major mine contracts in the last few months in addition to winning contracts in Zambia and Botswana.
David Michelle, Genflex director
"Our product is exceptionally competitive not only in price but also in quality within South and southern Africa. This year has been the year that we have finally established the Genflex brand on our hydraulic hose supplies. We have demanded, and received from China, a better quality outer cover; with sizes and tolerances that are strictly adhered to - and every metre of hose imported has been tested to twice the maximum working pressure. It is also our intention to increase our stockholding during the first six months of 2006 from R8 million to R10 million."
The company will be importing from China during 2006 in the region of R1,5 million worth of hydraulic hose per month for local contracts. Genflex reports that there has been a gradual about-turn within the hydraulic hose industry, with hose consumers viewing Chinese imported product more positively.
"We have also looked inward at how our operations are strategically run, and have made the appropriate changes to ensure our continued growth, Says director, David Michelle. "I believe that this has helped Genflex become more creative in the way we do business. We are also considering identifying a strategic partner over the next 12 months to join us in recognising and assisting us with further operational changes that we feel need to be addressed.
Bruce Garner, Genflex managing director
We have invested heavily in R&D, with the installation of our new testing facilities during 2005 and we have also launched the Guiloswage portable hydraulic hose repair machine which will add greatly to what we are able to offer not only the mining industry, but also the construction, mechanical handling, agricultural and general engineering sectors, therefore expanding our business base. We have already sold three machines in the first six weeks of them being made available," said Michelle.
"Our new salesforce has also now bedded down and with the confidence of our R&D services behind them, are able to show to existing and potential clients the strength of the Genflex brand and its products, says Garner. "Genflex was formed some 14 years ago, with a turnover of less than R600 000 per annum. I think our current turnover of more than R50 million per annum is something Genflex and its staff should be proud of."
For more information contact Bruce Garner, Genflex Hydraulics, +27 (0) 11 900 3235, [email protected]
Further reading:
Innomotics certified for innovative mine winder braking system
News & events
Innomotics has achieved SIL 3 certification for the COBRA 02 S braking system for mine winder installations, together with OLKO-Maschinentechnik.
Read more...
BMG backs emerging driver talent in South African motorsport
Bearing Man Group T/A BMG
News & events
BMG has reaffirmed its commitment to local talent development through its sponsorship of Karabo Malemela, a driver on the Pablo Clark Racing Development Company’s motorsport development programme.
Read more...
Parker Hannifin brings advanced motion technologies to the World RX
Parker Hannifin - Sales Company South Africa
News & events
Parker Hannifin is back on the FIA World Rallycross Championship grid to push the limits of sustainable performance in one of motorsport’s toughest arenas.
Read more...
Prestigious award recognises inventiveness and entrepreneurial courage
Beckhoff Automation
News & events
Hans Beckhoff, managing director, owner and founder of Beckhoff Automation, was recently honoured with the widely acclaimed Rudolf Diesel Medal 2025. This medal honours him as a visionary pioneer in automation technology.
Read more...
Epiroc rocks youth development programmes
News & events
Epiroc is not just building equipment - it’s building futures. Through its dynamic internship and learner programmes, the mining equipment and services specialist is shaping South Africa’s next generation of skilled professionals, equipping them with real-world experience, industry knowledge and the confidence to launch successful careers.
Read more...
RS South Africa showcases industrial solutions at MTE Phalaborwa
RS South Africa
News & events
RS South Africa recently showcased its latest industrial and electronic solutions at the Mining and Technical Exhibition in Phalaborwa in Limpopo.
Read more...
LH Marthinusen launches new industrial fan manufacturing and services factory
News & events
LH Marthinusen has launched its new industrial fan manufacturing and services factory in Ekurhuleni. THis is a major milestone for South African energy infrastructure growth.
Read more...
Building skills and sharing knowledge for growth in Africa
SEW-EURODRIVE
News & events
As a leading provider of drive and automation solutions across the continent, SEW-EURODRIVE recognises that local insight and on-the-ground capability are critical to delivering effective sustainable results. The company continues to invest in people development and technical training within its network of African subsidiaries and partners, supporting the long-term growth of its customers and the broader industrial ecosystem.
Read more...
Schneider Electric drives innovation in Africa
Schneider Electric South Africa
News & events
Schneider Electric has officially launched its first Innovation Hub on the African continent, coinciding with the opening of its new regional headquarters in Midrand, South Africa.
Read more...
From the editor's desk: Riding the hype cycle
Technews Publishing
News & events
The other day, I came across an entertaining article on the ten biggest tech failures of the last decade. Google Glass, 3D TVs and Elon Musk’s hyperloop have all faded into obscurity. Others, like the
...
Read more...
printer friendly version