DCD Rolling Stock’s massive recapitalisation
1st Quarter 2014
News & events
DCD Rolling Stock recently launched phase 1 of its R240 million recapitalisation programme. Public Enterprises Minister, Malusi Gigaba delivered the keynote address. The programme will consolidate its position as a leading manufacturer and supplier of locomotives, wagons and bogies to railway, mining and industrial operations. The programme involves the implementation of new and advanced technology to enhance the company’s competitiveness.
DCD Group MD, Rob King (l) and Public Enterprises Minister, Malusi Gigaba at the phase 1 launch.
Phase 1 involves a R100 million investment in the regaining and upgrading of its 42 000 m² manufacturing facility and its manufacturing equipment, including the installation of four robotic welding cells. “The railway industry in South Africa and the rest of the continent looks set to rapidly expand. It is therefore important for DCD Rolling Stock to proactively prepare for this by investing in our people and infrastructure,” said general manager, Petrus Mulaudzi.
Under-developed countries with burgeoning mining industries, such as Mozambique, Zambia and Tanzania, will serve as the catalyst for railway development, due to the fact that an increasing number of mines will require a link to a port for exporting purposes. “It is clear that government intends to invest heavily in infrastructure over the next seven to 15 years, particularly in the energy and rail sectors. It is for this reason that we are aiming to create a local manufacturing environment that ensures long-term sustainability,” he concluded.
For more information contact Petrus Mulaudzi, DCD Rolling Stock, +27 (0)11 914 1400, [email protected], www.dcd.co.za
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