JSE listed Insimbi Refractory and Alloy Supplies announced that it expected its earnings and headline earnings a share from continuing operations for the six months ended August 31 to be between 22% and 27% lower than that of the prior corresponding period.
The company stated that the decline in earnings could be attributed to the four-week strike by the National Union of Metalworkers of South Africa in July, which had a significant impact on Insimbi’s foundry and aluminium businesses.
“Unfortunately owing to intimidation during the strike, the other sectors of Insimbi’s business which did not fall under Numsa, [such as] cement, paper and pulp, and textiles were also affected as this made logistics impossible,” Insimbi explained, adding that it was important to note that all operations performed well during the rest of the reporting period.
Insimbi would release its interim results by November 30.
Appointed IKN GmbH agents
The Insimbi Group is pleased to announce that IKN GmbH appointed Insimbi Alloy Supplies (Pty) Limited to act as their sole agent for the Sub Sahara African region.
IKN GmbH is a medium size company located in Neustadt near Hanover, Germany. The company’s root and strength within the cement industry is the field of clinker cooling, namely the IKN Pendulum Cooler®. At the beginning, IKN revolutionised the cement industry with the development of the clinker inlet distribution system, called KIDS®. Whereas it has been introduced as an upgrade to existing clinker coolers, today it forms an integral part of the IKN Pendulum Cooler®.
Further innovations, such as the highly precise and wear-less mobile frame support, called LPS®, manifested the company’s success. In 2002, IKN extended its activities further by acquiring PSP in the Czech Republic. With the integration of the PSP Pyro engineers, the company extended its competence towards the entire kiln burning line under the name of IKN.
IKN and PSP together provide excellent know-how and in-house manufacturing capabilities for entire greenfield installations and refurbishment projects.
Over the years, the core business of Insimbi has expanded and today the company operates seven divisions, which are based on industries and geographic locations, as follows:
• Refractory Division which services the steel industry’s refractory requirements
• Speciality Division which services the welding and optical industries
• Steel Division which services the steel industry’s raw material requirements
• Foundry Division which services the foundry industry, both automotive and heavy
• Non-Ferrous Division which services the aluminium industry
• Rotary Division which services the cement industry’s refractory requirements and
• KwaZulu-Natal Division which services the KwaZulu-Natal and Mozambique markets
• Western Cape which services the Western Cape markets in all of the above products
The expansion of Insimbi’s core business has resulted in the strengthening of the company’s technical back up and product ranges into the following major manufacturing industries:
• iron and steel
• ferrous and non-ferrous
• aluminium smelters
• copper mining
• paper mills
• sugar mills and
• electro platers
Insimbi also caters for the small niche suppliers and markets and has over time diversified into a number of different product lines and fields, namely:
• ceramic bricks/linings
• aluminium alloy
• technical textiles and
• kiln re-alignment and mechanical preventative services
For further details contact Insimbi Alloy Supplies on TEL: 011 902 6930 or visit www.insimbi-alloys.co.za