Steel Construction Vol 40 No 4 - Metal Cladding and Light Steel Frame | Page 24

INDUSTRY NEWS: in brief Industry news in brief MSA Africa fall arrest business set to soar following global acquisition MSA Africa’s potential for growth in local market share in 2016 is considerable, following the late-2015 acquisition of UK-based Latchways by the MSA Group. Latchways is a specialist in the design and manufacture of horizontal lifelines and vertical fall arrest systems that are used in the utilities, telecoms, construction and aircraft market segments. Latchways employs around 250 people globally and had 2015 revenues of approximately US$50-million. The transaction is valued at around US$190million, and significantly broadens the global MSA Group’s existing line of fall protection products, while strengthening the company’s position in the global fall protection market, which is estimated to be up to US$2-billion globally. MSA Africa director Colin Oliver indicates that the Latchways range is entirely different, yet perfectly complementary to the MSA range of fall protection solutions. He believes that the product range now has a better reach into Africa, thanks to a BELOW LEFT: Colin Oliver, MSA Director. BELOW CENTRE: Ian Fraser, Managing Director of RTS Africa Engineering. BELOW RIGHT: Gerrit van Zyl, Managing Director of Renttech South Africa. OPPOSITE PAGE: UNISA Students visit Robor. 22 Steel Construction Vol. 40 No. 4 2016 larger network of existing resellers and distributors that have direct support from the OEM. “This synergistic partnership offers a high-quality turnkey solution to the market that is backed up with unrivalled aftersales service. Adding the Latchways range to our existing solutions is beneficial to our customers, as we now provide the end-user with a comprehensive portfolio of fall arrest solutions that can be used individually, or in conjunction with one another,” he states. Oliver anticipates that MSA Africa has the potential to grow its fall arrest business significantly during the course of 2016.“This acquisition holds enormous potential for us to dramatically expand our specialised fall protection portfolio to potentially become the largest across existing Sub-Saharan African markets, while penetrating new sectors, such as aviation,” he concludes. Perspective, innovation and positivity: the keys to successfully mastering current economic challenges In challenging circumstances it is refreshing, at the very least, to hear one of the most experienced figures in South Africa’s engineering sector offer an unabashedly positive view of the country’s future. That may be because Ian Fraser, Managing Director of RTS Africa Engineering, has the advantage of the long view. “I was born in 1940, and things were challenging then, to say the least,” Fraser remarks. Fraser does not diminish the seriousness of current political and economic events, but maintains they must be kept in perspective. “In many ways, we’ve been here before. The rand dropped in value overnight by about 70% after P.W. Botha’s ‘Rubicon’ speech. Commodities internationally have crashed previously. Both Fitch and Standard & Poor’s kept South Africa at junk status for several years after the advent of democracy,” he says. The answer to the challenges now, as then, is to keep on keeping on:“Down at the ‘coalface’, we just get up in the morning and we go out and do it,” he comments. In Fraser’s case, this has involved building a specialised engineering company with noted expertise in dust extraction, hydrogen generation and boiler tube leak detection. Fraser’s work also brings him into contact with several other industries, including the glass, steel and energy sectors. He encounter s businesses that are struggling, but also companies that are booming in spite of local and global economic uncertainty. “To give you just one example: we have a fabricator in Pretoria who does all our metal work for us and is extremely busy. So the critical question is: Why are some not able to do it, and others are?” he asks. “I have to say that I believe the key issue here is innovation.You have to remain aware of what is changing. The minute you let technology pass you by, you are lost.”