13/10/2017 | By Admin
German electronics manufacturing company Siemens has entered into a local manufacturing agreement with Cape Town-based black industrialist company Electro Inductive Industries (Eii).
Through this partnership, Eii will benefit from internationally recognised skills and knowledge transfer, while Siemens will benefit from having its own branded transformers that are mainly locally manufactured.
“The local transformer manufacturing industry will benefit significantly from this investment in bringing manufacturing technology and skill sets to South Africa, while the entire supply chain will also benefit from Siemens’ experience in global procurement and local sub-supplier development,” Siemens South Africa head of transformers Ronnie Naidoo said.
The investment will create jobs and bring new technology capability to South African industry.
“The new transformer partnership is a major milestone in the localisation of Siemens’ medium power transformers assembly, which forms part of government’s ongoing multibillion-rand Black Industrialist Programme that focuses on the localisation of electrical products such as transformers,” he said.
The manufacturing facility is currently being developed and upgraded in Cape Town to cater for a new line of Siemens transformers as part of its growth and job creation strategy.
Published in Creamer Media’s Engineering News (13 October 2017)
27/09/2024
It has been good to hear a change of tack from the Department of Trade, Industry and Competition, with the… continue reading
13/09/2024
It is with great sadness that Business Leadership South Africa (BLSA) learned of the passing of former minister and political… continue reading
04/09/2024
While Women’s Month is behind us, we continue celebrating the phenomenal women at the helm of some of BLSA’s member… continue reading
30/08/2024
Although Women’s Month is almost over, there is always good reason to celebrate the exceptional women leaders who are associated… continue reading
28/08/2024
Although Women’s Month is almost over, there is always good reason to celebrate the exceptional women leaders who are associated… continue reading
22/08/2024
Although Women’s Month is almost over, there is always good reason to celebrate the exceptional women leaders who are associated… continue reading
29/02/2024
Johannesburg 29 February 2024 – Business Leadership South Africa (BLSA) welcomes the appointment of a permanent executive team at Transnet… continue reading
21/02/2024
Finance minister Enoch Godongwane delivered a strong budget that commits government to appropriate spending levels given the weak economic outlook. … continue reading
05/02/2024
BACSA confirmed as the primary point of contact for Business interaction with government on crime and corruption through government structures,… continue reading