Bell Equipment is set to launch a new business, called Bell Heavy Industries (BHI), at the Mining Indaba in February next year. BHI will be an arm of Bell Equipment Company South Africa, which is 51% black-owned, says Bell Equipment CEO Leon Goosen.
Bell Equipment is set to launch a new business, called Bell Heavy Industries , at the Mining Indaba in February next year.
“The critical need for simple logistics routes has been clearly demonstrated over the last few years,” says Goosen. Goosen believes that Bell Equipment’s normal work could utilise the plant for one or two shifts, while a third shift could use the same equipment to make products such as railway bogies or excavator buckets.
Bell on Tuesday recorded a 42% increase in revenue for the six months ended June 30, to R6-billion, compared with the same period last year. Goosen says strong demand in most markets resulted in the group “performing well”. Goosen notes, however, that the high global inflation and input cost increases witnessed last year continued to impact the group’s margins.
Goosen adds that operating conditions have also been challenging, with ongoing supply chain issues and staff shortages at the Bell plant in Germany. This constrained growth, as well as Bell’s ability to fully capitalise on market demand.
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