Omnia mulls over future of its portfolio star

    As the world moves towards sustainable farming methods, chemicals company Omnia is sitting on a gem – which it plans to sell. The question is, at what price? The management of JSE-listed chemicals company Omnia is in negotiations to sell the company’s crown jewel, US-based Oro Agri, at a presumed significant premium to the R1.2-billion it paid for the firm in March 2018. Omnia, which manufactures and supplies chemicals and specialised services for the agriculture, mining and chemicals application industries, alerted the market in June that it had received and…

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First Cut ‘cuts’ a vibrant new profile in Mpumalanga

First Cut is developing an exciting new profile in the Lowveld at Mbombela (formerly Nelspruit). Their presence builds on the foundation of an existing company, Bremsaw, which is a well-known local saw doctor business, explains Director of First Cut, Gary Willis. Dave and Anna Bremner owned the company for some 20 years. While the company had been a customer of First Cut for many years buying various sawing-related products, a change came about when Dave and Anna decided to sell their business. Willis has had a long and successful relationship…

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Manufacturing: Petroleum leads the slump in production and sales

    As a whole, manufacturing production saw a decrease in June 2019. According to the stats authority, the industry closed off the observed month with a 1.5% decrease in production. This is a -1.9% change compared to May. The only sector to maintain positive outputs was the food and beverage industry, which showed an increase of 3.7% in production and contributing a 1.0 percentage point towards the industry. These are the sectors that performed poorly: petroleum, chemical products, rubber and plastic products (-7,7% and contributing -1,7 percentage points); basic…

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Yokogawa Wins Control System Order for Water Source Facilities in Northwestern China’s Dushanzi District

Yokogawa Electric Corporation (TOKYO: 6841) announces that its subsidiary, Yokogawa China, has received an order from the Dushanzi Petrochemical Company, a subsidiary of PetroChina Company Limited, to deliver a control system for its water source facilities. This system will monitor and control various water source facilities managed by the Dushanzi Petrochemical Company in the Dushanzi District of Karamay, a city in China’s Xinjiang Uyghur Autonomous Region. The Dushanzi Petrochemical Company manages four sources that annually produce approximately 650 million m3 of water for use by its world-class Dushanzi petrochemical complex…

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