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The Manufacture and Wholesale of Metal Fasteners
This report focuses on the South African metal fasteners sector which is a small contributor to the manufacturing sector. The industry consists of local manufacturers and distributors/wholesalers of locally manufactured products as well as imported products, which are dominant in the domestic market. The major wholesalers and importers are BMG, Boltfast, Bascol and Bolt & Engineering Distributors. Major diversified listed companies that are active in the sector include Invicta and Bidvest (Afcom). Key end-users include the mining, automotive, construction, rail, energy, agriculture and manufacturing industries. Metal fasteners were traditionally sold through distributors, but as a result of difficult business conditions some manufacturers have started to sell directly to end-users.
Coupled with weak economic growth and cheap imports from China, local manufacturers are facing difficult trading conditions. The prices of raw materials used in the production of steel have been highly volatile while constrained electricity supply and increasing electricity costs have affected electricity-intensive sub-sectors in the metals and engineering sector. Insufficient transportation infrastructure has led to production disruptions and higher input costs. Manufacturers of metal fasteners lack competitive advantage when it comes to product design as the product is standard and can be manufactured anywhere in the world, which means that price becomes very competitive.
This report covers the manufacture and wholesale of metal fasteners, and describes the state of the industry, local and international conditions and developments and factors influencing the sector’s success. It includes comprehensive profiles of 32 companies including EMVAfrica, formed through the 2018 merger of Energy Engineered Products, Multi Alloys and E-Metals Cape. It also profiles companies such as Hilti, which is using innovative technologies for chemical fasteners and for grating fastenings on steel and aluminium in highly corrosive environments, and Connectco Fasteners, which took over the manufacturing operations of Fascor.