360° Coverage : Tata Africa in franchise deals to sell building equipment

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Tata Africa in franchise deals to sell building equipment

Nov 12 2013, 5:14am CST | by IANS

Nairobi, Nov 12 (IANS) Tata Africa Holdings (TAH) has entered into franchise agreements with Asian building-equipment makers to distribute their machinery and equipment throughout Africa.

Nairobi, Nov 12 — Tata Africa Holdings (TAH) has entered into franchise agreements with Asian building-equipment makers to distribute their machinery and equipment throughout Africa. TAH has signed...

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1 year ago

Tata Africa in franchise deals to sell building equipment

Nov 12 2013, 5:14am CST | by IANS

Nairobi, Nov 12 (IANS) Tata Africa Holdings (TAH) has entered into franchise agreements with Asian building-equipment makers to distribute their machinery and equipment throughout Africa.

Nairobi, Nov 12 — Tata Africa Holdings (TAH) has entered into franchise agreements with Asian building-equipment makers to distribute their machinery and equipment throughout Africa.

TAH has signed agreements with Hitachi Construction of Japan, India's Aquarius Engineering and Traxbuild of Singapore to start selling their products in Africa in an arrangement that will also see Tata provide after-sales service and parts to customers.

The company will be distributing construction and engineering equipment across Africa, hoping to take advantage of the construction and mining boom currently sweeping across most of the continent.

Also looped into Tata Africa's efforts to grow its business is VT LeeBoy, an American firm owned by VT Systems and specialised in manufacture of building equipment.

TAH, besides selling the products for the companies, will also offer after-sales service and support and sell parts using its various branches and workshops spread across Africa.

In newspaper advertisement placed in Kenyan Newspapers, TAH said it has arranged for financing with local banks to enable interested contractors and builders acquire the machinery in a convenient way, and at competitive prices.

The company, whose headquarters are in Johannesburg, South Africa, will be distributing earth movers, road graders, excavators, backhoe loaders, wheel loaders, batching plants and concrete pumps, among others, thus becoming one of the biggest one-stop shops for construction and building needs in Africa.

TAH, which has 11 subsidiaries in the continent, will use its motor vehicle, mining, engineering and ICT businesses network to make available products in Africa, which is seeing a spurt in huge infrastructural projects with economies growing at an average rate of seven percent over the past three years.

The Indian firm has operations in Kenya, Uganda and Tanzania in the East Africa region, while in southern Africa the company has operations in Zambia, Zimbabwe, South Africa and Mozambique. In West Africa, it has a presence in Nigeria, Senegal, Ivory Coast and Ghana.

Its interests, besides automobiles, include mining, as in Kenya where Tata Chemicals is involved in soda ash mining, Information and Communications Technology (ICT) in Nigeria, and hotels and steel-making in South Africa.

(Maina Waruru can be reached at mainawaruru@gmail.com)

IANS

Source: IANS

 
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3 weeks ago

Johnson Controls' CEO Molinaroli 'bullish' on building efficiency business

Oct 30 2014 3:02pm CDT | Source: Business Journal of Milwaukee

Coming off of a record sales year, Johnson Controls Inc. has focused on re-creating itself as a multi-industrial company as it has shed some of its automotive-related businesses. Over the past year, the Glendale-based company, a manufacturer of batteries, automotive interiors and building management technology, created a joint venture with Hitachi to expand its building efficiency product offerings, and a joint venture with its automotive interiors business, reorganized its building efficienc ...
Source: Business Journal of Milwaukee   Full article at: Business Journal of Milwaukee
 

 
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4 weeks ago

Hitachi profit nearly triples, raises full-year forecast

Oct 29 2014 3:15am CDT | Source: Business Insider

Tokyo (AFP) - Hitachi said Wednesday its net profit for the six months to September nearly tripled to $850 million as the Japanese giant hiked its full-year earnings forecast.The vast conglomerate said net profit soared to 91.54 billion yen ($850 million) during the first half of its fiscal year to March, up from 32.77 billion yen a year earlier, as it pointed to a strong performance in its information technology and elevator divisions.Operating profit rose about 23 pe ...
Source: Business Insider   Full article at: Business Insider
 

 
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7 weeks ago

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Source: Canadian Business Online   Full article at: Canadian Business Online
 

 

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