August 09, 2008

BSI Steel breaks ground for steel processing unit at Gauteng

Steel products stockiest, processor, trader and exporter, BSI Steel announced that it had broken ground this week for a ZAR 70 million steel processing and distribution depot at Meyerton in Gauteng in South Africa.

The Meyerton depot would be situated on a 23 hectare site owned by BSI, and would boast a 17 000 square meters under roof facility aimed at consolidating the group's processing and trading activities servicing Gauteng and overland African exports. The warehouse and office block would be completed by February 2009, with the installation of the slitting line commencing in November this year.

The new processing facility would include a second cut to length line, recently ordered from Reef Engineering and a slitting line, which was rebuilt last year.

Mr William Battershill CEO of BSI said that "With efficiencies being of vital importance in this industry, continuing to operate several businesses spread throughout Gauteng was untenable. Consolidation of our business into the new facility will significantly improve our service levels to our customers throughout Southern Africa and improve synergies between the various trading operations.”