Localisation in the capital equipment and valves industry presents enormous economic opportunities for companies along the value chain, according to the National Foundry Technology Network (NFTN).
As an industry support programme, the NFTN has a mandate to support the steadily declining metal castings (or foundry) industry. Project manager responsible for technology transfer and localisation at the NFTN, Isidore Kilongozi, believes that both upstream and downstream producers will need to work together in order to unlock synergy within the supply chain.
“The South African government’s localisation strategy aims to reduce imports by at least 20%. There are approximately 120 active foundries across SA and each of them have a vital role to play in the manufacturing value chain, particularly in achieving targets of local content,” says Kilongozi.