Scaw Metals Group is investigating expanding current operations in other African countries, says the newly appointed CEO of the steel manufacturing company Markus Hannemann.
The group which recently changed hands from Anglo American to a consortium led by the Industrial Development Corporation (IDC) announced yesterday the appointment of Hannemann.
The new CEO said “Our growth plans are two-fold and driven off expanding our footprint across the continent, while at the same time leveraging our local assets towards driving a smarter and more efficient steel beneficiation business. This absolutely underpins the performance of our business as a whole but also create the opportunity for us to invest meaningfully in our own people as we make this a reality”.
Hannemann was drawn from within the ranks of the company. A qualified Mechanical Engineer who also has a Masters in Business Administration, Hannemann been with Scaw for over 25 years. “During this time he has been exposed to the vast majority of the Group’s businesses, both locally and internationally. This exposure has provided him with a strong grounding and valuable experience to stabilise and place the business on a new growth trajectory”.
The group said the appointment is a key lever in the Group’s growth aspirations, which is focused on delivering a smarter and more efficient steel beneficiation business, combined with an expansion of its facilities.
“The impact of steel exists far beyond the commodity. Scaw is more than just a primary steel producer. Scaw is a niche beneficiator adding value to primary steel. The resultant secondary steel products are currently supplied to a wide range of markets both locally and globally. Scaw’s value-add model, positions it well to capitalise from expansionary and infrastructure investments across SA and the continent”, said Hannemann.
Ufikile Khumalo, Executive Chairman, Scaw Metals Group said “With the amount of experience that Markus brings, the Board and I believe that the group will reap the benefits and will be adequately aligned to not only grow the business but to benefit the lives of our employees and their families. Our investment in people at all levels is a key focus for the group, as it allows is to allows us to prioritise the skills needed for a sustainable steel beneficiation business”.