Technical support is also provided to all other company activities, such as removal and installation of offshore drilling equipment have a look at our Derrick Services page or supply of lifting and construction personnel, thus creating an all-encompassing service from inception to completion.
The review was aimed at identifying the businesses and assets that are core to the group and which support its overall long-term strategy, determining the most appropriate operating structure, as well as identifying a sustainable future capital and funding model.
Advertisement Chairperson and acting CEO Eric Diack said the review has highlighted that the Aveng business has reached a critical juncture and that decisive action is now required to create a sustainable future. Advertisement The six-pillar plan is focused on simplifying, reshaping, growing, disposing of certain assets, deleveraging and unblocking shareholder value within the business.
A further outcome of the strategic review is the decision to exit the Aveng manufacturing businesses, which will position these individual businesses to compete more effectively.
The difficult economic landscape continued to have an adverse impact on revenue growth for the Aveng manufacturing and processing operating group. He further noted that the outlook for the infrastructure market in South Africa remained subdued, with limited visibility on large-scale projects.
However, recent changes in the political environment have led to improved sentiment in South Africa. Further, he said the focus would remain on optimisation efforts in Aveng Steel to deliver a break-even result in the current depressed market conditions, which are expected to persist.
We have also begun work on a potential capital market transaction and further details will be provided at the appropriate time.NDT Managers conference abstracts and presentations from the annual NDTMA conference in Las Vegas, NV.
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Background of Roscoe and the NDT Industry Found in in Western Louisiana, Roscoe Nondestructive Testing Inc., is a company specialized in provision of testing service for large boilers of pulp and paper mills industry.
Inspection jobs - of Receive Inspection jobs by email from Oil and Gas Job Search. With over 30 years’ experience in the industry, Rick is a fully qualified Lifting Equipment Engineer whose LEEA Diplomas held include Runways and Light Crane yunusemremert.com is also qualified as an instructor in various disciplines for Lifting plant.