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Denel [South Africa] |
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World ranking: 93 Denel (PLY) Ltd, Denel building, Jochemus St, Erasmuskloof, Pretoria BACKGROUND Denel was formed in 1992 with the South African government as the sole shareholder. In the late 1990's the govern-ment began a restructuring programme in which Denel was scheduled for at least partial privatisation, and in 2000 named BAE Systems as its preferred strategic partner for Denel. BAE Systems was to take a 30% equity stake, but the deal fell through unexpectedly in 2003. The company is organised into Aerospace, Ordnance and Commercial businesses, with a number of subsidiaries in each. Aerospace subsidiaries include Eloptro and Kentron, and Ordnance subsidiaries include LIW, Naschem, PMP, Somchem, Swartklip Products, and Vector. All of these are exhibiting at DSEi 2003. What it makes Denel manufactures a wide variety of military products including artillery and artillery ordnance, missiles, avionics, the Rooivalk attack helicopter, unmanned aerial vehicles, infantry weapons and ammunition, thermal imaging prod-ucts and communication and control systems. Exports Over 50% of Denel's sales are now from exports. 2It defines its markets as: Europe, North America, South America, Middle East, Asian Pacific and Africa (including South Africa). 3 Its 'leading ordnance technologies... find ready export markets in the North Atlantic Treaty Organisation (NATO) and elsewhere.' 4 Its deals include a 1998 agreement with the Algerian government to supply unmanned surveillance planes worth US $25m, at a time when the Algerian government was involved in violent conflict with Islamist opponents. 5 It is presently trying to sell a new variant of its G5 towed howitzer to meet the Indian Army's requirement. 6
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1 www.armsdeal-vpo.co.za/special_items/reports/denel_2002-04-24.html
accessed 15.08.2003 |
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