Despite strong competition, a.b.e. Construction Chemicals’ sales growth in 2014 is expected to continue this year, driven by the launch of new products, inroads into Africa, and significant market share gains, explains Norman Seymore, international vice-president of a.b.e.’s holding company, the Chryso Group.
Speaking at a Chryso Group Safety Day function at the a.b.e. head offices in Boksburg, Seymore said a.b.e.’s profit margins were still under pressure due to current unfavourable exchange rates and a high import content in the company’s product range. a.b.e.’s Export Division performed strongly into sub-Saharan Africa. The Chryso Group will open an office in Kenya this year to support both a.b.e. and Chryso’s East African development. As the Chryso Group is experiencing faster growth in exports than in the local market, they have launched their products in Angola and are considering developing business in Nigeria this year.
They intend strengthening their business in Mozambique and Zambia by employing dedicated sales staff to support traditional distributors. a.b.e. will launch several important new products in 2015 – a vital part of their growth strategy which is aimed at a.b.e. offering more solutions customers
Reflecting on a.b.e.’s current performance, Seymore said its Polyurea segment now supplied products that completed the company’s product offering for waterproofing, flooring and coatings, and that the various other segments of the company’s operations had generally also performed well, particularly in the Flooring sector where growth had surpassed budget expectations.
a.b.e. is also continuing to invest in expansion and improved manufacturing plants. Further Capital Expenditure projects for both the a.b.e. Boksburg liquid and powder plant have already started and the a.b.e. Isipingo plant is also investing in new packaging lines in 2015.
Seymore said that this year the company had created Product Segment Forums to replace the company’s traditional Product Managers’ roles. The new Forums were made up of staff representing the retail, construction, technical and marketing departments to ensure that all areas of the company were represented.
“The company’s commitment to safety also remains of paramount concern, and our Group’s annual Safety Day in mid-March endorses our commitment to the safety of all our staff,” he says.
a.b.e. Construction Chemicals holds ISO9001 accreditation for its Boksburg, Isipingo and Mount Edgecombe factories and offices, and its other operations are expected to be ISO9001-compliant during 2015. The company is planning to have all its branches OSHAS18001-accredited by the end of 2015. Extensive safety training for staff at all levels formed part of the proceedings at the global Chryso Group’s Safety Day programme which took place in March.