| Tue 18 Nov 2008, 11:05 | | LAF - Lonrho - e-Kwikbuild Opens New Factory to Meet Demand |
|
LAF
LOLAF
LAF - Lonrho - e-Kwikbuild Opens New Factory to Meet Demand
Lonrho Plc
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho" or "the Company")
e-Kwikbuild Opens New Factory to Meet Demand
18th November 2008
Lonrho (AIM: LONR) the conglomerate with a structured portfolio of African
investments is pleased to announce that e-Kwikbuild, its 62% subsidiary, has
completed and commenced production from a new prefabricated panel production
plant in Port Elizabeth, South Africa.
The development of the new production plant has not only increased e-Kwikbuild`s
capacity but has also permitted the redesign and enhancement of certain elements
of the e-Kwikbuild product to ensure that it remains a market leader in the
supply of high quality prefabricated buildings. The new plant incorporates state
of the art applications to the manufacturing process.
The new 2,700m2 factory can produce up to 240 (3 square metres) panels in each
six hour shift and will facilitate e-Kwikbuild`s ability to meet existing, and
forecast demand for its products.
The first deliveries for buildings from the new plant are being manufactured for
a new teaching facility at Walter Sisulu University, a Nurses Accommodation unit
at Cecilia Makiwane Hospital, and a seven classroom school at Sterkspruit, all
in the Eastern Cape.
Kwikbuild designs and builds insulated prefabricated buildings including houses,
offices, schools, clinics and dormitories. The Kwikbuild products give a pre-
engineered building solution providing a cost effective, environmentally
friendly building, which requires low maintenance and can be installed in days.
David Lenigas, Lonrho`s Executive Chairman commented:
"Since Lonrho invested in e-Kwikbuild in October 2007, the management`s focus
has been to increase production capacity to meet demand. The commissioning of
the new factory is a milestone for the company and a building block for growth.
The opportunities for e-Kwikbuild products from existing clients such as Eskom,
the South African Government and others in South Africa are considerable, but we
believe significant future growth can be generated through Lonrho`s pan African
presence. We are expecting new orders from Angola, Mozambique and the DRC now
that the factory is open."
Enquiries
Lonrho Plc +44 (0)20 7016 5105
David Lenigas, Executive Chairman +44 (0)7881 825 378
Geoffrey White, Chief Executive +44 (0)7717 307 308
Officer
Emma de Borchgrave, Executive +44 (0)7867 785 177
Director
Pelham PR
Charles Vivian +44 (0) 20 7743
6672
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7743
6375
+44 (0) 7841 672831
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company`s shares are traded on the London AIM
stock exchange (LONR). Lonrho is strategically focused on the development of
business opportunities in infrastructure, transportation, support services,
hotels and natural resources. The Company has over 19,000 shareholders and
substantial institutional backing to support its mandate to build a profitable
business that plays a fundamental role in the development of the African
economy.
Since 2006, the Company has invested in or acquired control of:
Hotel Cardoso - www.hotelcardoso.co.mz
Lonrho Mining - www.lonrhomining.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Swissta Holdings - www.swissta.com
Bytes and Pieces www.bytespieces.com
Kwikbuild - www.e-kwikbuild.co.za
Rollex - www.rollex.co.za
LonZim - www.lonzim.co.uk
South African sponsor to Lonrho Plc
Java Capital (Proprietary) Limited
Date: 18/11/2008 11:05:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
