ELB Group Limited - Trading Update
ELB Group Limited
(Registration number 1930/002553/06)
Ordinary Shares: Share code: ELR ISIN: ZAE000035101
Preference Shares: Share code: ELRP ISIN: ZAE000035333
(`ELB`)
TRADING UPDATE
ELB, one of the leading mining equipment suppliers in South Africa for the last
75 years, is continuing to expand the capacity and product range of its mining
equipment division. A new company, ELB Engineering Services (Proprietary)
Limited (`ELB Engineering`), has been formed under the managing directorship of
Dr Stephen Meijers. ELB Engineering will be held 70 per cent by ELB and 30 per
cent by its executive and will focus on providing clients with niche materials
handling equipment solutions and consulting services.
As part of the planned strategy ELB Engineering has entered into an exclusive
technology and equipment supply agreement with Koch Transporttechnick Gmbh
(`Koch`). Koch has for the last 45 years been a world leader as an innovative
solutions provider in the areas of bulk material handling equipment. Apart from
generating new opportunities ELB Engineering will continue to service all Koch`s
existing clients in the Southern African region.
The ELB Equipment division is presently in discussions with various other
technology and equipment suppliers with a view to expanding the range of
equipment and services.
Hyde Park
9 July 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE
Date: 09/07/2004 10:33:54 AM Produced by the JSE SENS Department
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