{"id":78,"date":"2014-08-05T15:44:40","date_gmt":"2014-08-05T13:44:40","guid":{"rendered":"https:\/\/www.remgro.com\/group-investments\/industrial\/"},"modified":"2025-10-28T13:37:04","modified_gmt":"2025-10-28T11:37:04","slug":"industrial","status":"publish","type":"page","link":"https:\/\/www.remgro.com\/group-investments\/industrial\/","title":{"rendered":"Industrial"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p class=\"lead\">[vc_section css=&#8221;.vc_custom_1698489269966{margin-left: 0px !important;padding-left: 0px !important;}&#8221;][vc_row css=&#8221;.vc_custom_1698489309472{margin-right: 0px !important;margin-bottom: 20px !important;margin-left: 0px !important;padding-left: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1698489330069{margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 10px !important;padding-bottom: 10px !important;padding-left: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1761577964490{margin-bottom: 0px !important;}&#8221;]\n<div class=\"icon-box\">\n<div class=\"responsive-table\">\n<table class=\"table-inv-review2 table-fin-report\">\n<thead>\n<tr>\n<th align=\"left\">\u00a0Contribution to headline earnings<\/th>\n<th align=\"right\" nowrap=\"nowrap\"><strong>30\u00a0June<br \/>\n2025<\/strong><br \/>\nR\u00a0million<\/th>\n<th style=\"font-weight: normal;\" align=\"right\" nowrap=\"nowrap\">30\u00a0June<br \/>\n2024<br \/>\nR\u00a0million<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\">\u00a0Air Products<\/td>\n<td class=\"highlight-col\" align=\"right\" nowrap=\"nowrap\"><strong>643<\/strong><\/td>\n<td style=\"font-weight: normal;\" align=\"right\" nowrap=\"nowrap\">566<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">\u00a0TotalEnergies<\/td>\n<td class=\"highlight-col\" align=\"right\" nowrap=\"nowrap\"><strong>194<\/strong><\/td>\n<td style=\"font-weight: normal;\" align=\"right\" nowrap=\"nowrap\">553<\/td>\n<\/tr>\n<tr>\n<td align=\"left\">\u00a0Wispeco<\/td>\n<td class=\"highlight-col\" align=\"right\" nowrap=\"nowrap\"><strong>284<\/strong><\/td>\n<td style=\"font-weight: normal;\" align=\"right\" nowrap=\"nowrap\">289<\/td>\n<\/tr>\n<tr class=\"border-bottom\">\n<td align=\"left\">\u00a0Other<\/td>\n<td class=\"highlight-col\" align=\"right\" nowrap=\"nowrap\"><span style=\"margin-right: -4px !important;\"><strong>(15)<\/strong><\/span><\/td>\n<td style=\"font-weight: normal;\" align=\"right\" nowrap=\"nowrap\">17<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td class=\"highlight-col\" align=\"right\" nowrap=\"nowrap\"><strong>1 106<\/strong><\/td>\n<td style=\"font-weight: normal;\" align=\"right\" nowrap=\"nowrap\">1 425<\/td>\n<\/tr>\n<tr class=\"spacer-row-bottom\">\n<td class=\"\"><\/td>\n<td class=\"highlight-col\"><\/td>\n<td class=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1634716964918{margin-bottom: 20px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<img decoding=\"async\" class=\"size-full wp-image-17156 aligncenter\" src=\"https:\/\/www.remgro.com\/wp-content\/uploads\/Industrial.png\" alt=\"\" \/>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_tta_tabs style=&#8221;flat&#8221; shape=&#8221;square&#8221; color=&#8221;blue&#8221; active_section=&#8221;1&#8243; no_fill_content_area=&#8221;true&#8221;][vc_tta_section title=&#8221;Air Products&#8221; tab_id=&#8221;1603283311847-c71fb2b4-60a26eab-9e80&#8243;][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">Air Products South Africa Proprietary Limited<\/p>\n<p class=\"heading-3\">(Air Products)<\/p>\n<p class=\"heading-4\">Effective interest: 50.0%<\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]<img decoding=\"async\" class=\"infrastructure-img\" src=\"https:\/\/www.remgro.com\/wp-content\/uploads\/2023\/10\/APSA_Green_Logo-High_Res2.png\" alt=\"\" width=\"200px\" \/>[\/vc_column_text][\/vc_column_inner][vc_column_inner css=&#8221;.vc_custom_1730226098788{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<span class=\"profile-txt\">Profile:<\/span> Air Products produces oxygen, nitrogen, argon, hydrogen and carbon dioxide for sale in gaseous state by pipeline under long-term contracts to major industrial users. Air Products also distributes industrial gases, together with ancillary equipment, to the merchant market. The other 50% of the ordinary shares are held by Air Products and Chemicals Incorporated, a USA company.<\/p>\n<hr style=\"background-color: #032259; color: #032259; height: 2px;\" \/>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1730226108267{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1730226119010{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">Corporate information<\/p>\n<div><span class=\"text-heavy text-blue\">Equity valuation at 30 June 2025:<\/span> R12 580 million<\/div>\n<div><span class=\"text-heavy text-blue\">Unlisted<\/span><\/div>\n<div><span class=\"text-heavy text-blue\">Chief Executive Officer:<\/span> C Dos Santos<\/div>\n<div><span class=\"text-heavy text-blue\">Remgro nominated directors:<\/span> N J Williams, R Sinath<\/div>\n<div><span class=\"text-heavy text-blue\">Website:<\/span> <a href=\"http:\/\/www.airproducts.co.za\" target=\"_blank\" rel=\"noopener\">www.airproducts.co.za<\/a><\/div>\n<p>&nbsp;<\/p>\n<p class=\"heading-3\">Sustainability measures<\/p>\n<div><span class=\"text-heavy text-blue\">CSI spend: <\/span>R12 million<\/div>\n<div><span class=\"text-heavy text-blue\">Training spend: <\/span>R15 million<\/div>\n<div><span class=\"text-heavy text-blue\">Number of employees: <\/span>1 105<\/div>\n<div><span class=\"text-heavy text-blue\">BBBEE status: <\/span>Level 4<\/div>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1730226113416{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1761471770711{margin-top: 2rem !important;}&#8221;]\n<div class=\"responsive-table\">\n<table class=\"table-inv-review2\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<thead>\n<tr class=\"no-border\">\n<th class=\"\" rowspan=\"2\" align=\"left\">\u00a0Financial highlights<\/th>\n<th class=\"text-center\" colspan=\"2\">Year ended 30\u00a0September<\/th>\n<th><\/th>\n<\/tr>\n<tr>\n<th align=\"right\" nowrap=\"nowrap\" width=\"120\">2024<br \/>\nR million<\/th>\n<th align=\"right\" nowrap=\"nowrap\" width=\"120\">2023<br \/>\nR million<\/th>\n<th class=\"text-right\">%<br \/>\n<em>change<\/em><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\" valign=\"bottom\">\u00a0Revenue<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">5 614<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">4 969<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em>13.0<\/em><\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">\u00a0Operating profit<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">1 708<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">1 386<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em>23.2<\/em><\/td>\n<\/tr>\n<tr class=\"light-blue-border\">\n<td align=\"left\" valign=\"bottom\">\u00a0Headline earnings<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">1 246<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">1 012<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em>23.1<\/em><\/td>\n<\/tr>\n<tr class=\"spacer-row-bottom\">\n<td><\/td>\n<td class=\"highlight-col\"><\/td>\n<td class=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1730226126821{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_inner css=&#8221;.vc_custom_1730226134333{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<hr style=\"background-color: #032259; color: #032259; height: 2px; margin-top: 0px;\" \/>\n<p>Air Products has a September year-end, but its results for the 12 months ended 31\u00a0March\u00a02025 have been included in Remgro\u2019s results for the year under review. Air Products\u2019 contribution to Remgro\u2019s headline earnings for the period under review increased by 13.6% to R643\u00a0million (2024: R566\u00a0million).<\/p>\n<p>Turnover for Air Products\u2019 12 months ended 31\u00a0March\u00a02025 increased by 7.9% to R5\u00a0783\u00a0million (2024: R5\u00a0360\u00a0million), while the company\u2019s operating profit for the same period increased by 14.3% to R1\u00a0766\u00a0million (2024: R1\u00a0545\u00a0million).<\/p>\n<p>Financial performance for the period ended 31\u00a0March\u00a02025 was affected by a temporary shutdown at one of Air Products\u2019 largest customers. The issue has since been resolved, with repairs completed and normal operations resumed.<\/p>\n<p>Air Products manufactures and distributes a variety of industrial and specialty gases that are supplied to a wide range of industries including steel, chemicals, oil refining, resource minerals, glass, pulp and paper, food packaging, as well as general manufacturing, fabrication and welding.<\/p>\n<p>The Onsite Plant and Pipeline supply business experienced sustained demand from large customers and stable, reliable plant operations, which collectively supported cost containment efforts. Bulk liquid supply volumes experienced modest growth, especially within the food, beverage, and mining sectors. Overall profitability was further enhanced by the slower rise in distribution costs.<\/p>\n<p>The Packaged Gases business experienced reasonable volume growth across all segments with improved margins. Enhanced cost efficiency also played a significant role in the improvement of overall profitability.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_tta_section][vc_tta_section title=&#8221;TotalEnergies&#8221; tab_id=&#8221;1603283311885-e7c55467-0a666eab-9e80&#8243;][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">TotalEnergies Marketing South Africa Proprietary Limited<\/p>\n<p class=\"heading-3\">(TotalEnergies)<\/p>\n<p class=\"heading-4\">Effective interest: 24.9%<\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]<img decoding=\"async\" class=\"infrastructure-img\" src=\"https:\/\/www.remgro.com\/wp-content\/uploads\/2023\/10\/totalenergies-logo.png\" alt=\"\" width=\"150px\" \/>[\/vc_column_text][\/vc_column_inner][vc_column_inner css=&#8221;.vc_custom_1730226191884{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<span class=\"profile-txt\">Profile:<\/span> Subsidiary of TotalEnergies SE (France). TotalEnergies\u2019 business is the refining and marketing of petroleum and petroleum products in South Africa, as well as distribution to neighbouring countries. The company held a 36.36% equity interest in National Petroleum Refiners of South Africa Proprietary Limited (Natref), which was sold in December 2024.<\/p>\n<hr style=\"background-color: #032259; color: #032259; height: 2px;\" \/>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1730226202977{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1730226219974{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">Corporate information<\/p>\n<div><span class=\"text-heavy text-blue\">Equity valuation at 30 June 2025:<\/span> R16 955 million<\/div>\n<div><span class=\"text-heavy text-blue\">Unlisted<\/span><\/div>\n<div><span class=\"text-heavy text-blue\">Chief Executive Officer:<\/span> O Aluko<\/div>\n<div><span class=\"text-heavy text-blue\">Remgro nominated directors:<\/span> M Morobe, N J Williams<\/div>\n<div><span class=\"text-heavy text-blue\">Website:<\/span> <a href=\"http:\/\/www.totalenergies.co.za\/\" target=\"_blank\" rel=\"noopener\">www.totalenergies.co.za<\/a><\/div>\n<p>&nbsp;<\/p>\n<p class=\"heading-3\">Sustainability measures<\/p>\n<div><span class=\"text-heavy text-blue\">CSI spend: <\/span>R24 million<\/div>\n<div><span class=\"text-heavy text-blue\">Training spend: <\/span>R37 million<\/div>\n<div><span class=\"text-heavy text-blue\">Number of employees: <\/span>706<\/div>\n<div><span class=\"text-heavy text-blue\">BBBEE status: <\/span>Level 1<\/div>\n<div><span class=\"text-heavy text-blue\">Environmental aspect: <\/span>Scope 1 emissions of 560 tonnes CO<sub>2<\/sub>e<\/div>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1730226210459{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1761578128924{margin-top: 2rem !important;}&#8221;]\n<div class=\"responsive-table\">\n<table class=\"table-inv-review2\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<thead>\n<tr class=\"no-border\">\n<th class=\"\" rowspan=\"2\" align=\"left\">\u00a0Financial highlights<\/th>\n<th class=\"text-center\" colspan=\"2\">Year ended<br \/>\n31\u00a0December<\/th>\n<th><\/th>\n<\/tr>\n<tr>\n<th align=\"right\" nowrap=\"nowrap\" width=\"120\">2024<br \/>\nR million<\/th>\n<th align=\"right\" nowrap=\"nowrap\" width=\"120\">2023<br \/>\nR million<\/th>\n<th class=\"text-right\">%<br \/>\n<em>change<\/em><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\" valign=\"bottom\">\u00a0Revenue<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">97\u00a0849<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">109\u00a0701<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em style=\"margin-right: -4px !important;\">(10.8)<\/em><\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">\u00a0Operating profit<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">870<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">52<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em>1\u00a0573.1<\/em><\/td>\n<\/tr>\n<tr class=\"light-blue-border\">\n<td align=\"left\" valign=\"bottom\">\u00a0Headline earnings<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">916<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">2\u00a0046<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em style=\"margin-right: -4px !important;\">(55.2)<\/em><\/td>\n<\/tr>\n<tr class=\"spacer-row-bottom\">\n<td><\/td>\n<td class=\"highlight-col\"><\/td>\n<td class=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1730226227882{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_inner css=&#8221;.vc_custom_1730226237031{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<hr style=\"background-color: #032259; color: #032259; height: 2px; margin-top: 0px;\" \/>\n<p>TotalEnergies has a December year-end, and its results for the 12 months ending 30\u00a0June\u00a02025 were incorporated into Remgro\u2019s Annual Financial Statements. TotalEnergies\u2019 contribution to Remgro\u2019s headline earnings for the year under review amounted to R194\u00a0million (2024: R553\u00a0million).<\/p>\n<p>For the 12 months ended 30\u00a0June\u00a02025, TotalEnergies\u2019 turnover declined by 18.1% to R88\u00a0616\u00a0million (2024: R108\u00a0227\u00a0million) due to lower volumes and a decrease in the average fuel price. The company recorded negative stock revaluations of R2\u00a0256\u00a0million (2024: negative stock revaluation of R58 million), driven by volatility in Brent Crude oil prices. Excluding these revaluations, headline earnings would have increased by 7.2%, from R2\u00a0263\u00a0million to R2\u00a0426\u00a0million. This increase is primarily due to the scaling down of loss-making refining operations towards the second half of 2024 and partially offset by supply chain disruptions. These disruptions stemmed from a fire at the PRAX refinery that forced the company to import jet fuel at above-market costs, further impacting profitability.<\/p>\n<p>In late 2024, TotalEnergies finalised the sale of its 36.36% minority stake in Natref, as part of its ongoing portfolio optimisation.<\/p>\n<p>The company remains committed to health, safety, and environmental initiatives, ensuring compliance with evolving regulations and internal standards. Key focus areas include maintaining full environmental compliance and upholding world-class safety protocols for employees, transporters, and contractors. These measures reinforce TotalEnergies\u2019 dedication to sustainable and responsible operations.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_tta_section][vc_tta_section title=&#8221;Wispeco&#8221; tab_id=&#8221;1603307748309-2a89efb4-4d3d6eab-9e80&#8243;][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">Wispeco Holdings Proprietary Limited<\/p>\n<p class=\"heading-3\">(Wispeco)<\/p>\n<p class=\"heading-4\">Effective interest: 100.0%<\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]<img decoding=\"async\" class=\"infrastructure-img\" src=\"https:\/\/www.remgro.com\/wp-content\/uploads\/2023\/10\/Wispeco_Standard_Logo2-1.png\" alt=\"\" width=\"180px\" \/>[\/vc_column_text][\/vc_column_inner][vc_column_inner css=&#8221;.vc_custom_1730226303948{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<span class=\"profile-txt\">Profile:<\/span> Wispeco\u2019s main business is the manufacturing and distribution of extruded aluminium profiles used predominantly in the building, engineering and durable goods sectors.<\/p>\n<hr style=\"background-color: #032259; color: #032259; height: 2px;\" \/>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1730226315476{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1730226324219{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">Corporate information<\/p>\n<div><span class=\"text-heavy text-blue\">Equity valuation at 30 June 2025:<\/span> R1 900 million<\/div>\n<div><span class=\"text-heavy text-blue\">Unlisted<\/span><\/div>\n<div><span class=\"text-heavy text-blue\">Chief Executive Officer:<\/span>\u00a0H Rolfes<\/div>\n<div><span class=\"text-heavy text-blue\">Remgro nominated directors:<\/span> N R Boonzaier, M Lubbe<\/div>\n<div><span class=\"text-heavy text-blue\">Website:<\/span> <a href=\"http:\/\/www.wispeco.co.za\/\" target=\"_blank\" rel=\"noopener\">www.wispeco.co.za<\/a><\/div>\n<p>&nbsp;<\/p>\n<p class=\"heading-3\">Sustainability measures<\/p>\n<div><span class=\"text-heavy text-blue\">CSI spend: <\/span>R4 million<\/div>\n<div><span class=\"text-heavy text-blue\">Training spend: <\/span>R10 million<\/div>\n<div><span class=\"text-heavy text-blue\">Number of employees: <\/span>1 443<\/div>\n<div><span class=\"text-heavy text-blue\">BBBEE status: <\/span>Level 4<\/div>\n<div><span class=\"text-heavy text-blue\">Environmental aspect: <\/span>Scope 1 and 2 emissions of 44 031 tonnes CO<sub>2<\/sub>e<\/div>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1730226335574{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<div class=\"responsive-table\">\n<table class=\"table-inv-review2\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<thead>\n<tr class=\"no-border\">\n<th class=\"\" rowspan=\"2\" align=\"left\">\u00a0Financial highlights<\/th>\n<th class=\"text-center\" colspan=\"2\">Year ended<br \/>\n30\u00a0June<\/th>\n<th><\/th>\n<\/tr>\n<tr>\n<th align=\"right\" nowrap=\"nowrap\" width=\"120\">2025<br \/>\nR million<\/th>\n<th align=\"right\" nowrap=\"nowrap\" width=\"120\">2024<br \/>\nR million<\/th>\n<th class=\"text-right\">%<br \/>\n<em>change<\/em><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td align=\"left\" valign=\"bottom\">\u00a0Revenue<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">3\u00a0909<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">3\u00a0759<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em>4.0<\/em><\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"bottom\">\u00a0Operating profit<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">369<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">382<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em style=\"margin-right: -4px !important;\">(3.4)<\/em><\/td>\n<\/tr>\n<tr class=\"light-blue-border\">\n<td align=\"left\" valign=\"bottom\">\u00a0Headline earnings<\/td>\n<td class=\"highlight-col\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">284<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\">289<\/td>\n<td class=\"\" align=\"right\" valign=\"bottom\" nowrap=\"nowrap\"><em style=\"margin-right: -4px !important;\">(1.7)<\/em><\/td>\n<\/tr>\n<tr class=\"spacer-row-bottom\">\n<td><\/td>\n<td class=\"highlight-col\"><\/td>\n<td class=\"\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1730226344420{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_inner css=&#8221;.vc_custom_1730226356934{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]\n<hr style=\"background-color: #032259; color: #032259; height: 2px; margin-top: 0px;\" \/>\n<p>Wispeco reported a 4.0% increase in turnover for the year ended 30\u00a0June\u00a02025, reaching R3\u00a0909\u00a0million (2024: R3\u00a0759\u00a0million). Sales volumes were marginally higher year-on-year, with the increase in revenue largely attributable to higher selling prices. This occurred on the back of the upward trend in the commodity price cycle, which caused raw material costs to be driven higher during the financial year.<\/p>\n<p>Headline earnings for the year ended 30\u00a0June\u00a02025 decreased by 1.7% to R284\u00a0million, compared to R289\u00a0million for the comparative year. This reduction reflects the downward pressure on trading margins, driven by competitive market conditions. Profitability was further impacted by inflationary cost increases on other significant input costs.<\/p>\n<p>Wispeco is a leading supplier of aluminium extrusions in Southern Africa with a strong focus on speed of delivery, short lead times and class-leading customer service levels. This is backed by substantial manufacturing capacity as well as a flexible workforce and shift system. The group also manufactures brass fire-sprinkler frames, all of which are exported to international markets.<\/p>\n<p>Wispeco is at the forefront of the development of architectural aluminium products and supports these with proprietary design software that it makes available to its clients. The <em>Crealco<\/em> range of architectural products is supported by technical expertise and distributed through a wide network of owned and independent stockist outlets across Southern Africa.<\/p>\n<p>Wispeco\u2019s externally focused training initiatives target upskilling of disabled and previously disadvantaged youths, with the aim of their absorption in the aluminium industry. Internal training programmes focus on productivity improvement and skills development to support future growth.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_tta_section][vc_tta_section title=&#8221;PGSI&#8221; tab_id=&#8221;1634458912536-db5211fb-5745&#8243;][vc_row_inner css=&#8221;.vc_custom_1698489167054{margin-top: 2rem !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]\n<p class=\"heading-3\">PGSI Limited<\/p>\n<p class=\"heading-3\">(PGSI)<\/p>\n<p class=\"heading-4\">Effective interest: 37.7%<\/p>\n[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]<img decoding=\"async\" class=\"infrastructure-img\" src=\"https:\/\/www.remgro.com\/wp-content\/uploads\/2023\/10\/PGSI_grey2.png\" alt=\"\" width=\"150px\" \/>[\/vc_column_text][\/vc_column_inner][vc_column_inner][vc_column_text css=&#8221;&#8221;]<span class=\"profile-txt\">Profile:<\/span> PGSI holds an interest of 80% in PG Group Holdings. The PG Group is South Africa\u2019s leading integrated flat glass business that manufactures, distributes and installs high-performance automotive and building glass products.<\/p>\n<p><span class=\"text-heavy\">Website:<\/span> <a href=\"http:\/\/www.pggroup.co.za\/\" target=\"_blank\" rel=\"noopener\">www.pggroup.co.za<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_tta_section][\/vc_tta_tabs][\/vc_column][\/vc_row][\/vc_section]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_section css=&#8221;.vc_custom_1698489269966{margin-left: 0px !important;padding-left: 0px !important;}&#8221;][vc_row css=&#8221;.vc_custom_1698489309472{margin-right: 0px !important;margin-bottom: 20px !important;margin-left: 0px !important;padding-left: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1698489330069{margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 10px !important;padding-bottom: 10px !important;padding-left: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1761577964490{margin-bottom: 0px !important;}&#8221;] \u00a0Contribution to headline earnings 30\u00a0June 2025 R\u00a0million 30\u00a0June 2024 R\u00a0million \u00a0Air Products 643 566 \u00a0TotalEnergies 194 553 \u00a0Wispeco 284 289 \u00a0Other (15) 17 1 106&#8230;  <a href=\"https:\/\/www.remgro.com\/group-investments\/industrial\/\" class=\"more-link\" title=\"Read Industrial\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"parent":10,"menu_order":26,"comment_status":"closed","ping_status":"closed","template":"page-full-width.php","meta":{"footnotes":""},"class_list":["post-78","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Industrial - Remgro Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.remgro.com\/group-investments\/industrial\/\" \/>\n<meta property=\"og:locale\" content=\"af_ZA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial - Remgro Limited\" \/>\n<meta property=\"og:description\" content=\"[vc_section css=&#8221;.vc_custom_1698489269966{margin-left: 0px !important;padding-left: 0px !important;}&#8221;][vc_row css=&#8221;.vc_custom_1698489309472{margin-right: 0px !important;margin-bottom: 20px !important;margin-left: 0px !important;padding-left: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1698489330069{margin-bottom: 0px !important;margin-left: 0px !important;padding-top: 10px !important;padding-bottom: 10px !important;padding-left: 0px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1761577964490{margin-bottom: 0px !important;}&#8221;] \u00a0Contribution to headline earnings 30\u00a0June 2025 R\u00a0million 30\u00a0June 2024 R\u00a0million \u00a0Air Products 643 566 \u00a0TotalEnergies 194 553 \u00a0Wispeco 284 289 \u00a0Other (15) 17 1 106... 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