Steloy Castings, ranked as one of the most advanced specialists foundries and casting supplier in South Africa, highlights the pivotal role localisation will be playing in the future of the castings industry through a number of tailored efforts. With the bulk of the work being created by state-owned rail operator Transnet, an estimated R90-billion is expected to be invested in supplier development and localisation with job creation numbers reaching a massive 30 000.
Operating in a highly advanced market, the optimal functionality of the foundry industry is dependent on volumes. Steloy Castings Sales and Marketing Director, Wynand Labuschagne, further explains “the higher the casting volumes, the better the industry functions”. As the development of rail infrastructure is gaining significant growth, the future of the foundry industry will be positively impacted. A substantial amount of castings is used in trains and locomotives especially the suspension, or bogie part.
At Steloy, we aim to increase the volumes of castings produced to reduce the cost, as the casting process generally eliminates the use of complex and expensive machining and fabrication. This places South African companies in an ideal position to compete with foreign suppliers – with subsequent benefits for the local industry.