WCA September 2012

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Industry news
Zimbabwean cabling company Cafca
has reported headline earnings per
share of 3.6 cents for the six months to
March 2012. This was a slight
improvement on the 2.31 cents earned
in the same period in 2011.
Cabling companies are well placed to
benefit from projects serving South
Africa’s current infrastructure spending.
Revenue for the six-month period was
static compared with the same period
in 2011, the company said. “The
liquidity crunch in the last quarter has
resulted in a significant drop in the
sales to our major customers, as they
have not been able to meet their
obligations to us,” it said in a
statement.
The company added: “Margins have
remained tight in the face of imported
competition. The net result is the
operating profit being very much in line
with the previous period. Net finance
costs have shown a marginal
improvement due to more competitive
interest rates paid on reduced
borrowings.”
Cafca expects to maintain its
performance in the short term, but said
liquidity will remain tight and that
revenue will be curtailed by enforcing
credit terms. It said it would aim to
grow exports — now at 20 per cent of
volumes in the last quarter — in
traditional markets, while also
exploring niche markets.
The company’s directors
recommended waiving a dividend
payment due to the strategic need to
finance debtors and finished goods.
BICC Cafca – Zimbabwe
Website:
Cafca reports improved earnings in six months
Colourant and additive specialist
Colorant Chromatics has appointed
a new distributor in India to market
its technologies for high performance
plastics and fluoropolymers.
The new distributor, Nishigandha
Polymers Pvt Ltd, will distribute the
company’s entire product range as
an extension to its existing portfolio.
Nishigandha currently supplies a
wide range of high-tech rubbers and
polymers including:
• Fluoroelastomers
• Fluoroplastics
• Polyacrylic rubber
• Epichlorohydrin rubber
• Chlorinated polyethylene elas-
tomers.
The new distributor can be
contacted at:
Nishigandha Polymers Pvt Ltd, Mr
Rudresh Kumar, Rustom Building, 3rd
Floor, 29 Veer Nariman Road,
Mumbai 400 023, India. Tel: +91 22
2288 1293/2284 2712, Fax: +91 22
2288 1295. Email: rudresh@
nishigandhapolymers.com
Colorant Chromatics – Switzerland
Website:
Colorant Chromatics appoints new distributor