WCA September 2012

Industry news

Cafca reports improved earnings in six months

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. directors recommended waiving a dividend payment due to the strategic need to finance debtors and finished goods. The company’s

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

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

Colorant Chromatics appoints new distributor

• Chlorinated polyethylene elas- tomers.

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:

The new distributor can be contacted at:

Nishigandha Polymers Pvt Ltd, Mr Rudresh Kumar, Rustom Building, 3 rd 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 : www.colorant-chromatics.com

• Fluoroelastomers • Fluoroplastics • Polyacrylic rubber • Epichlorohydrin rubber

BICC Cafca – Zimbabwe Website : www.cafca.co.zw