Park Village Auctions is inviting offers on one of the most extensive foundry operations in South Africa. The sale includes the complete foundry plant and prime industrial property in the heart of Benoni Industrial.
The assets stem from Naledi Foundry Operations (Pty) Ltd—renowned for its supply to the mining, automotive and transport, railway, infrastructure and rolling stock sectors—currently in business rescue.
PVA’s Roy Lazarus says that most businesses sold under the banner of business rescue simply need a capital injection or restructuring to continue operations and therefore represent an excellent opportunity for investors.
“The foundry boasts a remarkable repertoire and an inventory to support built up over several decades since its establishment in 1947,” says Roy. He continues, “The potential of the plant and its equipment represents a highly attractive investment.” Highlighted lots are as follows.
Property to be sold, namely 37 Lincoln Road, is the remaining extent of ERF 8340 Benoni extension 9, measuring 9.7406 hectares. This a large industrial property (GLA 34 159 square metres) comprising a main office building, ancillary offices, 11 workshops/factories, staff ablution facilities, a canteen, a medical clinic, security offices, general storage warehouses, a compressor room, and undercover staff parking bays.
Plant, machinery, and equipment include:
Two ABP induction furnaces—10t, 9mw each with transformers, twin power pack, dust extraction plant and cooling towers.
Three BBC induction furnaces—16t, 4.2mw each with transformers, power packs and cooling plant.
An ABP pouring furnace—13t/8t, 300kw.
Two MUR Industries 350kg Induction furnaces.
Georg Fischer complete high-production sand moulding line with sand mixers. Core-making equipment with sand mixing and delivery system.
Lauds sand reclamation plant
Bendet heat treatment gas furnace, double-pass through with quenching.
Fettling Plant, shot blasting and Wheelabrator with paint dip line.
CNC horizontal and vertical lathes and site maintenance workshop
Five Dalgakiran Compressors—750kva generator laboratory equipment
There will also be office furniture and equipment comprising desks, chairs, coffee tables, filing cabinets, credenzas, printers and shelving, among others on the block.
The entire list of lots is available on PVA’s website, www.parkvillageauctions.co.za, under web reference 1082. Viewing will be open on-site on the 18th and 19th of October.
Offers must be submitted in writing no later than 2 pm on Friday, the 28th of October.