Sunday, 19 May 2024
22.7 C

How this Durban mill is bucking the textiles slump

Home Transport & Logistics Exports & Imports How this Durban mill is bucking the textiles slump

THE directors at Finlam Technical, Anthony Halliday and Grant Adams, had one main objective for 2018: to become a trusted and respected player in the local and international textile market.

To achieve this, their main focus was talent recruitment, and investing in more advanced production equipment.

It has proved to be a savvy course of action. Despite renewed government commitment, this year has seen many players in the local textile market struggle to sustain profitability and business focus amid a fluctuating currency, competition in the market and labour setbacks.

Production at the company’s New Germany mill, by contrast, is currently sitting close to maximum capacity going into quarter four of 2019. The company attributes this to a renewed energy in the business brought on by a skilled management team, with a cache of manufacturing and textile experience.

The directors have also taken time to assess the business, and identify areas that require financial investment in terms of new machinery, as well as alignment of process flows and equipment layout to optimise efficiencies throughout the plant.

“These efforts, coupled with the value offered to the market by Finlam, being a vertical mill, ensure the company is strongly positioned in the local textile industry,” the company said in a statement.

“An ability to think outside the box has allowed the Finlam team to develop some technical fabrics which will be supplied into both local and international markets in the upcoming months. With new machinery on the way and a strong team going into the new year, 2020 looks to be a successful year.”

Most Popular

Paper, pulp and forest group delivers better than expected quarterly results

COMMENTING on the group’s results, Sappi CEO Steve Binnie said: “Within the context of subdued underlying market conditions due to the challenging macroeconomic environment...

Workers can be empowered with modern incentive solutions

IN the ever-evolving landscape of workplace safety and employee engagement, the significance of incentivisation cannot be overstated. This is clearly apparent in multiple sectors,...

Last-mile fuel delivery enhanced with state-of-the-art technology

LEADING supplier in bulk tanker fuel transportation and supply chain solutions, Unitrans, is optimising supply chains by leveraging cutting-edge technology to enhance last-mile fuel...

Seifsa and Numsa conclude 3-year agreement in record time

AFTER three formal engagements, Seifsa and Numsa have concluded the terms of a historic three-year wage agreement for the period 1 July 2024 to...