n IMIESA - Strombeck's new leader : company news
|Article Title||Strombeck's new leader : company news|
|© Publisher:||3S Media (Pty) Ltd|
|Publication Date||Jul 2005|
Extracted from text ... COMPANY NEWS Strombeck's Andy Strombeck, a veteran of 35 years in the power generation solutions industry, has acquired a 20% share in Barloworld Equipment subsidiary, Umndeni Circon, and joined the board as managing director. This follows the acquisition of 30% of Umndeni Circon by Graceful Equity Two, a Western Cape black economic empowerment investment company. Barloworld Equipment retains a 50% share in the company. Umndeni Circon, based in Boksburg, employs a staff of 133 in the design, manufacture, installation and commissioning of power generation solutions nationally across numerous business sectors, including the government and the mining industry. Strombeck's investment ..
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