n IMIESA - Strombeck's new leader : company news

Volume 30, Issue 7
  • ISSN : 0257-1978
  • Author
  • Source : IMIESA, Volume 30, Issue 7, Jul 2005, p. 61
  • Accreditation : Department of Higher Education and Training (DHET)



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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