Go Back Email this Link to a friend


African Oxygen Limited - Afrox Signs R25m Equipment Contract

Release Date: 04/06/2014 08:00:00      Code(s): AFX     
African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
ISIN: ZAE000067120
JSE code: AFX
NSX code: AOX
("Afrox" or the ?Company?)

Afrox signs R25m equipment contract

Shareholders of Afrox are advised that the Company has signed an equipment supply
contract with leading wholesaler Matus, a Brandcorp Company, worth about R25 million a
year. The agreement covers Transarc? 6013 and Vitemax electrodes, as well as certain
items of gas equipment, including the popular PortaPak? welding and cutting sets.

Matus is a leading South African wholesaler, distributing a range of industrial and DIY
products including compressors and welding and safety equipment through four distribution
centres in Johannesburg, Cape Town, Durban and Port Elizabeth. The company sells these
goods to more than 7 000 active customers who range from hardware stores, industrial
supply companies, hire shops, spares shops, co-operatives, nurseries and buying groups.

?Afrox is delighted to have re-established our relationship with Matus,? said Brett Kimber,
Afrox?s Managing Director. ?Dealing with a wholesaler as big as Matus achieves a reduction in
our costs and builds a brand on the newly launched Transarc 6013 electrode. In this way,
Afrox also reaches a far broader customer base than individual sales teams would be able to
achieve.?

Johannesburg
4 June 2014

Sponsor
One Capital

Date: 04/06/2014 08:00:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.