Go Back Email this Link to a friend


African Oxygen Limited - Afrox Retains Sasol Contract, Boosts Value

Release Date: 10/09/2014 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")


Afrox retains Sasol contract, boosts value

Shareholders are advised that Afrox has retained its contract to supply Sasol
with compressed gases until 31 December 2020. Annual value of compressed
gas sales to Sasol is currently R26 million and this five-year contract
extension is expected to result in total sales to the value of R150 million.

In addition, Sasol purchased a wide range of hard goods on contract from
Afrox and in January 2014, this contract was also extended for a further
five-year period until January 2019. The estimated total value of sales as a
result of the welding contract extension is R32 million.

 ?The extension of our gas supply contract ensures a mutually beneficial
business relationship with this major South African and globally recognised
fuels and chemical supplier continues and improves,? said Afrox Managing
Director, Brett Kimber. ?We supply Sasol with many locally manufactured
special and imported gases and over the years it has become Afrox's largest
local special gases customer.?


Johannesburg
10 September 2014

Sponsor
One Capital

Date: 10/09/2014 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.