ELB GROUP LIMITED - Joint Venture Between Elb Group And Dra Group

Joint Venture Between Elb Group And Dra Group

ELB GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1930/002553/06)
ISIN: ZAE000035101
Share Code: ELR
(“ELB” or “ELB Group”)

JOINT VENTURE BETWEEN ELB GROUP AND DRA GROUP

The ELB board is pleased to announce The ARDBEL initiative, a
collaboration between the ELB Group and Metopex Proprietary
Limited (“DRA Group” or “DRA”) to combine the best of breed skills
in terms of large-scale multi-disciplinary materials handling
projects.

In what represents a landmark development in the sector both
partners are of the opinion that this marks the creation of a
business that will not only redefine large scale Materials
Handling in Africa but could, in due course, become a major
African-based global player.

ELB states that the joint venture, in which both parties have an
equal shareholding, enables ELB to extend their materials handling
into large-scale multi-disciplinary projects by leveraging DRA’s
credentials together with their own.

DRA states that this collaboration enables DRA to extend its
offering thus furthering its ability to design and operate ‘pit to
port’ engineering solutions.

The large-scale Materials Handling market in Africa is substantial
and growing exponentially. It is currently dominated by other
major multi-nationals but both ELB and DRA are extremely positive
about the potential growth that the collaboration offers in terms
of further extending their ‘home market’ into Africa.


Boksburg
30 January 2013

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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