Eos Capital managed ALLEGROW (a growth and operational fund with a Namibian mandate) and has deployed N$460 million to support the mining sector.
According to the third issue of the Chamber of Mines’ e-newsletter for 2022, three of Allegrow’s nine investments – Heat Exchange Products, Ecotech, and Panel to Panel – have shifted their focus to Namibia’s mining sector.
The newsletter quotes Percy McCallum, chairperson of the boards of Heat Exchange Products, Ecotech, and Panel to Panel as saying: “Eos Capital is 100% Namibian and manages the majority shareholding, being previously disadvantaged Namibians, in these portfolio companies.”
“Our three companies provide excellent services and guidance in their areas of expertise to clients, especially in the mining industry and public service’s state-owned enterprises. We are proud Namibian companies that compete with the best. Our clients are extremely satisfied with the quality and technical know-how of our products. Our companies also have significant market share with their products and services,” he says.
These three companies provide approximately 100 permanent jobs for Namibians. They also ensure that their employees receive mentoring, coaching, and training to ensure a high-performance culture.
Heat Exchange Products will explore the international market, especially within the Southern African Development Community region. McCallum believes the outlook is exciting. It offers the opportunity for portfolio companies to sell Namibian products and to be ambassadors for Namibia.
HEP WATER
According to the Chamber of Mines, Heat Exchange Products, HEP Water was established in 1998. It initially focused on heat transfer, but gradually diversified to provide long-term effective solutions for water management to different sectors of the Namibian marketplace.
“Over time, the company has grown with the addition of companies such as Valco Pipes CC in 2019 and Aqua Mechanica in 2021 and now boasts over 40 employees, with offices in Windhoek and Walvis Bay,” said the newsletter.
Their multi-skilled team has access to local and international expertise. Their offerings to the mining sector include chemical reagent supply (coagulants and flocculants as well as antiscalants and flotation reagents. Bulk commodity chemicals, equipment supply (disinfection system, chemical dosing pump and makeup stations, transfer pumps and filter units, softeners and piping), water and wastewater treatment plants, including design and project management and heat transfer solutions.
Daniélla Faria, the managing director of HEP Water, says: “HEP Water prides itself on being the preferred partner in water treatment and heat transfer solutions across all major sectors in Namibia. In line with our core values, our strength lies in providing high-quality products, reliable expertise, and consistent service to our clients.”
ECOTECH
The advancement of industrial automation has provided endless opportunities for monitoring, controlling and optimizing manufacturing and industrial processes around the world.
A complete automation system chain includes sensors, process instruments and actuators, as well as cabling, data interfacing and industrial data communications to control and monitoring systems.
Holger Barth, the managing director of Ecotech, says: “With a product portfolio consisting of world-leading brands in the industrial automation industry, Ecotech has established itself as the leading partner for industrial automation products in Namibia.”
The company serves many industries, including mining, water, wastewater, food, beverage, power generation, petrochemical, as well as other manufacturing industries.
PANEL TO PANEL
Panel to Panel is an insulation panel manufacturer based in Walvis Bay.
Panel to Panel was established in 2005 and is the first supplier of insulated panel to Namibia’s refrigeration industry.
The company invested N$1,6million in its polystyrene facility in 2010. Panel to Panel was able to create more jobs locally and reduce dependence on imports from South Africa with this investment. The company now employs 50 people.
Panels are made from high quality fire-retarded and marine-grade steel and can be used for everything from refrigeration insulation to prefabricated houses.
For prefabricated buildings, the panels offer a quick and easy alternative to the traditional brick and mortar construction – and with the right design and layout, it can be a cheaper alternative.
Panel to Panel has been involved with many construction projects in Namibia, including the construction offices, change houses and accommodation units as well as security facilities and field clinics.
They are widely used in the agricultural sector in fisheries, chicken hatcheries and abattoirs as insulation.
Source: namibian
