How is the newest acquisition contributing?

Since Scaw South Africa acquired scrap metal merchant, Leoscrap, earlier this year, the new acquisition has purchased approximately 34 000 tonnes of ferrous scrap to feed the furnaces of the group.  
Leoscrap has continued to maintain the intensive focus on service delivery, coupled with good pricing policies, entrenched by the founding Krog family.

Leoscrap general manager, Tim Schiel, says, “The Krogs established the company in 1977 and enjoyed a long and solid supplier-customer relationship with Scaw. In addition to ferrous metals, non-ferrous metals are also collected and processed by Leoscrap. Roughly 30% of the ferrous scrap that is generated each month comes from informal traders.”

He adds, “Scaw SA officially took over Leoscrap on 19 March 2009 with a current staff complement of 53 employees. The business is well-positioned in Refinery Road, Germiston, near Union Junction and central to the hub of the industry. Leoscrap has a fleet of nine trucks ranging from 2-tonne through to 30-tonne capacity. To assist with the loading and off-loading of vehicles, five excavators are operated. A Baling Press and a Mosley Shear are used to process material.”