Energy Engineered Products is taking its stainless steel business (Energy Metals), and valves business (Energy Valves) forward into a more inclusive, progressive and sustainable future with the recent conclusion of an empowerment share transaction.
In line with the black economic empowerment (BEE) ownership agreement, Edwin Gafele Bogopa, CEO of Metsana Goup, now holds equity in Energy Engineered Products and serves as a non-executive board member. Energy Engineered Products senior sales managers, Rowena Suneerchand and Anesh Prithilall, have also taken up a meaningful shareholding in the business.
“While we have been active on the BEE front for a number of years through skills development, staff training and procurement, we recognised that the time was right to address one very important aspect on the scorecard, that of ownership,” states Graham Whitty, Director Business Development. “At this juncture in our country’s histroy, transformation of the economy is essential, and we are fortunate to have talented young individuals who can add value to the business as shareholders.”
Edwin, engineer and entrepreneur extraordinaire, approached Energy Engineered Products approximately seven years ago expressing an interest in obtaining equity in the business. While the company was not in a position to enter into any agreements at that time, the communication channels were kept open.
“When we were ready to move forward with our BEE responsibilities, we did not hesitate in approaching Edwin,” affirms Graham. “It is important for us to enter into business agreements with people we know, like Edwin, who has the experience and knowledge necessary to ensure a successful and sustainable BEE partnership. Edwin understands the industrial space and because he represents the all-important outside influences and perspectives, we are confident that he will make a valuable contribution to our business.”
Since Edwin established Metsana Engineering (Pty) Ltd in 2002, the business has grown and evolved from a single company into a Group of companies. Metsana Group, formed in 2010, looks at various aspects of the market including design, engineering and project management services in civil and electrical engineering, natural gas extraction, hydro-power generation, environmental waste management, etc.
Looking internally, Graham says that staff remains the company’s most valuable asset. “The development of talent and people skills from within is crucial to the company’s sustainable growth and progress. Rowena and Anesh have been with Energy Engineered Products for twelve and nine years respectively and are among our staff who have shown true dedication and commitment to our businesses and it was therefore a logical step to include them in our BEE plans.”
The shareholder agreements necessitated some changes to the company structure which saw Hugh Whitty, founder of Energy Engineered Products in 1992 and shareholder in associate company Multi Alloys, selling some of his shares in the respective businesses. While Hugh’s extensive experience remains invaluable, he believes that the time has come to hand over the day to day management to the next generation while remaining involved in the strategic management of the group.
With unrivalled experience and expertise in corrosion resisting alloys, stainless steel and related products, Energy Engineered Products services customers in South Africa as well as on the rest of the African continent through two Johannesburg-based business units – Energy Metals and Energy Valves. Specialist metal company Multi Alloys is headed up by Ken Perel and is a leading supplier of nickel alloys, duplex and high alloy stainless steel, titanium and other niche products.
Energy Engineered Products and Multi Alloys are respectively celebrating their 25 and 20 anniversaries in 2017, the perfect year for the companies to embark on a new journey with new shareholders and partners. “The sustainability of any company and indeed of a country hinges on a solid foundation and strong, active and successful leadership. Through the development of skills and management acumen we are creating future leaders that will take our company and the industry forward into the next quarter of a decade,” concludes Graham.
Issued on behalf of: Energy Engineered Products
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