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Tony Sinclair

CEO
Malo_Massyn-La_Grange

Malo Massyn-La Grange

CFO

“Without continual growth, evolution and progress, such words as improvement, achievement and success have no meaning”

2019 Performance

CEG’s management is pleased with the performance considering the difficult trading conditions during the trading period:

CEG revenue declined by 5% to R4.831 billion largely due to an overall decline in demand. The sectors serviced by CEG – agricultural machinery, construction machinery and the forklift sector – all experienced a significant decline in unit sales and gross margin in South Africa, due to the prevailing market conditions. CEG’s focus on annuity type business gave it protection and the improved contribution from Kian Ann Engineering Group (based in Singapore) helped CEG to limit its decline in segment operating profit before interest on financing transactions and foreign exchange movements to 17%. CEG has managed to maintain its market shares in South Africa and has once again managed to contain costs and generate cash.

The companies forming part of CEG

Construction & Mining

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HPE Africa

Earth moving Equipment

HPE has established a strong presence in South Africa in the past fourteen years through its quality, branded heavy earthmoving equipment. HPE distributes a globally leading brand of construction equipment manufactured by Hyundai Heavy industries.

The company continues to distribute six product lines throughout South Africa including crawler excavators, wheel loaders, wheel excavators, wheel excavators, mini-excavators, backhoe loaders, skid-steer loaders and crushing and screening equipment and ground-engaging tools.

HPE Africa is well represented in South Africa with the head office based in Jet Park and branches in Durban, East London, Port Elizabeth, Western Cape and Polokwane.

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Disa Equipment

Earth moving Equipment

Disa Equipment Pty Ltd is the official Distributor of Doosan Construction Equipment and Everdigm hydraulic hammers and attachments.

Doosan is a globally leading brand of construction equipment manufactured by Doosan Infracore South Korea and is one of the larger construction-equipment manufacturers in the world.

Disa Equipment, t/a Doosan, continues to distribute all four product lines throughout Souther Africa, namely excavators, wheel loaders, articulated dump trucks and hydraulic hammers.

Disa Equipment’s branch and distributor network retains its corporate identity and operates separately from Invicta’s other construction operations.

The company has branches in Durban, Johannesburg and Wolmaransstad and dealers in Cape Town, East London, Middelburg, Bloemfontein and Pietersburg.

Equipment Spare Parts

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ESP

ESP Africa is a leading South African multi-brand distributor, established in 1980. ESP specialises in the procurement and distribution of high quality aftermarket replacement parts, including ground engaging tools, undercarriage for earthmoving equipment and parts for heavy duty diesel engines.

In addition, ESP is able to repair and recondition the undercarriage for most makes of earthmoving machinery, through three ESP workshops in Johannesburg, Cape Town and Durban.

ESP has ten branches in South Africa.

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Kian Ann Engineering Pte Ltd

Heavy Machinery Parts & Diesel Engine Components

Established in 1965, Kian Ann Engineering Pte Ltd is one of the world’s largest independent distributors of heavy machinery parts and diesel engine components. Their products are used for excavators, bulldozers, wheel loaders, motor graders, trucks, trailers, power generation sets and marine engines. The machine brands that the Group’s products support include Caterpillar, Komatsu, Cummins, Hitachi, Kobelco, Sumitomo, Mercedes Benz, Volvo, Scania, Man, BPW, Hyundai, Samsung and Daewoo / Doosan.

Kian Ann distributes to over 50 countries covering Southeast Asia, Central Asia, China, Australia, New Zealand, Europe, Russia, the Middle East, Africa, Papua New Guinea, the Solomon Islands, North and South America and beyond.

 

Forklift Equipment

Criterion

Criterion

Distributor of TCM Forklifts

This division was acquired on 1 June 2009 and is the sole distributor in South Africa for TCM forklift trucks. The TCM brand is known for its toughness and durability and has one of the highest resale values in the markets in which they operate. Criterion has developed a fully-fledged network of branches, depots and service areas.

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Shamrock Handling Concepts (Pty) Limited

Distributor of forklift equipment

Shamrock Handling Concepts (Pty) Limited is the sole distributor of Moffett truck mounted forklifts, and its product offering includes other prominent brands, such as Combilift, Innolift, Agrimac all-terrain forklifts and Multisweep sweepers. The Capital Equipment Group (CEG) of INVICTA HOLDINGS LIMITED acquired Shamrock Handling Concepts (Pty) Limited on the 2nd of January 2018. Shamrock Handling Concepts was established in 1994 and is headed up by Marius Schutte.