Brett Kimber Unexpectedly resigned
cost cuts may have on the company’s capital investment programme or on its growth plans elsewhere in Africa, if any.
One of its major projects, a R300m air separation unit in the Eastern Cape, is due to be completed in the first quarter of 2015. The plant will produce liquid oxygen, nitrogen and argon, mainly for the region’s automotive and agro-processing industries.
Kimber said last year Afrox had received board approval for a strategy to target further growth in the rest of Africa, where the firm derives 20% of its profits.