South Africa: AGI Looking Rosy

ALEX Barrell, CE of glass and aluminium company AGI, is confident the R60m capital investment he made recently will have a positive effect on the company's bottom line as early as June.

Barrell bought capital equipment for the aluminum division to meet the increased demand from the construction industry, as well as prepare for the planned increase in government spending on infrastructure.

This will allow us to operate with more flexibility and speed and to service our markets more effectively," he says. Barrel says volumes and margins are set to further increase by focusing on custom-made windows and doors, where the group has a strong position.

"We are therefore extremely positive about the future growth of AGI," says Barrell.

His confidence does not appear misplaced as the domestic market is experiencing robust demand for glass and aluminium products from both the new and refurbished commercial building sector.

After spending his entire career in the glass industry, Barrell is more than qualified to make growth predictions. He has led the group since 1980.

Read the entire news on the source link below.

600450 South Africa: AGI Looking Rosy
Date: 8 March 2007

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