Plant Equipment and Hire August 2018 | Page 31

PROFILE return on investment (ROI) and take time to analyse this,” he points out. “While there was a boom happening in 2006/2007, everyone was growing and while they just needed another forklift truck, they didn’t take time to analyse what brand they would settle for. People now, however, are analysing what we do, and that thinking has grown our business,” he adds. Looking ahead As its name implies, the Straddler straddles the load, lifting it between the two ‘legs’, not requiring a counterbalance. Straddlers to lift heavy fabricated sections, while other companies use the Straddlers to lift sections of concrete or steel bridges — anything that is heavy and bulky, as the system is effective for manoeuvring such elements. McVicar points out that even though Combilift manufactures a range of products, they are for the industrial market and not heavy-terrain sector, designed for industrial use or around a manufacturing plant, and fitted with rubber tyres to operate both indoors and outdoors. Only one exception is the Combilift Combi- RT, which is designed for the agricultural sector, namely poultry, where its purpose is to transport chicken containers, and for rough-terrain applications. “When we look at all our products, we don’t see ourselves as a forklift producer or a Straddler producer, but rather as a solutions provider, focusing mainly on warehouse design and space optimisation,” the executive stresses. Challenges in SA market “Combilift exports to 85 countries worldwide, so we have a variety of market challenges — and opportunities,” he assures. According to McVicar, in South Africa, one of the biggest challenges is the volatility of the currency against the euro. “It’s not that it’s a direct challenge for us, but it’s a direct challenge for our customers as to when they invest in their equipment. Customers are cautious when the South African rand is weak, making it difficult for us to find a solution,” he says. McVicar says that the company conducts a lot of business in the BRICS countries and adds, “Of all the markets in which we do business, South Africa is one of the more open markets of the BRICS countries. The other BRICS countries have more protectionism with things like high import tariffs. While South Africa also has import tariffs, compared to the other BRICS countries, it’s very open to importing products from companies such as ourselves. Another thing we have found about South Africa, is that it is manufacturing focused, which is great for Combilift, as companies need to handle space and their product range more safely.” He comments with obvious enthusiasm: “What I really like about South African companies is that they maximise the use of their equipment! A South African company will not buy a piece of equipment unless they are going to get full utilisation. Our first customer in South Africa was Columbus Stainless Steel. (In 2002, the stainless steel and the chrome operations were split into two different entities and were then sold to different companies: Samncor (t/a Middelburg Ferrochrome) bought the chrome operations, and Acerinox (76%) and IDC (24%) bought the stainless steel business. Ed) He continues: “If you take a forklift truck, depending on the needs of the customer, as a rough estimate, the average number of lifetime hours is about 20 000 hours. But I know for a fact, as I have been to Columbus Steel in South Africa, they have Combilift forklift trucks that have more than 30 000 hours on the clock and they’re still running them,” he comments with a degree of admiration. The MD says that conversely, the downturn really strengthened Combilift’s business, “not just in South Africa, but companies in general want to maximise Presently, Combilift’s turnover is EUR250- million and more than doubled its business in the past five years. McVicar continues: “Our strategy and plan is to double over the next five years, and our long-term plan is to become a billion-euro company in this manufacturing plant. Our strategy is to grow organically and not to grow by the traditional manner of acquisition. We intend to continually invest in our research and development, add new products to our portfolio, focus on additional niche markets, and organically grow our business.” The executive explains that Combilift focuses strongly on R&D, investing 7% of revenue into this activity, which is key to its success, he maintains. “We are very much customer facing; we’re listening to our customers, asking for their feedback, understanding the challenges they face and the problems they have, which gives us the opportunity to develop products to solve their material handling issues — which is a solution for growth in our business.” He highlights that even though the company has been successful i