Sasol forms joint venture with leading explosives manufacture
In terms of the agreement, which is subject to the approval of the South African Competition Commission, Dyno Nobel will acquire a 50 percent stake in Sasol Dyno Nobel (SDN) for US$34.5 million SDN has a manufacturing facility at Ekundustria near Pretoria that currently manufactures, markets and distributes Dyno Nobel products under a licensing agreement.
"The joint venture will be positive for both parties. It will enable us to align core technologies to better access the growing African market for explosives and detonating equipment. This demand has been fuelled by increased mining and exploration activities, as well as industry-wide conversion from the older cap and fuse detonating technology to safer non-electric technology," says Dr. Reiner Groh, group general manager, Sasol Chemical Businesses.
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