Argent Industrial Limited (JSE:ART)
Argent Industrial Limited (JSE:ART) is a steel-based beneficiation group with a diverse portfolio of businesses that include international brands.
The business portfolio includes Allan Maskew, Argent Industrial Engineering, Argent Industrial Investments, Castor and Ladder, Gammid, Hendor Mining, Jetmaster, Koch’s Cut & Supply Steel Centre, Megamix, Phoenix Steel, Pro Crane Services, Toolroom Services, Tricks Wrought Iron Services, Xpanda Security, Cannock Gates & Burbage Iron Craft, OSA Door Parts, New Joules Engineering North America, Fuel Proof, Roll-Tec Safety and Argent Industrial UK.
These businesses cover a wide range of products from manufacturing and steel-based trading, to concrete building products. The newest addition to the group is mobile and static bunded fuel storage and dispensing systems, and roll-over protection bars for construction machinery.
The company has 21 operating units which operate throughout South Africa, the United Kingdom and North America. Manufacturing is the biggest activity of the group and this, together with a strategy of vertical integration and being self-sufficient, has led the group to being well diversified. This protects the group from the impact of economic cycles and is a catalyst for new opportunities.
The group’s character is innovation, speed, delivery and service. Argent has a bold approach to business and is always seeking new investments and investors. Its customers are the key to its success. The Argent group’s strategic intent is to grow profitability through streamlining the business by extracting maximum value from vertical integration and good management practice.