Brikor Limited (JSE:BIK)
Brikor Limited (JSE:BIK) is a manufacturer and supplier of building and construction materials used across a broad spectrum of applications from low-cost housing to residential, commercial, industrial, civil engineering and infrastructure projects.
The Group operates through two segments:
Bricks - Plant 1 and Plant 3 at Brikor; and
Coal - Ilangabi Investments 12 (Pty) Ltd (Ilangabi), a wholly-owned subsidiary.
Brikor has two manfacturing and beneficiation plants in Gauteng. The two clay brick manufacturing plants, located in Nigel, have production capacities in excess of 160 million bricks per annuum. These plants produce semi-face clay and stock bricks for the construction industry.
Ilangabi, located in Nigel, has a mining capacity of approximately 800 000 tonnes of clay and 700 000 of coal per annum.
The Group's impact on the community is further enhanced through the employment of 628 staff members as at February 2020.
Value creation in Brikor's business model remains vested in its ability to maintain consistent quality through experience and its upward diversification through investment which ensures sustainability (volume and input costs) of raw material supply and firing products (coal used in burning of kilns). The location of the clay and coal reserves in close proximity to the clay brick manufacturing plants further enhances synergies in the Group.