Powerhouse Holdings shows consistant returns and is set for 2000
1 March 2000
Analogue, Mixed Signal, LSI
With an impressing average growth of 40% during 1999, the Powerhouse Holdings Group is anticipating that the next 12 months will yield a further overall growth of 50%, according to forecasts by the Group's Managing Director, Earle Wainstein.
A number of factors have influenced this growth and include, but are not limited to, the following factors. The consolidation of Spectratech - headed by Sales Director Jayne Stead - has resulted in the electronic distribution company's 35% growth from a solid base during the course of last year. Powerhouse Electronics, the lightning, power and surge protection company within the Group, has also shown an impressive growth of 43%. This has been due to the company having been awarded a number of lucrative export contracts in Africa as well as an increase in the development of a number of new products. Pontech Manufacturing has shown the most marked improvement with a growth percentage of 60%. The phenomenal growth of the factory has come about as a result of the manufacture and production of new products in niche markets and the exceptional standards of quality used to ensure the product meet international requirements. In addition, the factory will be moving to new premises, almost double the size of its current location, during the early part of 2000.
On the African front, MLA, Mozambique's largest supplier of uninterruptible power supplies (UPS) has awarded Powerhouse Mozambique with the sole distributor rights to its products with immediate effect.
The partnership is set to be mutually beneficial for both companies, as Powerhouse Mozambique is able to provide both technical support and an established retail structure to further strengthen MLA's market share in the country. According to Wainstein, "We are delighted to be part of MLA's new distribution structure as this allows us to entrench ourselves in Africa and find mutually beneficial business relationships with our neighbours."
Another company under the Group's umbrella, Powerhouse Medical, is also looking forward to the challenges the next 12 months will bring. It specialises in the supply of niche products used in the medical fields of dermatology, radiology and plastic surgery.
The newest member of the Group, Powertrend, focusing on the supplying power and power semiconductors is fully operational and, according to Wainstein, is set to further bolster the Group's overall growth.
Quectel masterclass: IoT device application development
Quectel has announced the latest masterclass in a series of technical webinars titled “Accelerate wireless IoT device application development with Azure RTOS on STM32 MCUs”.
ST announces status of common share repurchase programme
The repurchase programme took place over the period from 11 to 15 July 2022 and saw ST repurchasing 210 462 ordinary shares.
Actum Group leads in the interconnect industry
Actum Group is a specialist importer and distributor of industrial and electronic products in Southern Africa and a leader in the interconnect industry.
From the editor’s desk: Do we have the power?
On a recent trip to Grahamstown in the Eastern Cape I was reminded, quite rudely and abruptly to be honest, of the load shedding that has plagued South Africa for the last few years. Living in KZN, we ...
Top five MPU suppliers strengthen market dominance
Editor's Choice News
The new ranking shows that long-time leader in microprocessor units, Intel, has moved downwards closer to half the total worldwide sales in microprocessors.
New meta-lens revolutionises vacuum UV optics
A research team co-led by City University of Hong Kong have successfully developed a novel vacuum ultra-violet (VUV) meta-lens which can generate and focus the UV light.
Electronics news digest
Electronic News Digest News
The Semiconductor Industry Association (SIA) has announced global semiconductor industry sales were $51,8 billion in the month of May 2022, an increase of 18,0% over the May 2021 total of $43,9 billion ...
This event aims to present the latest products and innovations in the commercial electronics industry. It will offer a comprehensive overview of the international ...
Going beyond with HONOR
Editor's Choice News
The tempo of business in China is lightning fast. But if you are responsive and go a step beyond, the rewards can be great. In just 15 days, Mycronic delivered 30 dispensing systems to HONOR.
Global cellular IoT connections increase 22%
A new report says that the global number of cellular IoT subscribers increased by 22% during 2021 and that the number of cellular IoT devices will reach 4,3 billion by 2026.