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Hulamin

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Hulamin
Company typePublic company
JSE: HLM
IndustryWorked aluminium
Founded1935
Headquarters,
South Africa
Area served
Global
Key people
Richard Jacob (CEO)

Noel Doyle(CFO)

Khotso Mokhele (Chairman)
Productsrolled aluminium, aluminium alloys, recycled aluminium
RevenueR10.2 billion (US$714 million)
Number of employees
1,934 (FY 2016) [1]
Websitewww.hulamin.com

Hulamin is a South African company based in Pietermaritzburg that specialises in rolled aluminium products for precision and high technology applications. The company supplies a significant proportion of the world's ultra high-end aluminium products. It is known for being a key supplier of worked aluminium components for Tesla electric vehicles and aeronautical Wi-Fi components.[2][3]

In 2018/19 the company was negatively effected by cheaper Chinese imports into its South African market,[4] higher tariffs on its exports to the United States,[5] reduced demand from the automotive industry, and has faced criticism for high executive overheads.[6]

References

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  1. ^ "Hulamin: Integrated Annual Report" (PDF). 31 December 2016. Retrieved 2018-03-05.
  2. ^ "The Maritzburg company that helps make Tesla cars, now brings wifi to millions of air travellers". www.businessinsider.co.za. Retrieved 2018-03-05.
  3. ^ Allix, Mark (28 February 2018). "Hulamin boosted by its rolled products". Retrieved 2018-03-05.
  4. ^ "Cheaper imports from China sink Hulamin plant". BusinessLIVE. Retrieved 2019-08-28.
  5. ^ Africa, CNBC (2019-08-23). "Tariffs hurting the market as Hulamin's interim deadline earnings decline 178% to R63mn". CNBC Africa. Archived from the original on 2019-08-28. Retrieved 2019-08-28.
  6. ^ "Hulamin: Bloated and battling". BusinessLIVE. Retrieved 2019-08-28.