A colleague once told me that a well-known mining group he worked for used to refer to the companies in the group as a family of companies. What a nice way to describe the support that various entities across multiple jurisdictions give each other.
Multotec is no different. As various global events impacted companies over the last few years, from the 2008 global financial crises to the commodity crash of 2016 and Covid in 2019, the Multotec family stood strong. Not only were we able to preserve jobs throughout these periods, but we continued to grow. The benefit being that Multotec has a presence, either directly, or through our sister companies, on six of the seven continents. In addition to the major manufacturing hub situated in South Africa, Multotec, and the bigger Stafag group we belong to, has manufacturing capabilities in South America, North America, Asia, Australia, and Europe. Multotec South Africa exported products to almost 70
countries across the globe in 2021, while our manufacturing hubs in Chile and China continue to grow in terms of capacity.
This allows the group to maintain its competitive advantage of a quicker supply chain to service our customers. We continue to expand and invest with projects already in planning stage or progressing in Brazil, Central Africa, and southern Africa to further expand our offerings and customer service. From a commodity perspective the Multotec group’s exposure to any one of the main commodities is between 5 % and 15 % of total revenue, resulting in good diversity and risk management when volatility exists in the market. A growing footprint in new commodities, especially battery minerals, is also setting up a bright future for the group. Apart from the wonderful people working at Multotec and keeping the plants processing, we do also need to acknowledge the support from our loyal base of suppliers that understand the challenges of business cycles and changing requirements and supporting Multotec in managing its operations and customer needs.
Although challenges, such as supply chain disruptions and cost increases remain, Multotec continues to find and use every opportunity, allowing this agile group to build on its success of almost 50 years. Truly a group and brand to be proud off. The saying of Richard Bach rings true for Multotec, its staff, its suppliers, customers, and all other stakeholders – “The bond that links your true family is not one of blood, but of respect and joy in each other’s life.