South Africa-based Rheinmetall Denel Munition (Hangar 4, Stand W7) has announced significant growth in sales and profits. RDM is a strategic equity partnership between state-owned Denel and Germany’s Rheinmetall Waffe Munition GmbH. “Major export contracts have enabled us to realise continued growth in sales to R2.14 billion in 2015,” said CEO Norbert Schulze at AAD this week. “Our order book stood at R4 billion at year-end.”
The company’s export drive has also provided a consistent flow of income for the modernisation of its facilities in the Western Cape and the North West province. Capital investments saw upgrading of factories and equipment, such as the refurbishment of the chemical plant at Wellington.
An investment of R550 million is planned for all four of the company’s operations in South Africa that will ensure quality commitments to clients and the safety of employees.
The introduction of new technologies derived from international customer requirements enables RDM to provide the SANDF with the most modern ammunition at no extra cost.
“RDM is also investing in education and training,” Schulze said. “Last year we established the RDM Academy with a focus on mentoring and coaching young engineering graduates. To date 25 graduates have served internships in the company.”