Tata Africa Holdings (TAH) has signed franchise agreements with three Asian building-equipment makers, under which the companies will distribute its machinery and equipment across Africa
According to Indian newspaper Business Standard, TAH signed deals with Japan’s Hitachi Construction, India's Aquarius Engineering and Trxbuild of Singapore. The company did not disclose any financial details of the contracts.
TAH will distribute equipment such as earth movers, road graders, excavators, backhoe loaders, wheel loaders, batching plants and concrete pumps, for its clients. The company said it would also provide after-sales support for customers.
The Johannesburg-based firm added that it has spoken with African banks to arrange financing options for contractors and builders to help them acquire machinery.
TAH, a unit of Tata Steel, has its operations spread across South Africa, Senegal, Côte d'Ivoire, Kenya, Uganda, Ghana, Zimbabwe, Mozambique and Zambia. With investments of more than US$145mn, it operates through 11 subsidiaries in the continent, with business spanning from mining, construction and engineering to motor vehicles, hotels and ICT.
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