Isizinda Aluminium was established in 2014 by its two shareholders Bingelela Capital (Pty) Ltd (with 60% shareholding) and Hulamin (with 40% shareholding). The name Isizinda means "the hub" in Isizulu. As the name reflects, Isizinda Aluminium has a vision to create and facilitate the growth of sustainable downstream aluminium hub in Richards Bay, in the province of KwaZulu-Natal in South Africa. Isizinda Aluminium, through its partners, brings extensive aluminium industry knowledge and sound business practices which will enable it to enhance stakeholder value throughout its business.
Zululand-based Broad Based Black Economic Empowerment Bingelela Capital comprises four different groups [Bingelela Investments (Pty) Ltd, Alusha Natural Resources (Pty) Ltd, Inhlansi Business Enterprises (Pty) Ltd and Emnotweni Investments )Pty) Ltd] and is 100% Black owned with a 52% female shareholding. Bingelela Capital has extensive aluminium industry, financial, corporate and social expertise which will be applied in realizing the vision of growing a sustainable downstream aluminium industry in KZN.
A leading manufacturer of rolled and extruded aluminium products in South Africa which are exported to a number of countries around the world providing general engineering and niche high-value components to the automotive, consumer electronics, industrial and packaging sectors inter alia.
For more information visit: www.hulamin.com
Isizinda Aluminium has identified and engaged various relevant stakeholders to ensure that its vision is realized. These include among others BHP- Billiton, the sole local producer of primary aluminium in South Africa, the three levels of government, the Richards Bay Industrial Development Zone company and other interested aluminium value-added products investors.
We envisage a phased approach to a fully fledged aluminium hub, starting with aluminium slab production for Hulamin to continue to make its rolled products, followed by other associated industries from 2016 onwards.