While economic recovery from the Covid-19 pandemic has been slower than expected, industrial equipment supplier BMG is confident that this will speed up as infrastructure development starts to increase following the pandemic.
“We are certainly starting to see that improvement in economic activity, especially around our key industries,” says BMG MD Robin Briggs.
BMG operates in the steel, pulp and paper, mining, and food and beverage industries. Agriculture is also gaining more prominence, Briggs says, noting that these applications mainly revolve around mechanical rotating equipment.
BMG, he adds, operates within a number of core products centered around maintenance, reliability and spare parts – “basically anything around rotating mechanical equipment”.
This encompasses things such as bearings, seals, power transmission equipment, gearboxes, electric motors, fasteners, personal protective equipment, variable speed drives and more – essentially any number of products that most of the industry would be using on a day-to-day basis.
Briggs notes that what makes BMG unique is that the company is “effectively a one-stop shop that has multiple brands across multiple disciplines”, and that it is able to offer a solution to its customers across a wide variety of products.
With the company’s focus traditionally being on the mining industry, Briggs says BMG has diversified extensively and is considering opportunities, e.g. in the renewable energy space.
“We’re looking at products and services that can bring new income streams to us, as opposed to just moving boxes,” he comments.
BMG has some major projects coming up in the next 12 months, and Briggs emphasised that they’ll mostly be in the African space.