Since its inception 100 years ago, Malesela Taihan Electric Cable (M-TEC) has emerged and developed from humble beginnings into one of South Africa’s renowned market leaders and manufacturer’s of power and optical fibre cables. Steady growth and the support from its overseas partners, namely Taihan Electric Wire Company in Seoul, Korea, one of the world’s top 10 cable manufacturers, has made it possible for the company to expand and improve its operations to become the world-class manufacturer it is today. M-TEC has had a proud and eventful record of growth and achievements, which marks many years of invaluable contributions on the part of its workforce as well as increased economic activity that clearly influenced the company’s success thus far.
The demand for the company’s power, optical fibre and communication cables has progressively increased, and it has been particularly gratifying that all restructuring and expansions that took place over the years, have been carried out successfully despite fierce competition experienced in the wire and cable industry. The company has developed into a major employer in Vereeniging, employing just over 500 workers. M-TEC employees are a representative figure of a vast variety of skilled employees. They are a representative of workers whose diligence, dedication and perseverance has resulted in a consecutive record profit achieved over recent years. These qualities form the basis on which M-TEC can rely on for its future growth and prosperity.
Vision: To help the world become closer and brighter.
Mission: M-TEC aims to ensure customer satisfaction with its best services in time.
STATISTICS/ DEMOGRAPHICS/ HISTORY
Year founded: 1911
Founding member: Sammy Marks
Head office: Vereeniging
Trade affiliations: Vereeniging Business Forum,SADC
Memberships: SAEEC, Association of Electric Cable Manufacturers
New products: Copper telecommunication cables, data cables and RF cables
BUSINESS & FINANCE
Financial year-end: June
Major accounts: Telkom, Eskom, Transnet
NATURE OF BUSINESS
Products/services offered: Copper, aluminium, power cables, optical fibre cables, optical ground fibre wire, copper telecommunication, data cabling, radio frequency cables, GP housewire and welding wire
Export activity: Botswana, Malawi, Ghana, Lesotho, Swaziland, Namibia, Uganda, Madagascar, Mauritius
CONTRACTS & AWARDS
Industrial standards: ISO 9001: 2000, ISO 14001, NOSA 5 Star Grading System
TRAINING & CSI
Training: M-TEC’s investment in training constitutes almost 20 percent of its payroll. The company’s training programmes are focused on artisans, power cable manufacturing, various other learnerships and apprenticeships.
M-TEC continues to be an essential catalyst in the development process of the Vaal Triangle community and provides support in the following areas: Co-sponsor of Telkom Centre of Excellence research project, provides bursaries to disadvantaged students, provides a 24-hour healthcare clinic to its employees among other health focused related services, and assists with funding of local community service projects.
Committed to ensuring compliance with transformational objectives and empowerment of previously disadvantaged individuals takes place at an accelerated pace. Buoyant economic conditions have given M-TEC the opportunity to reinvest in its local community from where it draws its employees.
1. A black economic empowered company
2. Traded as the Union Steel Corporation of South Africa
3. Affiliation with overseas partners has ensured that skills transfer and technical expertise form part of M-TEC’s transformation into a world-class manufacturer
4. Achieved a competitive global environment by increasing efficiency in products manufactured
5. Grants financial support to non-profit organisations towards various CSI projects
CEO: Han Keun Lee
Chairman: J Madungandaba
Executive: Planning & Strategy: DS Shim
Executive Director: Human Resources: GI Mafereka
General Manager: Marketing & Sales: H Diedericks
Physical address: Steel Road, Peacehaven, Vereeniging, Gauteng
Postal address: PO Box 1643, Vereeniging 1930
Telephone: +27 (0)16 450 8200/8000
Fax: +27 (0)16 450 8202/8252