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BMG Company Profile (Jul 2008) A truly inspirational South African success story – and still growing strong! The Bearing Man Group is a truly inspirational success story, growing from humble beginnings as a modest bearings shop in Durban, opened by husband and wife team Greg and Lorelle Till in 1974, to one of Africa’s leading distributors of dynamic engineering consumable products. Today, BMG - now part of Invicta Holdings Limited - has become Africa's largest distributor of bearings, seals, power transmission components, electric and geared motors, belting and fasteners, as well as industrial filtration systems. With an annual turnover exceeding R1,5-billion and a staff complement of over 1800 people, BMG now has an extensive retail and wholesale branch distribution network of more than 120 outlets spanning South Africa, Namibia, Swaziland, Zambia, Botswana and Mozambique. This ISO 9001: 2000 accredited company ascribes much of its success to its uncompromising approach to providing only the finest quality products to its customers in diverse industries ranging from agriculture and automotive to mining and manufacturing. Quality products are backed-up by an experienced and dedicated sales and technical support team, available to customers 24 hours a day, 7 days a week. BMG is recognised internationally as a world-class distributor and this recognition is reflected in the exclusive supply, service and distribution agreements with some of the world’s most respected manufacturers of leading engineering consumables. Today, BMG has exclusive rights to over 35 brands including NSK, NTN, TIMKEN & IKO bearings; HALLITE seals; FENNER power transmission components; TSUBAKI chain; ESCO couplings; NORD & SUMITOMO industrial gearboxes; HABASITLINK plastic modular belting, HUCK fasteners and Pall Corporation industrial filtration and separation systems. The company also has shared rights to another 20 world-class brands, and owns a number of local subsidiaries. This impressive local and international presence supports an intensive international sourcing policy, which ensures that the best products and leading brands from around the world are supplied to local industry through the company’s divisions which include bearings, seals, power transmission (drive belts, chain and ironware), power drives, electric motors, conveyor belting components, fasteners, OST Africa (Pty) Limited (industrial vibration products, transmission products and materials handling) and industrial filtration and separation systems. The bearings division, the biggest division of BMG, remains the biggest contributor to profits. A key growth area for the company is the optimisation of energy consumption and efficiency in the industrial economy of South Africa. BMG’s energy efficient products, which include electric motors, self adjusting motor bases, frequency inverters, fluid couplings and synthetic oils, provide its customers in diverse industries with optimum efficiency, reduced power consumption by up to 40%, low maintenance and extended service life. The company is also a responsible corporate citizen, dedicated to quality, safety, skills transfer and social upliftment. BMG’s ISO 9001 Quality Management System (QMS) certification was obtained in 2003 and re-certification has been confirmed until December 2009. The company’s commitment to a safe and healthy working environment for customers and employees is demonstrated by the implementation of OHSAS 18001. BMG’s ‘Academy of Excellence’ aims to instill a culture of learning and knowledge sharing among employees with a strong focus on technical, selling and service, as well as management and financial skills. The company’s internship programme aims to address the critical shortage of quality technical skills in the engineering sector. These initiatives are in line with the company’s commitment to develop and retain the best technically-skilled people to service its customers. BMG’s approach to improving key technical and logistical skills includes technical training from overseas suppliers and continued investment in local training programmes. As a subsidiary of Invicta Holdings, BMG is committed to transformation and upliftment in line with the government’s broad-based black economic empowerment (BBBEE) initiative. Invicta’s BEE partnership within the Humulani Group, as well as increased preferred procurement, training and skills development and enterprise advancements, ensures a continuous improvement in BMG’s BEE rating under the BEE Codes. The group is also involved in the Business Trust, an initiative of South African companies working in partnership with the Government to help provide sustained improvements in the lives of the underprivileged. Following the appointment of a new CEO, Charles Walters, in 2006, BMG has set itself the target of doubling its business over a period of five years. With a strategic focus on cost efficiency, improved branch management, strengthened relationships and excellent service at key accounts, as well as increased skills training and development, the company remains well on track to achieving this target. Highlights in the company’s history include:
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