Capital Equipment News December 2018

CONSTRUCTION NEWS

Dynapac’s Dyn@fin eases the pain for small contractors

Small, medium and micro enterprises (SMMEs) and other developing contractors have in the past, and are currently still experiencing extreme challenges to acquire their own construction equipment. This is due to the old adage of limited access to finance and stringent credit affordability measures available through the normal financial institution processes. In addition to severely hampering the development of the businesses, it also presents a huge impediment to the development goals of the construction sector at large. Recognising this challenge, Dynapac SA has introduced a simple, flexible and affordable financial solution called Dyn@ fin. It makes it possible for up-and-coming South African contractors to acquire and own compaction and road surfacing equipment. The Dyn@fin finance package offers ownership of the equipment at the end of the customer’s selected repayment period, irrespective of the purchase plan. Being off- balance sheet, it affords the business more growth flexibility. “The innovative finance package stems from our understanding of the importance of developing the SMME construction sector so it can play a more meaningful role, not only in the construction industry but also in the larger South African economy,” says Neville Marthinussen, business line manager at Dynapac South Africa. “Dyn@fin

Dynapac SA has introduced Dyn@fin, a flexible financial solution that assists SMME contractors to acquire and own compaction and road surfacing equipment.

will assist this vital SMME segment of our customer portfolio to build an asset base in order to develop and grow their business and secure future projects.” Dyn@fin has placed specialist yellow metal finance management in control of the finance process with simple, easy-to-follow steps to assist customers in obtaining finance in a faster and much more efficient way compared with conventional methods. Various payment options, including deposits, repayment terms, direct instalments and sale purchases are available. Marthinussen points out that each plan and option is tailor-made to suit the customer’s current requirements

and business capabilities with each deal structured to ensure the instalments are affordable and below the average cost of finance. Assistance with cash flow and contributing to the improvement of the credit ratings of the contractors are further key benefits offered by the versatile plan. “We are proud of the fact that the Dyna@fin programme was developed in South Africa especially for the South African market with the support from our regional and global management teams,” says Marthinussen, who reveals that they are in the process of rolling Dyn@fin out to all players in the broader construction industry. b

SKF Cooper bearings get a facelift

SKF Cooper split roller bearings has a brand new look with new colour, product markings and box design, effective 1 November 2018. The new SKF Cooper dual product branding and identity will be applied for all split roller bearings. The change from the current Cooper product brand and identity to the new SKF Cooper dual product brand and identity covers all products made by SKF Cooper. This will be a step by step implementation during the end of 2018 and into 2019, therefore customers will see the changes gradually over time to cover all product ranges. Key changes will be the housing branding, product name plates, packaging and labels, component markings, as well as housing and cartridge paint colour. Customers can be rest assured that the changes are only visual and do not in any way impact the product’s technology or performance. SKF Cooper products will continue to complement the growing SKF portfolio of complete solutions for the marine, mining, quarrying, construction and energy sectors. In addition to the brand name change, the channels to market for SKF Cooper products, including responses to customer enquiries, product supply and after-sales support, will be handled on a global basis through local SKF sales outlets going forward. b

The new SKF Cooper dual product branding and identity will be applied for all split roller bearings.

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