The Group produces a wide range of steel products which are used as components in the production of car chassis, fire extinguishers, mechanical and household appliances, high velocity forging machines, metal cabinets, control consoles, safes, steel furniture, motorcycles, fans, kitchenware and stationery.
The Group’s products are classified into three specific types; strip, plate and pipe, in addition to the car part components.
Currently CTL is producing around 40,000 tonnes a year of product and plans to increase that to 60,000 tonnes in 2017.
CTL plans to expand its production offering through upgrading elements of its plant capacity. The main equipment has the capacity to process around 15,000 tonnes per month or around 180,000 tonnes per year.
The existing annealing furnaces however cause a bottleneck and restrict overall production to at most 80,000 tonnes a year using 3 production shifts. It is planned that in 2018, ten more annealing furnaces will be added resolving that bottleneck situation.
CTL enjoys the benefit of having approximately 300 long term customers that purchase various value added steel products from them. In addition to these customers, the business also supplies components to suppliers to the automotive manufacturing sector that are used in vehicles such as Volkswagen, Audi, BMW, Mercedes-Benz, Geely, Land Rover, Volvo, Citroen, GM and Ford.
The broad customer base of the business also benefits from not having any one customer accounting for a disproportionate level of the overall revenue of the business. This mitigates risk and can to a degree also address any seasonal pressures that may be experienced by the business in terms of manufacturing output.