Omnia aims to generate half of its revenue from offshore
The chemical producer is broadening its focus beyond Africa and had sights on the Americas, Australia and Europe
Chemicals group Omnia wants to generate half its revenue outside SA in the near future, partly in response to limited growth opportunities and risks in its home market, says MD Adriaan de Lange. “SA is still 63% of our turnover and I’d like to get that to 50/50 as soon as I can.... The bigger the international portion becomes the better,” De Lange said on Tuesday. Omnia, which supplies to the agriculture, mining and chemicals industries, said on Tuesday the local mining industry was under pressure “due to policy uncertainty and the prospect of changes to the Mining Charter”. This would weigh on investor sentiment “and the future viability of the mining industry in SA” until the issues were resolved. De Lange said Omnia planned to grow Umongo Petroleum — 90% of whose shares the group acquired recently — into sub-Saharan Africa and possibly further. The group was broadening its focus beyond Africa and had sights on the Americas, Australia and Europe. Most of its international revenue ...
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