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Integrated Annual Report 2017


Hulamin is a leading, mid-stream aluminium semifabricator and fabricator of aluminium products located in Pietermaritzburg, KwaZulu-Natal and Midrand, Gauteng, supported by sales offices in South Africa, Europe and the USA. Hulamin is the only major aluminium rolling operation in sub-Saharan Africa and one of the largest mineral beneficiating exporters in South Africa. 53% of Hulamin’s sales are exported to leading manufacturers around the world, focusing on specific product and end-use markets.


The origin of Hulamin dates back to 1935 when the Aluminium Company of Canada Limited (Alcan) opened a sales office in South Africa, which was followed in 1940 by the registration of the Aluminium Company of South Africa (ALCOSA). During and after World War II, demand for semi-fabricated aluminium developed to the point where an aluminium rolling mill was opened in 1949 at the current Pietermaritzburg site.


Hulamin has grown and expanded its operations to cover a full range of rolled and extruded aluminium products.

Hulamin operates modern aluminium rolling equipment as a result of its two recent major expansion projects. The first was completed in 2000 at a cost of R2,4 billion and increased annual capacity to 200 000 tons.

The second expansion project, completed in 2010 at a cost of R950 million, further increased total capacity and that of higher-value products, thin gauge foil and heat-treated plate.

In 2007, Hulamin unbundled from Tongaat Hulett Limited and listed on the main board of the JSE in the Aluminium sub-sector of the Industrial Metals and Mining sector.

For more information on our vision see here of this report.

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Hulamin transforms primary aluminium into two types of semi-fabricated products: rolled products and extruded products. Our products are used by downstream fabricators in a variety of industries, namely:   Automotive and transport   Building and construction   General Engineering   Packaging

Ordinary shareholders at 31 December 2017
  Other 57%
  Industrial Development Corporation 30%
  Investec 7%
  Truffle 6%
Revenue per industry
  Packaging 46%
  General engineering 38%
  Automotive and transport 14%
  Building and construction 2%
Revenue per region
  South Africa 47%
  Europe 22%
  North America 20%
  Middle East 4%
  Asia 4%
  South America 2%
  Other 1%


Our Rolled Products segment (which includes the Containers business unit) is primarily an export business (in excess of 55%), due to the current small size of the local aluminium downstream industry relative to the capacity of our plant, which has the necessary scale to be globally competitive.

Our Extrusions segment is a supplier to the domestic market.