Got a spare $111 million lying around? Buy a nuclear power plant!

A business tycoon from the US has recently made history, he became the first ever individual to purchase a nuclear power station. Franklin J. Haney, whom has made his fortune through being an innovative property developer, acquired the Alabama based nuclear power station at an auction on November 14th.

Mr.Haney, has built himself quite the reputation on the journey to attaining his fortune, he’s established a status for ‘innovative financing’ and ‘imaginative acquisitions’, of which the ‘imaginative’ and ‘innovative’ are certainly justified in his latest purchase. However, his initial investment of $111 million is just the start of his spending intentions for this project.

After attaining a number of interested parties from the beginning, the day of the auction only actually saw 2 interested parties battling it out. Jackson Holdings of Alabama LLC, were the competition faced and made a serious challenge of it, bidding up to but no higher than $110 million.

The 75-year-old has vowed to rejuvenate numerous communities in Tennessee and Alabama, pledging that the completion of the plant will create in excess of 4’000 jobs, whilst operating the plant will create 2’000 permanent and highly-paid jobs.

Along with the incomplete 2.6GW power station, which has for years been ransacked for spare parts, Haney will get 1,400 acres of property on the Guntersville Reservoir. To hold him to his promises regarding the site, the seller, state utility Tennessee Valley Authority (TVA), stipulated that Haney must invest at least $25m on the property within five years of closing the deal, and he has two years to close the deal. It contains two partially built Babcock & Wilcox pressurised water reactors. When TVA halted construction in 1988, reactor 1 was approximately 90% compete, and reactor 2 was approximately 58% complete. But after years of removing assets from the units, and following subsequent inspections, the reactors were deemed 55% and 35% complete, respectively, in 2009.

As well as the power station and the land, Haney gets switchyards, office buildings, warehouses, cooling towers, water pumping stations and railroad spurs. “The Bellefonte Nuclear Station will help transform communities across the region – many of which have been hit hard by the forced closure of coal power plants over the last decade. This project will bring new life to the region by creating thousands of jobs while providing assured access to reliable, affordable, zero-emission energy.”

 

HS2 railway gets the green light!

Despite considerable opposition to the idea, the British government has announced they will be going ahead with plans to build the highly anticipated High-speed 2 (HS2) railway in full. The line is estimated to cost the country somewhere in the region of £56 billion and will considerably reduce travel time between some of the country’s most economically integral cities including London, Manchester, Birmingham, and Sheffield.
The country’s transport secretary, Chris Grayling, said “HS2 will be world’s high-techest, smartest, fastest railway. It will be a state-of-the art railway. This is faster than the Japanese bullet trains, and more state-of-the-art. This will be the fastest, most modern railway in the world.” Once the entire system is fully operational, the new trains will carry 300’000 people a day, tripling the number of available seats out of London Euston station.
Much of the rail-line is going to be situated in the north of the country, which could be an immediate response to the message delivered by the Brexit vote. A large proportion of the country whom voted to leave the European Union were based in the north of England, a part of the country which for many years felt they were being neglected by the government when it came to large-scale investments. Much of the motive behinds the vote was people felt the country was chucking needles amounts of money into the European Union, whereas it could have been better used in domestic developments.
Grayling has stated that HS2 is not just about making journey’s quicker but also to address the capacity issues being felt by train operators, where many of the countries commuters are forced to stand on their journey’s due to a lack of seats. “We all know our railway system is full. Too many people have to stand, and there are too many people sitting in traffic jams on roads behind endless rows of Lorries. “You can’t solve that problem unless you build something new, and by building something new, why would we build something old-fashioned?

The government has also vowed to allow as much of the project as economically possible to be contracted to British manufacturers, which Grayling describes as “overwhelmingly good news for British business and for British skills and for British manufacturing”.

 

How drones are revolutionizing the construction industry

Drones have been one of the fastest growing phenomenon’s in the last few years, both in terms of private and commercial use. To be the expansion into context, back in 2012 the Federal Aviation Administration (FAA) estimated that by 2012, 30’000 drones will be operating in US airspace; at this current time (2016) around 2.5 million drones are operational in the United States, of which 500’000 are being used commercially. Unsurprisingly, the FAA has since revised their forecast and now predicts the country will have 7 million drones in the air by 2020.
Many believe drones are the next step in the process of the ‘industrial revolution’. Before the availability of the modern cranes and industrial equipment, we rely so heavily upon today, laborers would be forced to complete every single job on the construction site by hand. Jobs that today take months to complete would have in years gone by taken years, and in maybe 20 years time, the jobs we see today taking months could take weeks, thanks to the use of drones.
Assessing the earth for the foundations of construction is also something that a drone can be considerably more efficient for. Traditional land survey equipment gets the job done and provides accurate results, however, when the apt software is installed into a drone, it will also attain accurate result but it will complete the job in a time 85-percent quicker at a cost of 10 times cheaper than traditional methods.
Furthermore, the job a project manager is also made fundamentally easier through the assistance of drones. In years gone by builders manually assessed project dimensions, which would predominantly be unreliable, timely and costly.  By using drone data tools, the drone can automatically measure essential projects components, such as stockpile volumetric, whilst also sending instant feedback to the project manager who can begin analysis.
Drones are becoming increasingly common in day-to-day life but this is just for leisure, more importantly, drones are becoming more and more prevalent in a variety of industries but none more crucially than construction. Construction is an industry very much built on efficiency, in the sense of cost and time; hence the reason drones potentially have such a pivotal role to play, when the above reasons are taken into consideration.

You would be a brave person to bet against drones being a key player in the next industrial revolution.

Hotel developments to lead the way for growth in African tourism

A number of the world’s largest hotel chains are betting on Africa being their next big investment opportunity. Africa’s tourism sector is already on a momentous upwards slope and this is the obvious trend that has caught the attention of some of the world’s most renowned hotel names, such as, The Hilton, Fairmont and the Jumeirah group. Starwood, Marriot and the Four Seasons have also publically stated they intend on investing heavily across North, South and Central Africa in the five-years between now and 2021 that experts predict will be one of the largest periods of hotel growth in the continent’s history.
Foreign Direct Investment (FDI) in Africa is currently rising at an astronomical rate; last year, the global growth rate of FDI was 1%, whereas in Africa they experienced a 7% growth. Paul Frimpong, Investor Analyst at international business facilitation experts Naseba, said: “The enormous potential of the African continent cannot be emphasized enough. Africa is the fastest growing region for FDIs in the world. Aggregate household consumption will reach $1.4 trillion with collective GDP hitting $2.6 trillion in 2020 alone. These facts show that with the understanding of the growth momentum, combined with the right strategies, presents handsome rewards for current and prospective investors in the region.”

Not only does the hotel boom in Africa provide more opportunity for the tourism industry but it also presents an abundance of opportunity for the continents architects, interior designers, real estate developers, buyers and engineers working on not only hospitality, but retail, commercial and residential developments.

 

Container Success

Container architecture is becoming more and more popular by the day,as more  people are intrigued by the unique design and appearance of container homes, apartments, offices and other living spaces.

At SMC we offer best quality shipping containers of international standard.  Containers, as one of our best selling products, have seen increasing demand and popularity as they are convenient to use as a building system, easy to set up, and can even be cost effective, when compared with  conventional building systems. Shipping container uses go as far as one’s imagination and creativity can go. They can be used as tuck shops, convenient office space,basement or bunker, garages and other spaces.

We offer containers in different sizes and variations, therefore there is a container suitable for all your needs. These variations range from the standard containerreefer containers, open-top container, open-side container as well as other special feature containers such as the flat rack container, platform container etc.

Our containers are manufactured in a way that quality and maximum strength are ensured, with rust protection, wind and water proof guaranteed.

Contact us for an inquiry to get more information about our product range.

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Lebo Seopane// SMC Editor

Credits: SMC website, Google images

Transport made easy!

As the one of leading supplier and manufacturer of metal products in China, we know best about what type of containers are suitable for transporting what type of goods. At SMC, containers being one of our most popular products, we assure you of the best quality, secured containers which enable goods to be transported safely.

Our open top containers are perfect for businesses that deal in large, industrial size equipment. This container enables goods of unusual shape and size to be loaded onto the container and transported to their place of need.  The removable top of this container comes handy especially when transporting goods such as mining and construction equipment,machinery,  building materials and other mega size equipment.

Open top allows goods to be secured and left in their natural shape, hence they are transported freely.

To learn more about how our open top containers can best suit your needs, visit our website and see our full product range.

Contact us for a free inquiry, our friendly staff will be available to help you.

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Lebo Seopane// SMC Editor

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Christmas “Gifties”!

It’s Christmas time! If you are wondering what to buy your loved ones as gifts, here are a few ideas. We offer all types of metal which are used to make your lovely pots, cutlery, trays and other ornamentals used in fine dining. So why not look to us to see what types of metal was used to make you these products! We have a wide range of metal products including stainless steel cutlery  which is an essential part of your kitchen. 

If you are looking to revamp your kitchen to give it a new look for the new year, we have stainless steel strip for kitchen benches and sink , we also have other metal products for your taps and other fittings in the house. For a different look, you may also want to have a look at our copper and brass fittings options.

Our wide range of metal products can also give your bathrooms a unique look.. Spoil yourself! Get your copper input material from us and have your extraordinary look well in time for the new year!

For those on a smaller budget and not looking for major changes like a home make over, why not get our copper sheets to make bracelets with initials of your loved ones on it!

SMC wishes you all Happy Holidays, and successful gift buying!

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Lebo Seopane//SMC Editor

Credits: SMC website, Google images, Harts of Stur-Arthur Price Kings