Industrial Water Cooling (IWC) is a manufacturer of cooling towers in South Africa. The company’s headquarters are in Isando, Johannesburg.
The company primarily supplies cooling towers to the following industrial sectors: power generation; mining; petrochemical industries; sugar; steel; food & beverage; air-conditioning and refrigeration.
The company has undertaken projects for companies such as Sasol,[1] ArcelorMittal,[2] Foskor,[3] and Eskom.[4]
History
IWC was founded in 1986. In September 2011, the South Africa-based private equity investment management company, Medu Capital, acquired a 62% equity interest in the company.[5]
In 2013, IWC entered into an agreement with Danish plate heat exchanger manufacturer Sondex to supply its replacement plates and gaskets in sub-Saharan Africa.[6]
In the same year IWC opened a glass-reinforced plastic manufacturing facility in Isando, Ekuhleni, one of only two GRP plants of this kind in South Africa.[7]
Acquisitions
In August 2014, IWC announced the acquisition of Tektower, formerly known as Sulzer Cooling, a South African-based cooling tower manufacturer, to expand its African operations.[8] Tektower now operates as a subsidiary of IWC.
In September 2014, the company acquired the Vectus Pipe system from Fiberpipe;[9] a pipe system manufactured from glass fibre reinforced polyester and vinylester and widely used in the oil and gas, shipbuilding and offshore industries.