Manufacturing Today - Spring 2011 - (Page 42)

The South African Mint Co. www.samint.co.za / Revenue: Up to $86 million / HQ: Centurion, South Africa / Employees: 500 on average / Specialty: Advanced manufacture of circulation coins and numismatics / Tumi Tsehlo, general manager of circulation coins: “The most important thing for our customers is price.” In the Money circulation and collecting are two sides of the same coin at the south african mint. by russ gager Not everyone’s business is made of money, but Tumi Tsehlo’s is. Despite this, as general manager of circulation coins for the South African Mint Co., Tsehlo still has to watch expenses, improve productivity and fend off competitors, whom he says are approximately 90 percent government mints. The rest are private blank suppliers around the world. “We operate in a very mature industry to be honest, so the differentiation [with competitors] is not that strong,” Tsehlo concedes. Suppliers of circulation coins to governments are prequalified to assure they can deliver the minimum quality. “So, for all the people that are prequalified, it is quite clear they are able to meet the quality requirements,” he notes. “Quality is not a basis for competition. The most important thing for our customers is price.” To help its customers get the most coin for the least, the latest design and manufacturing methods are used. The primary method to reduce manufacturing cost is automation, which the South African Mint has pioneered in the industry and is continually increasing in its operations, Tsehlo says. “We were the first mint in the world to employ automated guided vehicles,” he points out. “It’s something the minting industry is now catching up to. We were at the forefront of this for a very long time. Making a Mint “Technology also is becoming more and more computerized in our industry,” Tsehlo adds. “A lot of our technology plays a huge role in improving efficiencies and making sure we can south african mint uses the latest design and manufacturing methods to lower prices for its customers. 42 manufacturing-today.com SPRING 2011 http://www.manufacturing-today.com

Table of Contents for the Digital Edition of Manufacturing Today - Spring 2011

Manufacturing Today - Spring 2011
Contents
Washington
Global
Business Value
Supply Chain
Pricing
Accounting
MasterGrind/EDM
Purafil
Patriot Forge Co.
Reading Bakery Systems
The South African Mint Co.
GCX Corp.
Jay Industries Inc.
Johnson Electric Coil Co.
Certified Transmission
Olhausen Billiards
Pace Industrues
RTI Claro
The Testor Corp.
Restonic Matresses
Advanced Automation
Anadigics Inc.
Hermes Cones & Snack Manufacturers
JR Automation Technologies LLC
Prodomax Automation Inc.
Stafford Manufacturing Corp.
New England Ropes
Pak-Sher
Berger Paints Trinidad Ltd.
Air Tractor
Artisans Inc.
Bermingham Foundation Solutions
Bowers Manufacturing Co.
Ferti Technologies
Industrial Acoustics
Morton Industries
Presstek Inc.
Ranco Fertiservice Inc.
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Manufacturing Today - Spring 2011

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