Lake provides ingredients and value-adding blends for the food industry, surfactants for the explosives and fertilizer industries and chemical raw materials for local manufacturers.
In January 2013 the business was restructred into two stand-alone entities: Lake Foods and Lake Specialties.
2012 Overall Performance
Lake achieved excellent results thanks to the delivery of several projects, the diverse nature of its activities and the focus on exports. The acquisition of 80% of Afoodable's marinades and sauces business was a valuable addition to the portfolio.
Market conditions were challenging, with a subdued global trading environment and strikes in the South African mining, transport an agricultural sectors having adverse effects on peformance. Delivery of products to South African customers presented challenges as did ensuring continuity in the supply of raw materials to Lake' s manufacturing facility.
Safety was a prority in 2012, after a disappointing performance in the prior year. A two-year campaign was launched to improve safety-related behaviours and was well accepted across the company. Lake's TRIR improved to 0,42 from 1,65 in 2011.
Lake's Natalspruit operation achieved a 5 Star rating from NOSA. The Umbogintwini site has certifications for ISO 9001, ISO 14001 and OHSAS 18001 and the company is a Responsible Care Signatory.
A cost saving initiative at Umbogintwini yielded results in terms of reducing engery consumption and improving efficiencies, resulting in a positive impact on the company's environmental footprint.
Lake achieved a Level 4 B-BBEE Contributor rating for 2013/2014.