The History of Argent Industrial Limited
The Scharrighuisen Group began in 1972 when the Scharrighuisen families settled in South Africa from Holland in order to execute certain earthmoving contracts which they had secured. As the business developed, the Scharrighuisen Group became aware of opportunities in the industry and successfully addressed these markets. Scharrighuisen was listed on the JSE on 28 September 1989 and was quoted under the Industrial Engineering sector. Scharrig Mining Limited was listed on the JSE on 25 January 1993. Scharrig Industrial Holdings (Pty) Ltd was born out of Scharrig Mining Ltd. The company was subsequently formed for the purpose of holding the Group's industrial investments which were previously held by Scharrighuisen Holdings Limited. Scharrig Industrial Holdings (Pty) Ltd was listed on the Johannesburg Stock Exchange on 24 November 1994.
The Company changed its name to Argent Industrial Limited on 27 September 1999. The Argent Group is predominately a steel merchant with steel trading making up approximately forty three percent of Group turnover. Thirty seven percent of the Group comprises of companies which beneficiate or add value to steel either via manufacturing or through steel service centres. The Group is made up of ready mix concrete, railway retarders and engine refurbishment. Group activities are based in Gauteng, Northern Province, Eatern Cape, Western Cape, Kwa-Zulu Natal, Mpumalanga and North America.