Since then, Techno Arms has had a lot of problems. The major contract with Sierra Leone was never signed. The company does not fit into "the core activity" which Kvaerner will concentrate on in the future. And sales to South African customers are low. Techno Arms' problems can be illustrated by the fact that the company's total turnover in 1998 equals about one month's salary for a single worker in an ordinary industry job. The number is estimated to 4000 South African rand, or roughly US$ 600, by Mr. B. J. Hancock, administrative secretary in Cementation Company (Africa) Ltd, Kværner's subsidiary (49.9%) in Johannesburg.
Hancock repeats Kvaerner's promise that Techno Arms will be sold, but he says that it has been difficult to find a buyer for this company.
Norwatch Newsletter 13/99