89 register to set up community bakeries
A TOTAL of 89 individuals have registered to revive or set up new small community bakeries as part of efforts to break the monopoly of big companies in the bread… Read more »
Category: Manufacturing
Industry minister tours Isuzu plant
On the back of impressive Isuzu trucks sales in Zimbabwe, the Minister of Industry and Commerce Nqobizitha Mangaliso Ndlovu yesterday visited the vehicle manufacturing company’s production facility in Port Elizabeth,… Read more »
Diapers firm gets 30-day ultimatum . . .Investor threatens to pull out
A FOREIGN investor is considering pulling out of the country after its proposed US$2 million diaper manufacturing project in Bulawayo stalled due to a shortage of foreign currency to import… Read more »
Willdale introduces Topaz bricks to stave off competition
Brick maker, Willdale, says its latest product, Topaz, will reposition the company in the market and go a long way in substituting imports. Speaking at the product launch in Harare… Read more »
Invictus, Sable Chemicals sign MoU on gas exploration
Invictus Energy Limited has entered into a non-binding memorandum of understanding (MoU) with local fertilizer maker, Sable Chemical Industries, to progress gas supply from the Cabora Bassa Project subject to… Read more »
Larfarge projects high cement demand
LAFARGE Cement Zimbabwe has projected high demand for cement in the country this year on the back of growing housing developments despite rising inflationary pressures. In a statement accompanying the… Read more »
Lancashire Steel deal collapses
A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow… Read more »
Lafarge emerges from loss position to post US$1,3m profit
Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue… Read more »
PPC to invest dividends in govt bonds
CEMENT producer PPC Zimbabwe has, in the last five years, spent over US$140 million in plant refurbishments and it aims to invest some of its dividends in government bonds to… Read more »
Delta snaps up 50,1 percent stake in Afdis
LEADING beverages maker, Delta Corporation, has consolidated its stake in African Distillers Limited (Afdis) after acquiring 50,1 percent share ownership, management has said. Delta Southern Region general manager responsible for… Read more »