Spinners suffocate as 90% lint leaves Zim
In the 2021 season, 56 000 tonnes of lint were exported and 6 000 tonnes were left for local spinners.NEARLY 90% of the cotton lint produced in Zimbabwe is being … Read More
Category: Manufacturing
Cafca to eliminate expensive borrowings
Cables manufacturer –Cafca Holdings Limited says it is shifting its focus to eliminating borrowingsin line with increased bank policy and medium-term lending rates which were reviewed last year. The measures … Read More
Nampak lifts volumes as demand recovers
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from a rebound in agriculture and bullish international commodity prices. The company saw overall demand for packaging improving significantly during 2022. … Read More
Nampak splashes $1,66 bn on capex in FY22
Nampak Zimbabwe says it spent $1,66 billion on capital expenditure for the year ended September 30, 2022 and is now reviewing a few significant capital projects that could come online … Read More
Seed Co expects strong growth in forex revenue
Zimbabwe Stock Exchange (ZSE) listed seed producer Seed Co Limited is upbeat about prospects for enhanced foreign currency earnings on the back of anticipated growth of export and increased local … Read More
Zimasco resumes production, to commission two new furnaces
KWEKWE-based ferrochrome producer Zimasco has resumed production after a two-month closure following disagreements with power utility ZESA over changes in electricity tariffs. Zimasco Zimasco spokesperson Clara Sadomba told New Ziana … Read More
Fertiliser industry pumps US$14,2m into production
THE local fertiliser industry has invested US$14,2 million to unlock stocks under collateral management authority, a Cabinet minister has said. In a State of Industry and Commerce report submitted to … Read More
CSO lauds proposed amendment to Sugar Production Control Act
A LOCAL social and economic justice watchdog has described the amendment of the Sugar Production Control Act as a step in the right direction towards establishing workable value chains that … Read More
Manhize power infrastructure designs almost complete
THE designing of power lines and electrical substations for the Dinson Iron and Steel Company(Disco) steel plant is now 80 percent complete, an official has said. Disco, which is building … Read More
Afdis feels heat from cheaper, illegal dealers
WINE and spirits producer, African Distillers (Afdis) Limited says despite registering a significantvolume growth and an increase in foreign currency transactions, cheaper and illicit productscontinue to raid its market share. … Read More
