Turnall volumes fall 34pc in Q3
Zimbabwe Stock Exchange-listed manufacturer, Turnal Holdings Limited, suffered a volume reduction of 34 percent for the third quarter that ended 30 September 2022. In a trading update released on Thursday … Read More
Category: Manufacturing
Sino-Zim disposes of Allied Insurance shares
CEMENT manufacturer, Sino-Zimbabwe Cement company (SinoZim) on Wednesday said it was disinvesting from Allied Insurance Company, and will dispose of its entire block of shares in the firm. SinoZim holds … Read More
ZESA switches on Zimasco over tariff dispute
Zimasco, a unit of Sinosteel Corporation, has closed down its smelter in Kwekwe after Zesa cut power supplies because of a tariff dispute. With effect from October 1, 2022 exporters, … Read More
Zisco revival on course, due diligence complete
THE revival of Zisco is underway and a due diligence exercise on how to resuscitate operations at the Redcliff-based steel manufacturing company has been completed. Once the largest integrated iron … Read More
Delta anxious over tough operating environment
BEVERAGE manufacturer, Delta Corporation Limited says the country’s operating environment remains complex and challenging, with the implications of next year’s general elections looming large. Delta is the most valued counter … Read More
Tiger Wheel & Tyre journey extends to Hwange
A JOURNEY of a thousand miles begins with a single step. So true is this when considering the growth and expansion of Tiger Wheel & Tyre Zimbabwe as they expand … Read More
Zimasco halts production due to power disconnections
KWEKWE-based ferrochrome producer, Zimasco Private Limited, has temporarily haltedoperations after power utility, Zesa disconnected electricity supplies from the companyover yet to be ascertained reasons. The development has forced the company … Read More
United Refineries trebles hectarage under soya bean
DIVERSIFIED agro-processor and manufacturer of oils, United Refineries Limited (URL) is trebling hectarage under soya bean out-grower scheme from 2 500 hectares grown last year to 7 500. The initiative … Read More
Innscor invests US$25 million in automated bakery plant for its bakery
Diversified industrial conglomerate Innscor Africa Limited says the US$25 million automated plant for its bakery division in Bulawayo will be fully operational before end of this year in a move … Read More
Lafarge Cement set to double output
In the half-year to June 2022, Lafarge recorded volume of cement sold declined by 56 percent versus the same period last year. ZIMBABWE Stock Exchange (ZSE) listed Lafarge Cement Zimbabwe … Read More
