Steel plant furnaces components arrive
GIANT furnaces worth millions of dollars yesterday arrived at the Manhize steelmills site in Mvuma as the US$1 billion iron and steel plant takes shape. Villagers and the surrounding community … Read More
Category: Manufacturing
Commodity price boom buoys GB
Industrial rubber and chemicals producer GB Holdings says it is optimistic of the future, driven by the resurgence of commodity prices in the mining sector. GB’s chemicals unit, Cernol Chemical’s … Read More
Lafarge Zim makes head start in Malawi
Lafarge’s US$15 million investment programme includes construction of a new mill. Lafarge Cement Zimbabwe is optimistic about the potential for growth in demand of its products in the export market … Read More
Other key cost drivers to decide bread price cut margins: Bakers
THE percentage by which bakers will reduce the price of bread following the agreement between the National Bakers Association of Zimbabwe and the Reserve Bank of Zimbabwe (RBZ), will depend … Read More
PPC downbeat as inflation shakes Zim
JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation. Ahead of releasing financial … Read More
Construction of another Natpharm warehouse begins
The Government has secured US$6 million funding for the construction of a state-of-the-art NationalPharmaceutical Company warehouse in Mutare, with construction works having already started Construction of another state-of-the-art National Pharmaceutical … Read More
Bread price must go down: RBZ
THE Reserve Bank of Zimbabwe (RBZ) yesterday directed that bread prices should be reviewed downwards from $640 in line with the official foreign currency exchange rate and global trends. This … Read More
Sable Chemicals readies to trim imports Rehab exercise to yield 200k tons/year
AMMONIUM Nitrate (AN) fertiliser manufacturer, Sable Chemicals Industries, has made significant strides in refurbishing its plant in a bid to increase production to about 200 000 tons per year as … Read More
Bid to revive tool making industry
The Zimbabwe Tool, Die and Mould Making Association (ZTDM) intends to revive the tool making industry, a key pillar of the manufacturing sector value chain in supporting the Government’s National … Read More
Tongaat Hulett delays release of results
Sugar producer Tongaat Hulett says its annual results for the year ended March 2022, will be delayed. The embattled group has been grappling with a R6.8 billion debt pile, leading … Read More
