CSC to go under reconstruction
THE Government is considering placing the Cold Storage Company (CSC) under reconstruction in order to bring the entity back on its feet as it is taking long to resuscitate the … Read More
Category: Manufacturing
Musarara, deputies re-elected to lead GMAZ
MR Tafadzwa Musarara and his deputies have been unanimously re-elected to lead the Grain Millers Association of Zimbabwe (GMAZ) for the next three years. He retained the post during the … Read More
Lafarge in strong post-covid-19 lockdown recovery
Cement manufacturing giant, Lafarge Cement Zimbabwe (Ltd) has recorded a strong come back from the Covid-19 induced slow down of business operations as indicated in the company’s half year performance … Read More
ZimChem seeks US$3m injection to increase production
REDCLIFF-based chemical manufacturing company, ZimChem Refineries (Pvt) Limited, says it requires US$3 million for the upgrade of its refinery plant and purchase of raw material to increase production. The wholly-owned … Read More
Zimplow eyes transport, logistics businesses
ZimPLOW, a manufacturer and distributor of agricultural, mining and construction equipment, has announced plans to acquire businesses that will see the Zimbabwe Stock Exchange listed company diversify into the transport … Read More
Audit to unmask Zisco losses
THE Government would soon carry out a forensic audit at the defunct steel giant, Ziscosteel, to quantify and ascertain the losses at the company, acting Ziscosteel board chairperson, Engineer Martin … Read More
Water purification firm diversifies
Harare-based water purifying company, Zimbabwe Life is Good (ZLG), has diversified into manufacturing equipment to fight Covid-19, which augurs well with the country’s value addition and beneficiation drive. ZLG is … Read More
Ingwebu diversifies into bottled water
INGWEBU Breweries in Bulawayo intends to further diversify by producing bottled water. The Bulawayo Municipal Commercial Undertaking (BMCU) company is already producing amahewu and hopes to capture part of the … Read More
Zeco’s going concern status hangs in balance
LISTED engineering firm, Zeco Holdings Limited’s going concern status hangs in the balance as the company’s current liabilities have exceeded current assets by $4,484 million. According to a recently issued … Read More
Bleak future for Zim chrome smelters
The global coronavirus has forced most ferrochrome producers in Zimbabwe to switch off furnaces following a plunge in prices. This has been worsened by several other internal factors including high … Read More
