HARARE, September 14 (The Source) – Plastics manufacturer, Proplastics’s net income for the six months to June grew nearly threefold to $352, 946 from $91,243 reported in the same period last year on increased sales and lower finance costs.
HARARE, August 31 (The Source) – On Monday this week, government announced that Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), the latest attempt to revive the once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 28 (The Source) – Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), a Minister said on Monday, the latest attempt to revive the moribund steelmaker, once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 22 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says its Zimbabwe operation recorded double digit volume growth in the quarter ended June, attributable to investment in the Harare mill. Last November, the company commissioned an $82 million plant in Harare,… Read More
HARARE, August 18 (The Source) – Buildings materials maker Turnall Holdings on Friday said cash flow and production volumes are showing signs of recovery in the second half of the year after a ‘difficult’ first half period.
VICTORIA FALLS, August 4 (The Source) – Proplastics says revenue levels for the first half of the year surpassed last year’s as the plastic products manufacturer’s production continues to rise since installation of a new plant.
HARARE, July 26 (The Source) – Cigarette maker BAT’s net income rose 27 percent to $4,6 million in the half-year to June, from $3,6 million achieved in the comparable period last year driven by improved efficiencies.
VICTORIA FALLS, July 25, (The Source) – Beverage giant Delta Corporation says it is closing its Victoria Falls distribution depot as the company moves to rationalise its operations. The company currently operates 23 distribution depots across the country. Corporate Affairs Director Alex Makamure told The… Read More
HARARE, July 20 (The Source) – Beverage giant Delta Corporation on Thursday reported a two percent increase in revenue for the first quarter to June 30 relative to the comparable period last year driven by volume growth in most segments.
HARARE, July 7 (The Source) – Plastics manufacturer Proplastics says it has received board approval to construct a new $5 million factory with work expected to commence in the third quarter upon getting regulatory approvals.
BULAWAYO, July 6 (The Source) – General Beltings Limited, Zimbabwe’s sole manufacturer of conveyor belts says capacity utilisation has risen to 40 percent but business remains constrained due to an influx of imports despite a government ban on imports.
MUTARE, July 5 (The Source) – Mutare Bottling Company (MBC) has suspended a distribution agreement with Schweppes Zimbabwe saying the deal was not favourable.
MUTARE, July 4 (The Source) – Mutare Bottling Company (MBC) says its revenue declined by 20 percent while sales volumes slumped by 17 percent in the period between 2014 and 2016, as cheap imports from Mozambique flooded the eastern region, its catchment area. MBC, which… Read More
HARARE, June 30 (The Source) – Starafrica Corporation posted a 75 growth in revenue to $32,6 million for the year ended March 31, driven by improved production at its Goldstar Sugars Harare (GSSH) and profitability at Country Choice Foods (CFC).The company recorded positive earnings before… Read More
HARARE, June 28 (The Source) – General Beltings Holdings says a 38 percent reduction in prices resulted in the company remaining in a loss position in the first six months of the year, but it anticipates a second half recovery supported by new partnerships.