Proplastics invests $1.5million in new plant

Plastic products manufacturer Proplastics today commissioned a new $1.5 million PVC plant which will increase production by 60 percent.

The new plant will raise production by 360 tonnes monthly from 600 tonnes and will help the company increase exports, said chief executive Kuda Chigiya.

He said that currently Proplastics was exporting to Zambia and Mozambique while targeting the Democratic Republic of Congo (DRC).

The plant is among the $3 million worth of investments the company has made since Zimbabwe’s dollarisation in 2009.

“The new plant, inclusive of civil works has cost us $1.5 million,” said Chigiya.

“In terms of capital investment on equipment, we feel we have done enough. We are looking forward to building a new ergonomically designed factory which will cost $3.2 million including the cost of relocating and building the factory.”

Chigiya said the construction of the new factory will start during the first quarter of 2017 and it will be complete within a one and half years. A board meeting tomorrow is likely to approve the construction of the new factory.

The current factory was built in 1975.-The Source

(112 VIEWS)