1. ART CORPORATION
ART is the top gainer in the year thus far with 200 percent increase year-to-date. ART is the holding company of battery manufacturer Chloride, ballpoint pen maker Eversharp and Softex which manufactures tissue products.
As the group focused on manufacturing ART has seen capacity utilization increase following a government ban on imports. The company reported that its Chloride battery making plant is now working at full capacity. It has even gone on to install a new plant at a cost of $3 million which will increase production capacity by another 50 percent.
Before the investment, the factory was producing 240 000 batteries per annum but the new plant will push production to 360 000 batteries per annum.
The current market size for batteries is estimated at 300 000 and Chloride plans to export the excess to regional markets such as Zambia, Malawi and Mozambique.
Continued next page
(235 VIEWS)
This post was last modified on %s = human-readable time difference 8:08 pm
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…