Zimasco resumes production, to commission two new furnaces
Kwekwe based ferrochrome producer Zimasco has resumed production after a two-month closure following disagreements with power utility ZESA over changes in electricity tariffs.
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Kwekwe based ferrochrome producer Zimasco has resumed production after a two-month closure following disagreements with power utility ZESA over changes in electricity tariffs.
Zimasco, alongside Afrochine, another Chinese firm, are Zimbabwe’s major ferrochrome producers, which is used in stainless production.
Close to 40 former Zimasco (Pvt) Ltd employees in Mutorashanga face eviction from company premises after their ex-employer reneged on a pledge to sell the houses to them.
The future of Kwekwe is uncertain after a major employer in the Midlands city said it is retrenching half of its workforce due to financial problems.