Online Reporter
Business Reporter
Proplastics Limited recorded a significant growth in export performance during the first five months of 2026, with export sales increasing by 139 percent.
The strong growth lifted exports’ contribution to group turnover to six percent from four percent in the same period last year, reflecting progress in the company’s regional market expansion strategy despite the challenges related to foreign currency surrender requirements.
Proplastics has however continued to grow its regional presence, with export orders expanding as the company competes against manufacturers from markets such as South Africa.
The latest performance suggests that the group’s products are gaining market acceptance despite the policy-related cost pressures affecting exporters.
“Export growth of 139 percent demonstrates that our regional market development strategy is gaining traction.
“Despite the challenges created by the foreign currency surrender framework, we are continuing to strengthen our competitiveness and expand the reach of our products beyond Zimbabwe,” Acting chairman, Mr Gregory Sebborn, said in the company’s trading update.
This comes as Proplastics has set a medium-term target of achieving a 10 percent export contribution to turnover, and the current growth trajectory indicates that the objective is becoming increasingly achievable.
The export momentum has been accompanied by a major shift in the company’s revenue composition, with United States dollar receipts now accounting for 97 percent of total group revenue, while ZiG-denominated income contributes the remaining three percent.
“The increase in US dollar revenue to 97 percent of total turnover has significantly improved the resilience of our business model.
“Combined with higher production and sales volumes, this positions Proplastics to pursue sustainable growth while investing in capacity, inventory and regional expansion,” he said.
The company has effectively repositioned itself closer to a regional export-oriented manufacturer rather than a business dependent primarily on domestic demand.
