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Mukudzei Chingwere Herald Reporter
Zimbabwe’s tile manufacturing company has committed a 50 percent hike in local investments that will see the business employing more people and boosting its foothold in the region.
The initial investment in the – Sunny Yi Feng (Pvt) Limited – project was $40 million, and last week the firm announced the additional capital injection was used to procure more equipment to boost its capacity.
Currently, the company employs nearly 2 000 people in the manufacture of floor tiles, roofing tiles, bricks, cement pipes, cups, plates, wooden pallets and cardboard boxes.
President Mnangagwa’s administration has identified the manufacturing sector as a key enabler in attaining an upper-middle-income.
Online Reporter