Natfoods ploughs $36m into capex

Natfoods ploughs $36m into capex
Published: 19 January 2018
Zimbabwe Stock Exchange-listed grain and cereals milling giant, National Foods Limited, says it has invested a cumulative $36 million towards process improvements to enhance operational efficiencies since 2010.

Natfoods has been on a continuous exercise to enhance its production processes, mainly by replacing old equipment with modern machinery and equipment, as well as automating a number of processes with a view to achieve efficiencies.

Its oldest piece of equipment was 90 years old a few years ago and Zimbabwe's biggest food processor was spending a considerable amount every year since dollarization on the equipment.

In 2013, Natfoods said its equipment replacement programme was on track and was investing millions on the flour mills. Natfoods intended to fund the recapitalization from internal resources.
- The Herald
Tags: Capex,


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