A REGIONAL regulatory body has blocked Dutch paint and coatings firm, AkzoNobel N, from acquiring a stake in the Mauritian and South African subsidiaries of Japanese chemical firm, Kansai Paint Co Ltd...
By Staff reporter | Published: 12 September 2023
THE country's sole accredited hydraform brick moulder, Bulawayo-based Astra Building Centre is targeting to play a big part in fulfilling Zanu-PF's aspirations of constructing 1,5 million houses in th...
By Staff reporter | Published: 13 May 2018
Astra's four months to April 2014 volumes declined 5% compared to last year, Managing Director Mac Mazimbe told an AGM this afternoon, adding that their performance mirrors the economy. "Sales re...
By Staff reporter | Published: 14 May 2014
Astra will focus on cost containment strategies in the year to December 2014 and expects the integration with Kansai Plascon's supply chain will save at least 10% of production costs, finance director...
By Staff reporter | Published: 28 March 2014
Astra Industries, the country's leading paint manufacturer recorded a marginal 11 percent increase in profit for the year ended December 31, 2013 due to the company's cost containment strategies.Profi...
By Business Reporter | Published: 28 March 2014
Astra Industries is now focusing on expanding both its local and regional operations after regulatory authorities approved a deal to have local and foreign investors take over the Reserve Bank of Zimb...
By Business Reporter | Published: 03 February 2014
MAJORITY shareholders in Zimbabwe Stock Exchange-listed paint and chemical products manufacturer, Astra Industries Limited, said last week they were planning a mandatory offer to minorities in a trans...
By Staff reporter | Published: 05 December 2013
Astra Industries reported a flat set of results showing a 3% growth in revenue to $28.1m. Sales volumes grew 7% and gross margins reduced from 35% to 33% mainly due to increased competition and risin...
By Staff reporter | Published: 22 November 2013
Reserve Bank of Zimbabwe has disposed 49 percent of its 63 percent stake in the Astra industries to a Japanese paint manufacturing giant Kansai Plascon in a deal worth $5,5million.The disposal is part...
By Staff reporter | Published: 26 September 2013
Astra to rebrand after acquisitionAstra Industries is expected to rebrand after its recent acquisition by a Tokyo-listed firm, Kansai Plascon Africa, which is expected to be unveiled to the market in...
By Staff reporter | Published: 12 September 2013
ASTR | Notice to ShareholdersAstra Industries Limited and Hemistar Investments (Private) Limited (“Hemistar”) wish to advise Astra Industries Limited Shareholders that Finance Trust of Zimbabwe (P...
By Astra | Published: 30 July 2013
Astra Industries is awaiting approval from the Competition and Tariff Commission following the acquisition of a controlling stake in the company previously owned by the Reserve Bank. Astra yesterday a...
By Business reporter | Published: 30 July 2013
COMMERCIAL lawyer Mr Addington Chinake has been appointed chairman of Astra Industries following the acquisition of the company's 63 percent by a local firm, Hemistar Investments.Former chairman Dr Ch...
By Business Reporter | Published: 30 July 2013
African paint manufacturer, Kansai Paint, has partnered with the management and staff of Zimbabwean group Astra Industries to buy a 63.25 percent interest in the company from the Finance Trust of Zim...
By Business reporter | Published: 29 July 2013
Board changes are looming at Astra Industries Ltd after the company was taken over by a management consortium and a foreign company, Kansai Plascon, businessdigest revealed.Sources close to the deal s...
By Staff reporter | Published: 26 July 2013
A special of 88.53 million Astra shares at 6.213c, a premium of 38.07% from the last trading price of 4.5c, pushed through by brokers Bethel Equities saw the total market turnover jumping to $7,816 mi...
By Business reporter | Published: 18 July 2013
Astra is planning to introduce new products in the next 6 to 8 weeks in an effort to regain the company's lost market share, MD Mac Mazimbe told the AGM this afternoon. "We are planning on spen...
By Business reporter | Published: 10 June 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
