INDUSTRIALS & ENERGY

Astra Industries faces intense competition

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
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INDUSTRIALS & ENERGY

RBZ disposes Astra stake to Kansai Plascon

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
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INDUSTRIALS & ENERGY

New board for Astra Industries

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
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