BUSINESS NEWS

Creditor turns down Zimglass takeover bid

ONE of the major creditors to Gweru-based glassmaker, Zimbabwe Glass Industries (Zimglass), has turned down a proposed offer to take over the company.Zimglass, a subsidiary of Industrial Development C...

By Staff reporter | Published: 15 October 2017
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INDUSTRIALS & ENERGY

IDC seeks investor for Zimglass revival

INDUSTRIAL Development Corporation's glass manufacturing firm, Zimglass has started aggressively looking for an investor who can inject $7 million towards the revival of the plant after earlier indica...

By Staff reporter | Published: 18 September 2017
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INDUSTRIALS & ENERGY

Govt deliberating ways to resuscitate Zimglass

The Ministry of Industry and Commerce board is still discussing strategies to revive Zimbabwe's sole flint glass manufacturing company, Zimbabwe Glass Industries Limited (Zimglass).Industry and Commer...

By Staff reporter | Published: 29 April 2014
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INDUSTRIALS & ENERGY

Zimglass seeks funds to resume operations

Zimbabwe Glass Industries has applied for an undisclosed amount of money under the Distressed and Marginalised Areas Fund to raise fresh capital in a bid to resume operations, managing director Mr Gil...

By Business Reporter | Published: 17 December 2013
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INDUSTRIALS & ENERGY

Zimglass employees hold management hostage

Management at the Gweru glass manufacturing company, Zimglass, was held hostage for the greater part of Monday as employees protested over unpaid salaries.The company reportedly owes workers three mon...

By Staff reporter | Published: 11 December 2013
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INDUSTRIALS & ENERGY

Multicurrency system affecting Zimglass performance

ZIMBABWE Glass Company, the country's sole flint glass producer, says it is facing severe competition from foreign-based companies that take advantage of purchasing power parity in their countries."Co...

By Staff reporter | Published: 09 December 2013
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INDUSTRIALS & ENERGY

Zimglass runs out of raw materials

ZIMBABWE Glass Company, the country's sole flint glass producer has temporarily suspended production due to inadequate raw materials, Zimglass acting chief executive, Mr Gilbert Tapfuma has said.Speak...

By Staff reporter | Published: 18 November 2013
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INDUSTRIALS & ENERGY

Zimglass resumes production

The country's sole glass manufacturing firm, Zimbabwe Glass Industries (Zimglass), has resumed production of flint glass soft drinks bottles which will be supplied to leading beverage manufacturer Del...

By Staff reporter | Published: 10 October 2013
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