Audrey Galawu
ASSISTANT EDITOR
Turnall Holdings Limited is implementing a recovery plan, which involves the introduction of a new modern production in line in Harare for roofing sheets and flat products aimed reducing costs and increasing output.
The Group has also invested for extensive modifications to the Bulawayo sheeting plant and a major investment in new spares and templates.
Turnall is also working towards improving production capacity of both the Tile plant and Bulawayo sheeting machine.
Managing director, John Mukushi said the plant will be recapitalised with new additional templates which will boost output from the current 25 000 per units per day to 40 000 units by the end of the 2024 financial year.
“The Bulawayo sheeting machine is being converted to non-AC.
“Once the conversion is complete, the Bulawayo machine will focus on producing non-AC products and the new Harare machine will focus on AC production.
“The civil works for the installation of the new Harare sheeting machine are in progress. The machine has a capacity of 210 tons per day and is double the current output coming from Bulawayo.
“A significant portion of the company’s AC sales volumes comes from Harare and so the installation of Harare plant is going to cut product transport costs from Bulawayo to Harare, which is going to lower costs and selling price,” he said.
“The group is also committed to returning to the regional export market and a significant investment in new equipment to convert the Bulawayo sheeting plant to Non-AC production for the export market will come on stream in Q2 2025, following the commissioning of the new sheeting plant in Harare in Q1 2025.
“Maintaining high standards of product quality remains a key priority and this will be underpinned when spares and equipment with a value of over US$2 million start to arrive in Bulawayo in Q2 2024,” said Turnall Chairman, Grenville Hampshire.
The company raised ZWL$60.8 billion through the rights issue which went towards purchase of new AC machine to boost volumes and improve efficiencies.
Cash balances at the end of the financial year were ZWL$1.81 billion down from ZWL$1.97 billion from previous year.
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