AMALGAMATED Regional Trading (ART) Holdings is scaling back its paper segment by shutting down the antiquated tissue-making plant in Kadoma after it ceased to be profitable.
The tissue machine, PM1 has operated for over 40 years and fullscale production is expected to end last month with the newly acquired machine PM2 in need of considerable time before it is commercially viable.
The ZSE-listed diversified firm has products under the brand names Exide, Eversharp, Softex and Chloride and also has substantial interests in timber plantations and offers forestry resources management services.