TURNALL Holdings (Turnall) says it is finalising the procurement of a fibre-cement sheeting plant and a Glass Reinforced Plastic (GRP) pipe plant this year in a bid to expand its product portfolio and return to profitability.
In a trading update for the first quarter that ended March 31, 2023, Turnall’s board chairman Grenville Hampshire said the new initiative was set to increase production capacity.
“The acquisition of a new Fibre-Cement sheeting plant is underway and it will be commissioned in Harare during the first quarter of 2024. This will result in significant increases in the manufacturing capacity and production efficiencies as well as improved cost savings which will impact positively operating profitability,” he said.