TURNALL Holdings expects the ongoing retooling exercise at its factories and cost-containment initiatives to spring the business back to profitability in the near term.
The Zimbabwe Stock Exchange-listed fibre cement roofing material maker has been struggling for competitiveness due to aging machinery.
The group has a new sheeting plant in Harare expected to increase production capacity, reduce manufacturing costs, and save on transportation costs. It is also banking on upgrades at the Bulawayo factory by mid-year, fueled by US$3,2 million in spending.