Business

Trade Kings sets up plant in Zimbabwe

YANDE SYAMPEYO, Bulawayo
TRADE Kings Limited has set up a US$50 million manufacturing plant in Zimbabwe, which will also service other countries in the sub-region.
The plant, which is scheduled to be commissioned in October, this year, will initially create employment for about 200 locals.
Trade Kings Limited director of corporate affairs Bright Chunga said this in an interview here during the just ended 56th Zimbabwe International Trade Fair.
Trade Kings Limited is one of the two Zambian companies that participated at the Trade Fair.
“We hope that apart from servicing Zimbabwe, we will also service other countries in the sub-region such as Botswana, Lesotho, Mozambique and all these countries that are below us,” he said.
Dr Chunga, who is also president of the Zambia Association of Manufacturers (ZAM) said the company resolved to set up a plant in Zimbabwe to reduce cost of importing raw material and exporting finished products.
“We decided to set up here because Harare, for instance, is nearer to the sea, so we cut off about 600 km in terms of imports for the raw materials. So it is cheaper and we can compete favorably against our competitors in the sub-region,” Dr Chunga said.
And Trade Kings manager for operations, Godfrey Maposa said the plant, will initially produce the detergent Boom paste and powder.
“We are starting with Boom paste and powder and then, we will move to other products such as biscuits, cereals and other detergents,” Mr Maposa said.

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