JOHANNESBURG - Zimbabwes biggest manufacturer of tyres and rubber products, Dunlop, says it expects business to grow this year as the economic and operating environment improves.Dunlop Zimbabwe is forecasting growth in volume and value sales, Dunlop chief executive officer Luis Ceneviz told the Zimbabwean on Sunday last week. Ceneviz, who declined to give specific figures on performance or projected earnings citing the need to protect his company from competitors, said: Dunlop intends to widen its distribution base as it produces and imports more tyres.
It is all part of the strategy to serve the consumer better. The company is examining ways of increasing production efficiencies so that more quality product is attained at a lower cost. Overall Dunlop is upbeat about the future. Ceneviz hailed the formation of the inclusive government by Zimbabwes main political parties as well as the deregulation of the countrys economy saying the developments had enhanced its operations.
The formation of an inclusive government involving the major political parties has seen political and economic stability returning to Zimbabwe. The most noticeable change has been the deregulation of the economy that has seen crippling price and forex controls being phased out, he said.
Dunlop, which requires US$50 000 daily to manufacturer tyres, was not spared the decade-long crisis in Zimbabwe. It temporarily shut down in after the Reserve Bank of Zimbabwe failed to pay the company its foreign currency allocations.
Post published in: Economy