Wednesday, February 06, 2013

(NEWZIMBABWE) Unilever Zimbabwe set to resume exports

Unilever Zimbabwe set to resume exports
05/02/2013 00:00:00
by NewZiana

UNILEVER Zimbabwe will resume exports in the region by the end of the year after being forced to abandon exports in the 1990s due to an economic crisis.

Founded in 1943, the company is a subsidiary of British-Dutch multinational Unilever - the world's third largest consumer goods manufacturer by revenue. Its main products in Zimbabwe are soaps and foodstuffs.

Managing director Nancy Guzha said the company's local production had increased that allows resumption of exports in the region.

"We will resume exports to Zambia and Malawi and some other countries later this year. Some products we were importing during difficult times have been produced locally since 2009," she said.

"We are working on a three-year product development plan that will see Unilever going back to what we used to do in the 1990s."
The company is one of the country's largest manufacturing businesses and offers vast potential in export.

But a combination of a lack of affordable credit, inconsistent power supplies and other factors are holding Unilever and other companies back.
The manufacturing sector is currently operating at 45.5 percent capacity, down from 57 percent last year.

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