05 Dec ZAMEFA to Construct $2M Production Plant
METAL Fabricators of Zambia (ZAMEFA) Plc has embarked on an ambitious expansion programme which will see the country’s leading wire and cable manufacturing and exporting firm construct a US$2 million worth production plant in Luanshya.
Managing director Roseta Chabala said the firm is pursuing a transformation programme after the change of ownership from its previous owners United States (US)-based General Cable to South African new owners, multi-national giant Circuit Breaker Industries (CBI) Electric.
She was speaking during a consultative meeting with ZAMEFA management at the company’s head office in Luanshya last week.
Mrs Chabala said despite the change of ownership, the new owners of ZAMEFA have not expressed any intentions to change the company’s management and workforce.
“As part of the expansion programme, new wire and cable manufacturing plant is set to be constructed which will see production capacity double. Though business is competitive, we have potential to do better than other players in the business because there is increasing demand for 100 percent copper wires and cables,” she said.
Mrs Chabala disclosed that the firm has started the process of going into production of medium and high voltage wire and cables.
And Luanshya mayor Nathan Chanda commended ZAMEFA management for securing hundreds of jobs after the company changed ownership.
Mr Chanda said the Luanshya Municipal Council treasures and appreciates ZAMEFA as a company which residents of Luanshya have a sentimental attachment with.
Source: Zambia Daily Mail