UNIFLEX TO CONTRIBUTE TO NATIONAL DEVELOPMENTS
By Daily News Reporter
Uniflex Wires and Cables Limited is a Zambian
company involved in the manufacturing of electrical wires and cables. The
company recently opened its manufacturing plant in Lusaka.
Uniflex Wires and Cables Limited Managing Director,
Mukesh Rankwar, disclosed that the company has invested over $10,000,000 and
created more than 150 jobs to date.
Mr Mukesh Rankwar the Director appreciated the New
Dawn Government for creating a conducive environment for business.
He noted that their products are already being
exported to neighboring countries, demonstrating the company's growth and
regional market reach.
However, Mr. Rankwar highlighted a significant
challenge the company faces: sourcing copper cathode, their primary raw
material, from local mines. This issue poses a hurdle for their production
process and overall operations
Speaking during the opening of the plant Commerce,
Trade and Industry Minister, Chipoka Mulenga, the Minister emphasized the
importance of supporting local manufacturers like Uniflex as a means to boost
economic growth and strengthen the local currency.
He also said that the Zambian government, through
its ministerial leadership, has expressed commitment to addressing the
challenges faced by local manufacturers like Uniflex.
This includes improving supply chain efficiencies
and encouraging major consumers, such as ZESCO and the Rural Electrification
Authority, to purchase from local manufacturers.
The operations and investments by Uniflex are in
line with Zambia's broader economic recovery agenda, which aims to promote
local production, enhance value addition, and reduce dependency on imports.
No comments:
Post a Comment