[Zambia] Kapiri Glass Products To Re-Open In 2009

Kapiri Glass Products (KGP) will be in operation in 2009, Commerce, Trade and Industry deputy minister Dora Siliya said in the Zambian Parliament on 22 Feb. Ms Siliya was replying to a question from Roan MP Chishimba Kambwili (PF) who wanted to know why the new owner of the company, Chimsoro Milling, was not opening the company. She said that after a German company that had bought the Zambian firm failed to open it, the company was sold to Chimsoro Milling which commissioned a feasibility study to determine the viability of the firm. She said USD 13M was required to restart the company & that the owner of the company had identified technical partners while Zambian companies had shown willingness to assist with funds."There are no plans to revoke the sale because Chimsoro Milling has assured Government that by next year it will open the glass manufacturing company", she said. Commerce, Trade and Industry minister Felix Mutati said Chimsoro Milling, a Zambian company, should be given credit for its efforts to re-open the company after the German investors failed.

Author
Un-named
Origin
Unknown
Journal Title
Glassonline 28 Feb/08
Sector
Container glass
Class
C 3602

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[Zambia] Kapiri Glass Products To Re-Open In 2009
Glassonline 28 Feb/08
C 3602
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