Multicurrency system affecting Zimglass performance

ZIMBABWE Glass Company, the country's sole flint glass producer, says it is facing severe competition from foreign-based companies that take advantage of purchasing power parity in their countries.  "Competitors elsewhere pay running expenses in their local currencies and export in hard currencies which is an advantage to them as they can access the local currency easily.

While on the other hand for Zimbabwe, we use the US dollar throughout and this makes it difficult to compete" said Zimglass acting chief executive officer, Gilbert Tapfuma.

See more at:

600450 Multicurrency system affecting Zimglass performance

See more news about:

Others also read

Tecglass is one of the leading companies that design and develop a range of innovative Digital Printers for the glass industry.
Dr Henry Snaith of the University of Oxford has been named as one of the ten people who have made the most difference in science during 2013 in recognition of his work on next generation solar power technology.
The Education Center Erasmus MC Rotterdam has won the Rotterdam Architecture Award. From a shortlist of 25 entries, the jury has chosen the design of Claus & Kaan Architecten.
We would like to express our sincere thanks to GlassOnWeb visitors, friends, members and supporters.Thank you all so much for being a part of it!Warmest thoughts and the best wishes for Merry Christmas and a New Year filled with peace, love, joy and lasting happiness.
Coverings ETC’s Bio-Glass in “Topaz Blue” designed by Ofer Mizrahi was bestowed the Interior Innovation Award-Winner 2013, the prestigious international design award of the German Design Council.
2013 Deep Research Report on China LOW-E Glass Industry was professional and depth research report on China Low-E Glass (LOW-Emissivity Glass) industry.

Add new comment