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THE Industrial Development Corporation (IDC) has failed to recover $71 million from the Romanian government 14 years after the Zimbabwe partnered the European country in a glass-manufacturing deal that failed to materialise, an official has said.
Harare — THE Industrial Development Corporation will go it alone in refurbishing the flat glass plant in Kadoma after the deal with a Chinese investor to revive the country's second largest glass factory collapsed.
Harare — THE Jingniu Group, a Chinese company, will spend about US$400 million in the next five years in constructing a glass manufacturing factory in Kadoma, The Financial Gazette can reveal.
The construction of a US$ 120 million state of the art glass manufacturing plant in the city of Kadoma is being hampered by a critical shortage of water and the current power cuts.
Prospects of glass shortage in the country easing in the near future have been scuttled by power cuts, which have adversely affected operations at the country's sole glass manufacturer Zimglass, which is said to be losing $2 billion a day in…
The construction of a large-scale modern glass producing and processing center by Jingniu Group, one of the renowned Chinese glass producers, is in full swing in Kadoma, an industrial city in central Zimbabwe.