Home | World | Africa | Olivine Industries shuts down
Chamisa's youths plan series of demos
Mnangagwa congratulates Tshisekedi

Olivine Industries shuts down





Olivine Industries has announced that it will not be opening its manufacturing plant and its employees are on indefinite leave due to lack of raw materials.

Olivine Industries is the producer of Buttercup margarine, Jade, Perfection and Olivine cooking oil among other brands.

"The Board of directors and management of Olivine Industries regret to advise its customers that all manufacturing operations have stopped." The company said in a statement.

"The company has struggled to restart its manufacturing operation in January 2019 for lack of imported raw materials. As such it remains closed after the shutdown in December 2018 and employees have been sent on indefinite leave.

"Our efforts to engage  government especially our shareholders the Ministry of Finance and Economic Development have not had any resolution and we regret closing of our operations till further notice."

Find the full Statement below:

CLICK HERE TO READ MORE FROM: Africa Visit website



Loading...

view more articles

About Article Author

Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

View More Articles

100 Most Popular News

1 2 Displaying 1 - 100 of 166