Blue Ribbon Industries requires as much as $40 million to bring the grain milling and processing company back to viability, judicial manager Reggie Saruchera has said. 

Saruchera said in an interview yesterday $30 million to $40 million is required to revive the heavily indebted company. 

As such he has already approached and obtained leave from the High Court to hold a scheme meeting of members. 

The meeting will discuss a whole spectrum of issues which are pre-requisites for the turnaround of the company including the huge financial outlay to revamp operations.

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