General Beltings to acquire new plant

General Beltings to acquire new plant
Published: 31 March 2014

General Beltings Limited plans to acquire a $3 million steel cord conveyor belt manufacturing plant as the company angles to increase its market share that is being threatened by the influx of cheap imports.

The company's general manager, Joseph Gunda, said the move was part of the organisation's strategy to spur growth.

He said though the company's main thrust was securing funds for the purchase of raw materials, machinery maintenance and to cover a salary backlog, new state-of-the art machinery was needed to compete favourably on the market.
- herald
Tags: Plant,


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