CAPRI commissions $12m plant

CAPRI commissions $12m plant
Published: 22 June 2015
A local refrigeration manufacturer, CAPRI has commissioned a $12 million plant that is expected to help boost capacity utilisation to 100 percent with immediate effect.

The company's product availability on the local and regional market is also expected to increase, following the development.

CAPRI's $12 million investment has seen the installation of state of the art machinery which will increase production output from the current 5000 units to 18 000 units per month.

The company's capacity utilisation will go up from about 28 percent to 100 percent.

With this capacity, the refrigeration manufacturing company is also expected widen its market share in the region.

CAPRI Managing Director, Mr Gary Watson said the investment shows the confidence that the firm has in the local market, adding that more focus will be channelled towards increasing exports and maintaining high quality standards to be competitive on the regional market.

"We need to open export markets as we reach full capacity and ensure that the product maintains high quality standards to be competitive on the regional market. Exports are affecting the local manufacturing industry, so it is incumbent upon us to produce products that are high competitive," he said.  

The investment comes after the launch of the Tripartite Free Trade Area (TFTA) by COMESA, SADC and the EAC, which opens markets across the continent.

The Minister of Industry and Commerce, Mike Bimha noted that the local firm can compete on such a scale.

"The investment comes at an opportune time when government has introduced a number of measures to nurture and develop our industries to enable it to withstand unfair competition regionally and globally," the Minister said.

20 percent of the refrigerators will be sold on the domestic market while 80 percent are earmarked for the export market.
- zbc
Tags: Capri, Innscor,


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