INDUSTRIALS & ENERGY

Smuggled blankets suffocate Waverly

ZIMBABWE's remaining blanket manufacturer, Waverly Blankets, faces collapse as its operations are being suffocated by an influx of smuggled blankets allegedly from China. It is understood that once th...

By Staff reporter | Published: 09 July 2018
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INDUSTRIALS & ENERGY

'National Blankets will not go down under'

THE Government will not allow National Blankets to go under liquidation and measures are underway to resuscitate the company, Industry and Commerce Deputy Minister Chiratidzo Mabuwa has said.The Bula...

By Staff reporter | Published: 07 August 2017
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INDUSTRIALS & ENERGY

National Blankets needs $3,5m

TEXTILE giant National Blankets Limited requires $3,5 million working capital to bring back production to competitive levels, an official has said. The firm, which was placed under judicial management...

By Oliver Kazunga | Published: 21 July 2014
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INDUSTRIALS & ENERGY

National Blankets on the rebound

THE country's largest blanket manufacturing company, National Blankets' judicial manager Philip Ndlovu, says the Bulawayo company is now debt-free and is working on addressing working capital challeng...

By Staff reporter | Published: 10 April 2014
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INDUSTRIALS & ENERGY

National Blankets on recovery path

National Blankets Limited is slowly emerging out of the woods as it has managed to acquire adequate raw materials to underpin its three-month turnaround programme. The blanket maker was placed under j...

By Staff reporter | Published: 31 March 2014
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INDUSTRIALS & ENERGY

National blankets clears $2m debt

NATIONAL Blankets Limited has cleared about $2 million it owed to Capital Bank, the textile company's judicial manager, Phillip Ndlovu, has said.In a report presented during a creditors and members ...

By Business Reporter | Published: 17 December 2013
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INDUSTRIALS & ENERGY

National Blankets liquidation draws to a close

BULAWAYO-based textile firm National Blankets (Pvt) Ltd creditors will next month submit their financial claims as the troubled firm's liquidation draws to a close.According to officials from the PMA ...

By Staff reporter | Published: 25 November 2013
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