INDUSTRIALS & ENERGY

Olivine to invest $5m in margarine, soap plants

FAST moving consumer goods manufacturer Olivine Industries will invest $5 million in the final phase of the margarine processing technology and soap plant upgrade.This development is expected to impro...

By Staff reporter | Published: 08 December 2017
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INDUSTRIALS & ENERGY

Olivine, workers tussle over retrenchment

FAST moving consumer goods manufacturer, Olivine Industries, which recently laid off nearly a third of its employees, has temporarily rescinded the plan after workers opposed the move and now seeks to...

By Staff reporter | Published: 07 September 2017
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BUSINESS NEWS

IDC cedes Olivine stake to Treasury

THE Industrial Development Corporation (IDC) has relinquished its stake in troubled fast moving consumer goods manufacturer, Olivine Industries, to the Ministry of Finance and Economic Development.Th...

By Staff reporter | Published: 24 August 2017
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INDUSTRIALS & ENERGY

Olivine shuts down old plants

FAST-MOVING consumer goods manufacturer, Olivine Industries, has shut down its Willowvale and Birmingham production plants due to operational inefficiencies which have resulted in high production cost...

By Staff reporter | Published: 24 August 2017
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INDUSTRIALS & ENERGY

Olivine seeks $32 million funding

Olivine Industries Limited requires about $32 million to increase capacity and retool its plant. The fast foods consumer goods manufacturer's production capacity plunged by 82% from about 202 330 tonn...

By Staff reporter | Published: 05 March 2014
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INDUSTRIALS & ENERGY

Olivine, Surface Investments to merge

The industrial Development Corporation plans to merge two of its subsidiaries, Olivine industries and Surface Investments in order to attract investment for the revival of the companies.Addressing the...

By Staff reporter | Published: 28 January 2014
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INDUSTRIALS & ENERGY

Olivine struggles to attract investors

OLIVINE Industries is struggling to attract investors and its parent company, AICO Africa has been advised to sell its interest in the fast moving consumer goods firm even at a loss. AICO owns 51 perc...

By Staff reporter | Published: 29 November 2013
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INDUSTRIALS & ENERGY

Talks with potential Olivine investor collapse

Talks between the Industrial Development Corporation (IDC) and a potential investor that it was courting to recapitalise its fast moving consumer goods (FMCG) manufacturing subsidiary Olivine Industri...

By New Ziana | Published: 30 October 2013
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INDUSTRIALS & ENERGY

European investor for Olivine industries

AICO Africa Limited has secured a European investor who will invest $20 million into one of it's subsidiaries Olivine Industries, a source has revealed.A source said representatives of the new invest...

By Business reporter | Published: 03 July 2013
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