By Amanda Mavhaza
Hope is not lost for the revival of government owned Zimbabwe Iron and Steel Company (ZISCO) as plans are afoot to resuscitation of the fallen giant using the latest technology and local content.
The once mighty Ziscosteel stopped operations in 2008 amid lack of capital and allegations of poor management.
Acting board Chairperson Engineer Martin Manhuhwa said they are working round the clock to revive Ziscosteel to its former glory.
“The long term thrust is to come up with a robust strategy for the steel industry in Zimbabwe and a partner that would revive Ziscosteel using the latest technology and local content,” he said.
At its peak, Ziscosteel, would produce up to one million tonnes of steel per year.
Ziscosteel is a sleeping giant whose empire includes ZimChem, Lancashire Steel, and Buchwa Iron Mining Company.
Eng Manhuhwa said helping Ziscosteel’s subsidiaries to full production will assist in the resuscitation of Ziscosteel.
“The board and management are working flat out on the thrust that we revive Ziscosteel’s subsidiaries, which are a low hanging fruit.
“We have Zisco coke ovens and ZimChem, which are lucrative subsidiaries and when revived can go a long way in helping revive Ziscosteel,” he said.
