Zimbabwe: Almin On Brink of Collapse

20 January 2014

INDUSTRIAL Development Corporation subsidiary Almin Metal Industries has fallen on hard times after volumes dropped drastically, pushing Zimbabwe's sole extruder of aluminium-based products on the brink of collapse. The company has made an impassioned plea for local procurement of aluminium based products in what management say could help preserve jobs, the scarce capital while guaranteeing high quality products.

Almin Metal Industries general manager Mr Brian Mutandiro said the company was in dire straits after sales volumes fell to unsustainable levels as consumers mostly preferred the lower priced imported products.

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