Zimbabwe: Astra Starts Manufacturing Plascon Products

DE-LISTED paint and chemical products manufacturer, Astra Industries, has started manufacturing some of Plascon products locally, the Financial Gazette's Companies & Markets has learnt.

This is a culmination of a takeover of the company by the Tokyo-listed paint manufacturing giant, Kansai Plascon, which partnered with Hemistar, an investment vehicle for Astra management and staff, in 2013 to acquire a 63,25 percent interest in Astra Industries from Finance Trust of Zimbabwe.

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