Zimbabwe: Olivine Industries Eyes Return to Profitability

27 May 2016

Cooking oil manufacturer, Olivine Industries is eyeing a return to profitability this year on the back of a turnaround programme which will include the resuscitation of the Buttercup margarine plant. Turnaround of the company's fortunes will be under a three-phrased programme which will be implemented sequentially."The Buttercup margarine plant is currently being installed. Plant commissioning is expected in June 2016. This is the first of three phases to be implemented sequentially," said Mr Madara.

Olivine Industries is also putting up a new soap manufacturing plant with capacity to produce two tonnes per hour.

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