Zimbabwe Iron and Steel Company (ZISCO) is the largest steel works in Zimbabwe. It is located just outside Kwekwe, in Redcliff. Over the years the company has faced many operational problems and has been dogged with countless corruption scandals. As of early 2008, the company was producing less than 12,500 tonnes, way below the break-even capacity of 25,000 tonnes. It was wholly owned by the government of Zimbabwe up until it invited bidders for a 64% stake of the ZISCO group of companies. 54% of the company is now in the hands of Essar Africa Holdings Ltd. The government of Zimbabwe holds 36% and a consortium of private investors holds 10%. The ZISCO group of companies include; BIMCO, Lancashire Steel, Frontier Steel, ZISCO Distribution Centre. All these companies are 100% owned by ZISCO. IT get raw materials from ripple creek mine which is about 14 kilometers from ZISCO. Lime stone is found on an open cast mine which is a few meters from ZISCO
Famous quotes containing the words iron, steel and/or company:
“Let us roll all our strength, and all
Our sweetness, up into one ball:
And tear our pleasures with rough strife,
Thorough the iron gates of life.
Thus, though we cannot make our sun
Stand still, yet we will make him run.”
—Andrew Marvell (1621–1678)
“The finest workers in stone are not copper or steel tools, but the gentle touches of air and water working at their leisure with a liberal allowance of time.”
—Henry David Thoreau (1817–1862)
“The Bermudas are said to have been discovered by a Spanish ship of that name which was wrecked on them.... Yet at the very first planting of them with some sixty persons, in 1612, the first governor, the same year, “built and laid the foundation of eight or nine forts.” To be ready, one would say, to entertain the first ship’s company that should be next shipwrecked on to them.”
—Henry David Thoreau (1817–1862)