Meprin reap­ing ben­e­fits of S.I 64

Chronicle (Zimbabwe) - - Business - Bianca Mlilo Busi­ness Re­porter

BU­L­AWAYO firm Meprin Founders and En­gi­neers is en­joy­ing in­creased sales since the im­ple­men­ta­tion of Statu­tory In­stru­ment 64 of 2016, which has ex­panded the mar­ket for do­mes­tic prod­ucts.

The com­pany be­gan op­er­a­tions in 2000 at Bu­l­awayo’s Kelvin North in­dus­trial area and man­u­fac­tures four lines of prod­ucts that in­clude min­ing equip­ment — coco pan wheels, can­non boxes, tip­ping wheels, raw water and sewer equip­ment such as man­hole cov­ers, clean water equip­ment like sad­dles, bush pumps, short col­lar joints as well as do­mes­tic prod­ucts that in­clude three legged pots and bak­ing pots.

A ma­jor­ity of the prod­ucts are made from scrap metal.

Founder of the com­pany Mr Prince Gobvu said the com­pany has recorded an in­crease in sales since the in­tro­duc­tion of S.I 64 in June this year.

The new trade reg­u­la­tion re­moves about 42 prod­ucts from the open gen­eral im­port li­cence, re­strict­ing their im­por­ta­tion into Zim­babwe, af­ter it was felt that lo­cal in­dus­try had ca­pac­ity to pro­duce them.

“S.I 64 has been an ad­van­tage to us be­cause the lo­cal mar­ket is no longer im­port­ing but buy­ing lo­cally. We are now en­joy­ing both the lo­cal and ex­port mar­ket and we be­lieve this will yield good fruits in the long run,” said Mr Gobvu.

“As the man­u­fac­tur­ing in­dus­try we wel­come this in­stru­ment very much. We have had more busi­ness com­ing from across the coun­try, Mutare, Rusape, Vic­to­ria Falls and other parts of the coun­try.”

He said the com­pany was ex­port­ing to Polok­wane in South Africa as well as Zam­bia where they were gain­ing mar­ket foot­ing be­cause of “com­pet­i­tive pricing”.

Mr Gobvu said this was a re­sult of the low duty they paid on ex­port­ing and some­times did not pay duty at all, mak­ing their prod­ucts cheaper.

He said their high de­mand ex­port prod­ucts in­clude man­holes, coco pan wheels and ham­mer mills (a tech­nol­ogy used in the pro­cess­ing of gold ore).

Ac­cord­ing to Mr Gobvu the young com­pany pro­cures all its raw ma­te­ri­als from lo­cally sourced scrap metal.

He said the com­pany has de­vised a tech­nol­ogy of re­cy­cling scrap metal by re-melt­ing it and pro­cess­ing it be­fore be­ing used to man­u­fac­ture new prod­ucts.

Zim­babwe is in dire need of in­creased in­dus­trial pro­duc­tion, which ex­perts say is the panacea to im­prov­ing the econ­omy and cre­at­ing more job op­por­tu­ni­ties — @Bian­caMlilo.

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.