Zimasco winds down ferrochrome plant

Zimbabwe-based Zimasco has wound down its Kwekwe ferrochrome plant, due to geopolitical events and a slowing economy in a major consumer country.

Zimasco winds down ferrochrome plant Zimasco winds down ferrochrome plant Zimasco winds down ferrochrome plant Zimasco winds down ferrochrome plant Zimasco winds down ferrochrome plant

Zimasco had earlier announced an expansion and refurbishment project.

The Russian invasion of Ukraine, paired with slowing growth in China, has placed ferrochrome production in an "untenable situation," Newzwire quoted company spokesperson Clara Sadomba as saying.