Chimanya axes Harare jobs in Twine and Cordage revamp

Twine and Cordage Group has launched a five-year turnaround strategy to increase production and strengthen its position across Africa. Chief executive Terrence Chimanya told journalists the initiative aims to expand manufacturing capacity, and the company recently invested $1 million in plant upgrades. The program addresses power shortages through regional partnerships, and management restructuring has helped the firm reach output levels not seen in four years.

The Harare-based manufacturer processes cotton lint and synthetic fibers into agricultural and industrial products for markets spanning from Malawi to Canada. Sixty percent of sales occur domestically, while 40 percent reach regional buyers. The company plans to expand its retail network from seven to 20 branches in key farming areas. Established in 1948, the group operates through five divisions and supplies specialized fishing nets to Mozambique, and it is developing bar-coded nets for anti-poaching efforts.
 

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