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Shepco BMA Fasteners Eyes 40% Capacity

Shepco BMA Fasteners Eyes 40% Capacity
September 06
00:06 2017

Shepco BMA Fasteners seeks to increase capacity utilization by 19.3% by December as it continues consolidating its market share, NewsDay Zimbabwe reports.

Shepco BMA Fasteners sales and marketing manager Norman Magada said the firm wants to push its capacity utilization to 40% by December.

“The installed capacity for the plant is conversion of 500 tons a month. Currently, we are sitting on 20,7% of that and we are hoping to grow that to almost between 30 and 40% come December 31,” Magada said.

“Strategies have been put in place to do that and we welcome initiatives being made by government in terms of import management schemes in their various forms. This, I believe, can give us a great chance in realising our dreams of serving the nation a lot of foreign currency that is being spent in importing these fasteners.”

BMA Fasteners was acquired by the Shepco Group of Companies in November 2015 from Steelnet and subsequently spent the rest of 2016 refurbishing and retooling the workshop in preparing for production, according to NewsDay Zimbabwe.

It resumed production in January this year with seven workers and subsequently grew the number to 40.

Shepco Group operates another division — Shepco Industrial Supplies which manufactures mining equipment such as underground loaders and locomotives, among others. 

BMA Fasteners was originally known as Bolts Manufacturers Africa Limited was founded in the 1930’s in Livingstone, Zambia, and relocated to Bulawayo, Zimbabwe in 1957. Web: shepcobma.co.zw

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