[Ferro-Alloys.com] 

Zimasco Shunfa New Materials Expand Kwekwe Operations

Zimasco Shunfa New Materials, a prominent ferrochrome producer based in Kwekwe, is expanding its operations with a significant hiring initiative. The company recently posted job vacancies for approximately 60 engineers, signaling its rapid growth and development. Currently employing around 500 workers, this expansion will bolster the workforce and is expected to further strengthen the company’s position in Zimbabwe’s mining sector. Established in 2021 with an initial investment of US$120 million, Zimasco Shunfa specializes in chrome mining, beneficiation, smelting, transportation, and both import and export activities. The company’s expansion is primarily focused on increasing the production of high-carbon ferrochrome, a key input in the production of stainless steel.

Zimasco Shunfa’s growth is expected to have a positive ripple effect on the local economy, stimulating economic activity in Kwekwe and surrounding areas. The increased production capacity will drive higher export earnings, benefiting Zimbabwe’s foreign exchange reserves and contributing to the country’s balance of payments. Furthermore, the company’s focus on high-carbon ferrochrome production will meet the growing demand from stainless steel manufacturers, positioning Zimbabwe as a key player in the global value chain. The growth of Zimasco Shunfa New Materials aligns with the Zimbabwean government’s vision to revive the mining sector and drive economic development. The company’s commitment to investing in the country’s mining industry underscores the government’s efforts to create a conducive business environment. As Zimbabwe strives to achieve upper-middle-income status by 2030, investments like Zimasco Shunfa New Materials will play a pivotal role in driving economic transformation, improving living standards, and fostering sustainable growth.

• [Editor:邢亚敏]