Zimbabwe Iron and Steel Company
Encyclopedia
Zimbabwe Iron and Steel Company (ZISCO) is the largest steel works in Zimbabwe
. It is located just outside Kwekwe
, in Redcliff
. Over the years the company has faced many operational problems and has been dogged with countless corruption scandals. As of early 2008, the company was producing less than 12,500 tonnes, way below the break-even capacity of 25,000 tonnes. It was wholly owned by the government of Zimbabwe up until it invited bidders for a 64% stake of the ZISCO group of companies. 54% of the company is now in the hands of Essar Africa Holdings Ltd. The government of Zimbabwe holds 36% and a consortium of private investors holds 10%.
The ZISCO group of companies include; BIMCO, Lancashire Steel, Frontier Steel, ZISCO Distribution Centre. All these companies are 100% owned by ZISCO.
Zimbabwe
Zimbabwe is a landlocked country located in the southern part of the African continent, between the Zambezi and Limpopo rivers. It is bordered by South Africa to the south, Botswana to the southwest, Zambia and a tip of Namibia to the northwest and Mozambique to the east. Zimbabwe has three...
. It is located just outside Kwekwe
Kwekwe
Kwekwe or Kwe Kwe , formerly spelt Que Que, is a city in central Zimbabwe. It is located in the centre of the country —roughly equidistant from Harare to the northeast and Bulawayo to the southwest. Its population stood at 47,607 in 1982, 75,425 in 1992 and the preliminary result of the 2002...
, in Redcliff
Redcliff, Zimbabwe
Redcliff is a town situated in the Midlands Province, Zimbabwe, with a population of approximately 35,000 . The town is about 220 km south west of the capital, Harare....
. Over the years the company has faced many operational problems and has been dogged with countless corruption scandals. As of early 2008, the company was producing less than 12,500 tonnes, way below the break-even capacity of 25,000 tonnes. It was wholly owned by the government of Zimbabwe up until it invited bidders for a 64% stake of the ZISCO group of companies. 54% of the company is now in the hands of Essar Africa Holdings Ltd. The government of Zimbabwe holds 36% and a consortium of private investors holds 10%.
The ZISCO group of companies include; BIMCO, Lancashire Steel, Frontier Steel, ZISCO Distribution Centre. All these companies are 100% owned by ZISCO.