Breaking News

Zimbabwe's main building supplies to merge

by Staff reporter
11 September 2011 | 428 Views
OPERATIONS of DST and PG Building Supplies are set to be merged under a single management structure, a process meant to increase competitiveness through branch rationalisation.




The current structure has had to be changed since it was being affected by different operational issues. The two companies are duplicating roles and lacking synergy.

PG Industries director Mr Raymond Chipangura last week confirmed the developments and indicated that the move is meant to strengthen the company's market share and contain costs.

According to the company official, there is going to be one branch in smaller cities where the two branches co-existed.

The project will start merging branches in Kadoma and Mutare. It will then move to branches in Bulawayo, Masvingo and Chinhoyi.

The merger is expected to manage structures for the company, in the process increasing efficiencies and reducing costs. Mr Chipangura said the move will create effective utilisation of stocks as it is easier to move supply between the branches for higher stock turns.

Over the last 12 months, the group has embarked on cost-cutting measures, which resulted in a number of units and branches closing.

Some of the management initiatives to ensure profitability of the merchandising division that the group has adopted include the closure of Msasa Timber Trader and Johnson & Fletcher in 2010 and closure of nine underperforming branches in different provinces.

Mr Chipangura said some of these measures would ensure the sustainable, profitable growth of PG Industry's remaining units. PG Building Supplies recently partnered with Olam Cotton, a subsidiary of Olam International Ltd, to retail building and related materials at some of the latter's cotton depots.

The purpose of the partnership is to provide convenience to cotton farmers to source their requirements in their backyard. Olam's depots are located in Nembudziya, Chitekete, Sanyati, Muzarabani, Chiredzi and Rutenga.

As a group, PG operates PG Building Suppliers, PG Glass, PG Timber, PG Properties, Zimtile, Manica Boards and Doors and Mitek Zimbabwe.

Meanwhile, PG Industries Zimbabwe group finance director Mr Adam Zvandasara indicated in an interview that business in their Mozambique division was booming compared to that of the local division which is currently operating at a loss due to a number of challenges.

The increase in demand for the company's products has been attributed to the opening up of coal and gold mines in the country, which has resulted in an upsurge in construction.

Building Suppliers Merge PG DST

Source: New Ziana

Comments

Latest News

Bosso finally beat Dembare after 10 years (in the league)

by Sports reporter | 28 May 2016 | 2307 Views

Is the word abanthu correct?

by Online | 28 May 2016 | 1263 Views

Govt to feed more pupils, says Dokora

by Thobekle Zhou | 28 May 2016 | 529 Views

Cain Mathema appeal for more China assistance

by Thobekile Zhou | 28 May 2016 | 700 Views

MDC-T mourns Mugabe globe-trotting yet did nothing to end his dictator...

by Nomusa Garikai | 28 May 2016 | 1233 Views

Devolution the only answer now - One Tafara Shumba  castigated ad...

by Mkhululi Zulu | 28 May 2016 | 929 Views

Zanu PF youth were celebrating their poverty with the rich Mugabe

by Stephen Jakes | 28 May 2016 | 1428 Views

MDC-T goes to Mutare - The Morgan Tsvangirai-led MDC will follow up th...

by Staff reporter | 28 May 2016 | 2026 Views

'I will be back,' woes Tsvangirai - Opposition leader Morgan Tsvangira...

by Staff reporter | 28 May 2016 | 1600 Views

Mujuru 'exposes' Zanu-PF poll plot - Former Vice President Joice Mujur...

by Staff reporter | 28 May 2016 | 2207 Views

Alois Bunjira helps change street kid's life - A heart-warming Facebo...

by Staff reporter | 28 May 2016 | 1711 Views

CCTV exposes Chicken Inn wallet thief - A WOMAN from Cowdray Park subu...

by Staff reporter | 28 May 2016 | 1874 Views

Zimbabwe war vets call Mugabe to order - WAR veterans have come out gu...

by Staff reporter | 28 May 2016 | 2906 Views

Opposition parties hit back at Mugabe - Opposition parties have said P...

by Staff reporter | 28 May 2016 | 1363 Views

Nhlanhla Masuku dies - National Economic Consultative Forum spokespers...

by Staff reporter | 28 May 2016 | 2470 Views

Indiscipline rocks Bosso - INDISCIPLINE seems to be creeping in at Bul...

by Sikhumbuzo Moyo | 28 May 2016 | 2060 Views

Zimbabwe targets SA, Botswana ID program - THE Ministry of Home Affair...

by Sukulwenkosi Dube | 28 May 2016 | 2463 Views

Who is Supersport faceless negotiator? - WHEN the giant sports broadca...

by Sikhumbuzo Moyo | 28 May 2016 | 1359 Views

Plumtree water supply dam in critical state - PLUMTREE'S main supply d...

by Sukulwenkosi Dube | 28 May 2016 | 685 Views

'Name and shame corrupt officials' - VICE President Phelekezela Mphoko...

by Prosper Ndlovu | 28 May 2016 | 829 Views

Tsvangirai likely to miss MDC-T’s Bulawayo demo

by Nduduzo Tshuma | 28 May 2016 | 771 Views

'Ex-lover' sues Prophet Magaya for $500,000 - A HARARE woman is suing ...

by Daniel Nemukuyu | 28 May 2016 | 1536 Views

Pardoned inmate caught with fake US$1,200 - KHUPEKANI Sibanda, 32, is ...

by Noleen Makhurane | 28 May 2016 | 1127 Views

Gold dealer, smugglers arrested - POLICE in Harare and Bulawayo have a...

by Crime Reporter | 28 May 2016 | 840 Views

Entertainment

Zim kwaito stars make waves in UK - "We have never been good at follow...

by Showbiz Reporter | 28 May 2016 | 653 Views

Sandy, Khuliyo show tickets selling like hotcakes - THE Sandra Ndebele...

by Bongani Ndlovu | 26 May 2016 | 1930 Views

Zimbabwe-born Olivier excels in SA music contest - Zimbabwe-born Jerem...

by Staff reporter | 25 May 2016 | 2854 Views

After Flashbacks and Setbacks press brief - A EDZAI ISU Theatre Arts P...

by Staff Reporter | 25 May 2016 | 712 Views

Gringo turns to music - "I am an artiste and have passion for acting. ...

by Sophia Chese-Msowa | 25 May 2016 | 3043 Views
iBlog

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago

Ios 9 Features Inspired By Android

apple announced ios 9 on monday, and while watching the keynote, i had just a little bit of déjà vu. most of ios 9's new features seem to be squarely aimed at apple's biggest rival in mobile: android. specifically, they were about catching up to ... Read More
Sergey 13 June 2015 ago