Tuesday, January 26, 2021
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Illovo commits K3bn in capital projects

by Johnny Kasalika
29/08/2012
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Illovo aug29 | The Nation OnlineIllovo Sugar Malawi Limited has committed K3 billion (about $12 million) to capital projects in both the agricultural and factory operations.

RelatedHeadlines

Kwacha still Under pressure

Malawi to benefit from Comesa digital payment policy

Smuggling of flour, cooking oil rising, say traders

The investment aims to secure the on-going growth and future sustainability of the sugar business in the country.

In an e-mailed response, Illovo spokesperson Ireen Phalula said this will ensure continuous availability of domestic sugar supplies and moderation of prices, among other things.

“Malawi prices are the lowest in the region. Although the company is always under pressure with regard to costs of production and marketing, we have, through continuous improvements, been able to successfully maintain moderate prices which, as said above, are the lowest in the region,” Phalula said.

She said the K3 billion ($12m) will be spent on a range of things, including replacement of equipment such as irrigation pumps, some electrical improvements and buildings at both Nchalo and Dwangwa Sugar Estates.

“Capital expenditure is also on productivity and efficiency developments such as irrigation pivots, production improvement projects and energy saving initiatives in factories,” said Phalula.

During the company’s annual general meeting held recently, Illovo chairperson, Graham Clark said investments in factory capital projects, coupled with continuous improvements in plant efficiencies in the new season, should ensure improved rates of factory throughput and recoveries.

He argued that this would augur well for an improvement in overall sugar production which is expected to increase by almost 10 percent.

Illovo has also announced plans to develop more than 400 hectares of additional cane land by Malawian smallholder farmers, particularly in the Chikhwawa area.

This too is expected to result in an increase in the overall cane crop.

Previous Post

Malawi’s problems need efficiency—Dictus

Next Post

Soche East murder case committed to High Court

Related Posts

graph 7 | The Nation Online
Business News

Kwacha still Under pressure

January 26, 2021
Pinifolo: The aim is to empower MSMEs
Business News

Malawi to benefit from Comesa digital payment policy

January 26, 2021
flour | The Nation Online
Business News

Smuggling of flour, cooking oil rising, say traders

January 25, 2021
Next Post

Soche East murder case committed to High Court

Trending Stories

  • covid 2 | The Nation Online

    SA returnees in forced quarantine

    0 shares
    Share 0 Tweet 0
  • Tonse faulted on former presidents’ benefits

    0 shares
    Share 0 Tweet 0
  • Health workers not spared by Covid-19

    0 shares
    Share 0 Tweet 0
  • court rebuffs apm on frozen account

    0 shares
    Share 0 Tweet 0
  • Cometh the hour,Cometh the man

    0 shares
    Share 0 Tweet 0

Opinions and Columns

My Turn

Behaviour change key in Covid-19 fight

January 25, 2021
Emily Mkamanga

Citizens power brings change

January 24, 2021
Search Within

The rural farmer needs to take centre stage

January 24, 2021
My Thought

Spread hope not fear

January 24, 2021
  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2021 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Opinion
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.