Land Reform Program Boosts Demand for Steel Products in Zimbabwe

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Last updated at: (Beijing Time) Monday, April 29, 2002

Land Reform Program Boosts Demand for Steel Products in Zimbabwe

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The Zimbabwe Iron and Steel Company (ZISC) said on Sunday that demand for its products has been increasing from the time the government embarked on the land reform exercise which has created thousands of new farmers.

"The land reform exercise has opened up business for our company and demand for products by farmers has increased considerably," a spokesman of the company said in a statement.

The company spokesman said at the Zimbabwe International Trade Fair (ZITF) in Bulawayo, the second largest city in Zimbabwe.

"Demand for products such as steel, which is used in the manufacture of farming implements continues to rise," said the spokesman.

He said the products in high demand included ploughs, hoes, fencing and building materials.

The company was trying to source funds so that it could operate at full capacity.

The ZISC was operating at 20 percent below capacity and required about 10 billion Zimbabwean dollars (about 182 million U. S. dollars) to be fully operational.

The spokesman said the trade fair had helped the company to market its products to local and international clients.

The government has resettled more than 220,000 families under its fast track land reform exercise, which started in 2000 after land hungry Zimbabweans invaded white-owned farms.

The ZITF, which ends on Sunday, was opened on Friday by Zambian President Levy Mwanawasa.

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