Staff Reporter
The operationalization of the Dinson Iron and Steel Company (DISCO) in Mvuma is set to breathe new life into Zimbabwe’s foundry industry, addressing the long-standing shortage of quality raw materials that has crippled production since the closure of the Zimbabwe Iron and Steel Company (ZISCO).
Aligned with the National Development Strategy 1 (NDS1), this initiative is crucial for resolving the chronic shortage of quality raw materials in the country’s industries.
An official from the Ministry of Industry and Commerce in Gweru who prefeed anonymity as he was not authorised to speak to the media, highlighted the impact of this development on the sector.
“The Manhize steel plant represents a significant milestone in our efforts to rejuvenate the foundry sector. By ensuring a steady supply of quality raw materials, we can restore productivity and competitiveness within the industry. With the plant becoming fully operational, we anticipate a substantial reduction in the steel import bill, coupled with numerous employment opportunities for our citizens,” said the official.
The project manager, Wilfred Motsi reiterated by emphasizing the plant’s potential to drive economic growth and improve livelihoods.
"The surge in employment is a testament to the plant’s ability to create employment opportunities up and downstream improving people’s livelihoods. Employment at the Manhize steel plant has already risen from 1 400 workers to 1 900 workers in the first quarter of 2024. Projections indicate that by October 2024, when phase 1 of the plant reaches full integration at stage 3, employment levels could soar to approximately 3 000 workers. Production levels are expected to reach an annual average of 590 000 tonnes of steel products.
“We are confident that as the plant scales up its operations, it will continue to create more job opportunities and contribute to the overall development of our economy,” said Motsi.
In terms of exports and value chain domestication, the Manhize steel plant is poised to play a pivotal role.
"During its first phase, the plant’s estimated export value is projected at $490 million per year, with an import substitution value nearing $1 billion annually,” Motsi explained.
The successful integration of the Manhize steel plant into the national industrial framework marks a pivotal step in Zimbabwe’s journey toward industrial self-sufficiency and economic resilience.
As the plant ramps up its operations, it promises to be the cornerstone of the country’s industrial revitalization efforts, supporting the vision set forth in the NDS1.
