Business / Companies
Broke CSC resort to selling off scrap metal
12 Apr 2015 at 07:42hrs | Views
The Cold Storage Company (CSC) which is in dire financial constraints is now resorting to selling off part of its movable assets including scrap metal in five of its branches probably to raise cash.
The once thriving meat firm has invited tenders for the assets.
"Tenders are invited from interested members of the public for the purchase of used factory and ranches movable assets that have become excess to requirements located at our branches in Bulawayo, Harare and Masvingo as well as at our ranches at Mushandike (Masvingo) and Chivumburu (Chiredzi) respectively.
"On offer are: Motor Vehicles, trucks, trailers, Office furniture, workshop mechanics, scrap metal and many more" reads part of the notice.
CSC Bulawayo abattoir is now in a state of ruin as the beleaguered company is failing to maintain it.
The huge factory premises in Belmont industrial area is now surrounded by overgrown grass, making the place hardly visible from outside.
There are huge trees and shrubs that are threatening to shoot through the roof of the factory buildings of what was once the leading meat supplier in Zimbabwe and abroad.
The precast periphery wall has virtually collapsed.
"The company has virtually failed to maintain the premises and it's sad. The grass has not been cut for a long time and if there happened to be a fire outbreak, there is going to be a disaster here," said one worker.
CSC used to play a leading role in the processing and marketing of Zimbabwe's beef since its inception in 1937.
However, it has fallen on hard times since 2000 owing to a myriad of challenges, that include difficulty in raising adequate working capital, cattle disease outbreaks, decline in the commercial herd, huge foreign debt, high staff turnover and an aged transport fleet.
CSC last exported beef in 2007 because of serious uncontrolled outbreaks of foot and mouth diseases.
The once thriving meat firm has invited tenders for the assets.
"Tenders are invited from interested members of the public for the purchase of used factory and ranches movable assets that have become excess to requirements located at our branches in Bulawayo, Harare and Masvingo as well as at our ranches at Mushandike (Masvingo) and Chivumburu (Chiredzi) respectively.
"On offer are: Motor Vehicles, trucks, trailers, Office furniture, workshop mechanics, scrap metal and many more" reads part of the notice.
CSC Bulawayo abattoir is now in a state of ruin as the beleaguered company is failing to maintain it.
The huge factory premises in Belmont industrial area is now surrounded by overgrown grass, making the place hardly visible from outside.
There are huge trees and shrubs that are threatening to shoot through the roof of the factory buildings of what was once the leading meat supplier in Zimbabwe and abroad.
The precast periphery wall has virtually collapsed.
"The company has virtually failed to maintain the premises and it's sad. The grass has not been cut for a long time and if there happened to be a fire outbreak, there is going to be a disaster here," said one worker.
CSC used to play a leading role in the processing and marketing of Zimbabwe's beef since its inception in 1937.
However, it has fallen on hard times since 2000 owing to a myriad of challenges, that include difficulty in raising adequate working capital, cattle disease outbreaks, decline in the commercial herd, huge foreign debt, high staff turnover and an aged transport fleet.
CSC last exported beef in 2007 because of serious uncontrolled outbreaks of foot and mouth diseases.
Source - Byo24News
