Dinson Iron and Steel Company (DISCO), a subsidiary of China-based Tsingshan Holding Group, has quickly become one of the country's largest industrial investments.
Initially operating with an annual production capacity of 600,000 tons, the plant aims to increase its capacity to 1.2 million tons, according to Mining Zimbabwe. Daily pig iron production continues at 1,400 tons, and the steel billet line has also been commissioned.
In this context, Tsingshan Holding Group plans to invest $800 million to expand the facility. The investment will include rolling mills, new steel production lines, and a blast furnace.
The factory produces pig iron, steel billets, and rebar. A significant portion of its energy needs is met by a 50 MW power plant that recycles furnace gases. Additionally, a solar energy project is planned to support electricity supply.
Zimbabwe currently imports approximately $1 billion worth of steel annually. The investment is considered important for economic development and employment growth. Increasing domestic production is expected to reduce import dependency, protect foreign currency reserves, improve the balance of trade, and create a more resilient industrial infrastructure against international market fluctuations.
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