NPC’S E1.4M BLENDING PLANT

MBABANE – As promised to investors prior to listing on the Eswatini Stock Exchange (ESE), Nkonyeni Pre-Cast Limited has delivered.

During the annual general meeting AGM last Friday, shareholders were shown a factory shell which was modified for a state-of-the-art blending plant. As part of the projected growth plans from proceeds of the sale of shares, the company had stated that E1.4 million would be used by the subsidiary, Chemical Solutions, to construct a laboratory, blending plant platform, buy components and set up the plant, and stock on consumables.

Chemical Solutions is a supplier of specialty chemicals, equipment and services that are used in the water treatment industry (potable water treatment, boiler water treatment, cooling system treatment and effluent treatment), textile industry (adhesives) and surface coating industry (paints). The subsidiary’s Manager, Musa Kunene, demonstrated some of the plant’s capabilities and stated how its commissioning will increase capacity of goods and services provided. Whereas the company previously imported already mixed chemicals, the plant now enables them to manufacture chemicals according to the needs of different industries.

Demonstrated

He demonstrated some of the safety features of the plant which include a shower in the event of accidental spills. According to the Chairman, Frans Pienaar, the company decided to have the shareholders meet on site and tour the plant to enable them to put into perspective where their money was going, the improvements to operations and increased scope of production. The shareholders were also shown how the NPC plant; which produces pavers, bricks and retainers; operates and what was added due to increased capital.

Pienaar implored all shareholders to be the company’s brand ambassadors and create their own network to support the company.“Be the narrative that keeps everyone informed about the great strides that the company is making,” he said. Inviting the shareholders to keep lines of communication open, the chairman said they should never shy away from getting clarity on any negative narrative they hear about the company. “This is your business. You are entitled to know.”

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