Itel

Itel

Itel smartphones and accessories

Open
HomeAgriculture

COTTCO Plans To Install 60-Tonne Oil-Expressing Plant In Gokwe

1 month agoSat, 01 Feb 2025 10:38:24 GMT
Share on FacebookShare on TwitterShare on LinkedIn
COTTCO Plans To Install 60-Tonne Oil-Expressing Plant In Gokwe

The Cotton Company of Zimbabwe (COTTCO) said that it will take delivery of a 60-tonne oil-expressing plant from a Chinese partner, expected to arrive in the first or second quarter of 2025.

Updating on the current cotton planting season on Friday, COTTCO’s acting chief executive, Rockie Mutenha, said that the new plant will be located in Gokwe. He said (via The Herald):

On oil expression and green energy projects, COTTCO is acquiring a 60-tonne oil expressing plant from a Chinese firm, and the plant will be stationed in Gokwe.

We chose Gokwe because it has the highest throughput for factory processing and population. We expect the plant to be delivered in the first or second quarter of 2025.

COTTCO is also advancing its green energy project to power the Muzarabani ginnery, which is facing electricity challenges. Said Mutenha:

Click here: Pindula WhatsApp Channel
wa.me/channel/0029Vb4GVea90x2nCSDImS1b

 

We expect to generate more energy than we require, with excess power channelled into the national grid for consumption by other electricity users in Muzarabani.

The project has not yet taken off as we are in discussions with financial and technical partners, but it will take place this year.

Regarding the current season, Mutenha announced the introduction of a farmer classification system to streamline input distribution.

This new system categorizes farmers based on their historical performance in production, productivity, and loyalty in delivering to COTTCO.

Farmers are classified into three groups: gold for those with 4 hectares or more of cotton, silver for those with 1 to 3 hectares, and bronze for those with less than 1 hectare or practising Pfumvudza/Intwasa.

Mutenha said that the crop stages indicate a very late season, with most of the crop not yet reaching the productive stage. He said:

About 12 percent of the crop has just emerged, having been planted late; 31 percent is between two and four pair leaves; 32 percent is between four and six leaves; 18 percent is squaring; seven percent is at flowering to ball formation stages; and one percent is at full ball formation.

The crop is healthy, and a good harvest is expected if it continues to rain into February and March.

Mutenha said COTTCO has successfully paid 100% of the foreign currency payments due from last year, accounting for 75% of the value.

However, the remaining 25%, amounting to US$400,000 to be paid in local currency, is still outstanding.

Mutenha assured that the company is committed to clearing the balance before the 2025 marketing season begins.

Tags

14 Comments

hkd · 1 month ago
our salaries please cottco 2023-2024 this company ine corruption vharai kana makundika
Baba Tunde · 1 month ago
Ichi chicompany chakadhakwa Chizere mbavha
ZimSketch · 1 month ago
pay workers 2023 &2024 salaries,
justice McMillan · 1 month ago
Talking about payment for last year. 12 months waiting. This is nonsense
dok25 · 1 month ago
being a sovereign country, why do we need foreign investors into our economy when we have people who can run sophisticated companies and factories, and minerals and other natural resources to export and get money to import machinery? for such an important project, the person at the very top is not even sure of when the project will start rolling.
Mp · 1 month ago
va magaya vakati vagadzira mushonga ini nharo nki
Mp · 1 month ago
matanga nhema ko kunyarara zvinei
chief we**** · 1 month ago
almost 60 percent pipo in Zim varikurwara nemukuhlani..maARV akashaikwa mahwan ekudaro bigtym
Corruptmore Looto · 1 month ago
Ummm this is just blatant lie, 60 % is too much, it's not even above 20% of the total population
chief wendendende · 1 month ago
many pipo will be affected by this.vakawanda vanhu vari kurwara kunze uko...pachafiwa kwete mbichana
Sir African · 1 month ago
Guys now those war veteran will suffer the most after America withdraw funding on A R Vs.Most veterans are on ARVs their lives hangs by the thread as they realise how precarious the situation easy.
Tambaoga · 1 month ago
Anti makaramba AGUMA yaProphet.moto****va matalks navo kkkk
Sir African · 1 month ago
@Tambaoga.You don't give to people something that has not been proved that it is efficacious unless the state allowed you to be a mass murderer. Victims and relative of the killed people would have sued the state and Magaya until the state was penniless.(I do not know whether what a pen is .)

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback