BHP reports rebound in iron ore output

BHP Group, the world’s biggest miner, reported a rebound in iron ore output in the fourth quarter after a cyclone hit production in March, and forecast modest output growth in 2019/2020 amid a surge in prices.

BHP met its revised target for iron ore production, but flagged $1bn (R14bn) in productivity losses for fiscal 2019 in its quarterly production report, flowing from disruptions to operations across its commodities.

The Anglo-Australian miner’s iron ore output fell

MY VISIT TO KINGS FLOUR MILL in Akwa Ibom State : Aniekeme Finbarr

My visit to Kings Flour Mill Ltd, Mkpok was very revealing. They are the largest producers of flour in Europe.

Their factory in

Nigeria- Lagos Factory Import Bars spook Manufacturers

LAGOS— Sachets of freshly packaged tomato paste roll off the conveyor belts at the Vital Products factory in Lagos 24 hours a day. But those belts will soon grind to a halt, according to factory owner Sanjeev Kapoor, who says a new policy effectively restricting the import of goods including tomato concentrate, means he will run out of raw materials in less than two months. "I will have to shut the factory when my concentrate runs out and put 440 people out of a job," says Kapoor.

Workers arrange beef sticks at the Zambian company Zambeef’s production plant in Lekki-Ajah outside Lagos. A new policy restricting the import of goods has put the future of numerous manufacturing firms in doubt. Picture: REUTERS/AKINTUNDE AKINLEYE

The local vendors who supply him with cartons, labels, salt and chemicals will also lose out.
As part of a plan to conserve dwindling foreign exchange reserves, Nigeria’s central bank in June began denying the use of foreign exchange from the domestic market for importers seeking to buy certain goods including "raw materials" such as tomato concentrate and glass.

South African Car factory getting upgrade from Volkswagen with $343m

German Carmaker Volkswagen plans to spend 4.5 billion rand ($343 million) to upgrade its factory in South Africa and improve its supplier base, it said on Thursday.

 

Most of the money would be used to revamp its factory in Uitenhage in Eastern Cape province to produce new models, Thomas Schaefer, head of Volkswagen’s South African unit, said.

KADCCIMA support FG`s bid to re-activate textile enterprises

The Kaduna Chamber of Commerce, Industry, Mines, and Agriculture (KADCCIMA), has expressed support for the new initiative of the Federal Government to revive textile-manufacturing enterprises in the country.

 

The trade group said the single-digit interest and long-tenured loans government planned to extend to operators of textile manufacturing enterprises was a practical demonstration of the regime interest in reviving the sector.

Goodyear Dunlop closure Tyre Factory

All 330 workers at the Wolverhampton site are expected to lose their jobs.

 

Trevor White, who has worked at the factory for 40 years, said the closure would be "another nail in the coffin for the manufacturing industry in Wolverhampton".

Establishing a Modern Bakery

Bread is a major product of bakery and about the most demanded all over the world.  The implication of this is that demand for bread is automatic.  Consumption of bread cuts across all ages, gender and races.  Bread is taken virtually every minute. It can be taken as breakfast, or lunch or even as a dinner.  It is a ready-made food that does not demand further preparation, except for those who want to toast it.

Raw materials for bread production are readily available.  The major raw material is wheat flour, which is heavily imported into the country.