STATE-owned chemical manufacturing company, Chemplex Corporation (Chemplex), says it has raised US$9 million from internal resources, out of a total US$36 million required for capital investment projects, and it expects the government to pump in the balance.
The company produces an array of products including water treatment chemicals, fertilisers and raw materials used in the manufacture of fertilisers.
“We have our internal resources. Right now, we can put in place about US$9 million.
“The balance, which is about US$28 million is what we are appealing to the shareholder to bring in. We are happy that the shareholder has already committed to doing so. “So are we are just waiting for the release of the money. The projects’ documents are there, the plans are there,” Chemplex acting chief executive James Chigwende told The Financial Gazette thi
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