BRICK-making firm, Willdale Limited (Willdale) plans to step up capital raising initiatives next quarter in an attempt to increase plant efficiencies, which should increase its competitiveness in the face of fierce market competition.
The company’s ability to meet brick demand is being hamstrung by failure to replace its antiquated machinery.
Improving plant efficiency will be crucial for sustaining margins and positioning the company for future growth.
In its trading update for the third quarter (Q3) to June 30, 2024, Willdale company secretary Mavuto Munginga expressed concern over increasing competition.
“Efforts to improve competitiveness through investment in modern plant technology will be intensified in the next quarter. Cost containment will be critical going forward to sustain margins, faced with increasing competition,” h
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