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United Capital Fertiliser (UCF) Limited has announced plans to invest US$700 million in the construction of Compound D and Urea fertiliser manufacturing plants in Zimbabwe as part of its regional expansion plans.
This is according to the Herald publication monitored by the Zambian Monitor on Friday.
The conglomerate which recently commissioned a multimillion dollar fertiliser manufacturing plant in Zambia and embarked on an export drive to neighbouring Botswana is reportedly looking at investing US$700 million in Zimbabwe.
Read more: World Bank calls for transformed fertiliser market to curb food crisis in Zambia, Africa
UCF recently listed a US$500 million bond on the Botswana Stock Exchange that reportedly reinforced the company’s firm position as a leading player in the African fertiliser market and marked a new chapter in its ambitious regional growth strategy.
The Group lays claim to have significant experience and expertise in fertiliser manufacturing, specifically, coal to urea technology as well as coal mining and operation of coke oven batteries.
The organization is currently constructing a coal-to-urea production plant in Zambia at a total cost of US$595 million.
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