The Dinson Iron and Steel Company (Disco) in Manhize, Midlands Province, has raked in nearly US$100 million in steel sales during the first half of the year.
Disco chief executive Benson Xu said the company is prioritising high-quality steel production to meet strong demand both locally and internationally.
He was speaking while briefing Information, Publicity and Broadcasting Services Minister Jenfan Muswere, who toured the plant last week alongside journalists. Said Xu:
“We had a ground-breaking ceremony in October 2022, led by His Excellency President Mnangagwa.
“Our team has been working tirelessly and in June 2024, we achieved our first production of steel billets.
“In the first half of the year, we made US$100 million in sales, saving the country revenue on steel imports.”
Locally-produced Disco steel is already playing a key role in major infrastructure projects, including the Lake Gwayi-Shangani Dam in Matabeleland North.
Xu praised the Government of Zimbabwe for creating an enabling environment that allowed the company to invest and expand operations in the country. He said:
“We are planning to diversify and work on import substitution, collaborating with other industrialists in the zone.
“We have created a platform for other sectors to come and work with us, and we believe that by working together, we can all contribute to the growth of the economy. We need more cooperation and transparency.
“We have delivered the project with the support of the Government and we commend President Mnangagwa and his administration for giving us the opportunity to invest in the country.
“We are open to the public and strive for transparency. Zimbabwe and China are one family and we are grateful for the support.
“We are working in line with Vision 2030 and the vision is achievable when we work together to realise industrialisation by 2030.”
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