Turnall Holdings Limited (THL), a listed roofing goods producer, has reached an advanced stage in its investment in a new automated plant in Zimbabwe that will see a rise in production and facilitate migration from cement pipes.
THL acting company secretary Ziggy Bikwa stated the new Turnall Automated Roofing Plant Project is currently at an advanced stage in his trade update for the quarter ended September 30, 2021.Innovation in goods and services will provide continual improvement in ease and customer satisfaction through a diverse product mix in roofing such as Slates, Eco tiles, and Pantiles, according to Bikwa, is a top focus.
He went on to say that the new Turnall Automated Roofing Plant Project would increase product variety and automate manufacturing procedures. He finished by adding that the transition from fiber cement pipes to glass-reinforced pipes (GRP) is well underway.
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Turnall Revenue
Revenue in inflation-adjusted terms reached 40% during the review period, down from 188% the previous year, with sales volumes remaining at 13% this year. The profit before taxes was 72%, down from 147% the previous year. Fibre cement construction goods contributed 79% of the sales volume for 2021, a 7% rise compared to the same period the previous year, as cumulative nine-month aggregate volume growth remained stable at 13% over the comparable period. Fibre Cement pipes accounted for 2% of the total year-to-date sales volume over the same period. Concrete roofing tiles accounted for 19% of overall sales volume, an increase of 6% over the previous year.
“Turnall Holdings’ exports slowed due to regional lockdowns, consequent logistics disruptions, as well as higher local market demand which outweighed our production capacities. The company continues to expand its footprint in the SADC region,” said Bikwa.
In the future, Turnall Holdings Limited sees excellent potential for development in the construction sector, notably at the local government level and in national government projects, with the expectation that the industry will perform better in 2021, despite the many obstacles that the economy currently faces. This will be accomplished through increased volume, cost minimization, and business process realignment.
