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Home » Padenga downsizes crocodile unit as demand dips
Companies & Markets

Padenga downsizes crocodile unit as demand dips

written by Elton Manguwo, Staff Writer 0 comments
The group is banking on the new equipment delivered during the quarter under review which it expects to improve efficiency going forward.
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PADENGA Holdings (Padenga) says it plans to right-size its agribusiness segment in accordance with global demand for crocodile skins, which has recorded a significant downturn.The group has mining operations and a Nile crocodile breeding business operating as Dallaglio Investments and Padenga Agribusiness, respectively.The crocodile business saw a year-on-year decline in sales volumes, with 46 560…

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