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Home » Hippo Valley injects US$11m in retooling
Companies & Markets

Hippo Valley injects US$11m in retooling

written by Mishma Chakanyuka, Staff Writer 0 comments
According to the group, costs are predominantly driven by an exorbitantly high minimum wage, an uncompetitive cost of cane under the Cane Purchase Agreement (CPA), and the division of proceeds (DoP) under the Cane Milling Agreement (CMA).
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SUGARCANE producer Hippo Valley Estates (Hippo Valley) has this year injected US$11 million in a massive retooling project expected to be completed next year.In an interview with The Financial Gazette last week, Hippo Valley chief executive Tendai Masawi said the company plans to replace its entire outdated machinery with newer equipment to boost efficiency.“The efficiencies…

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