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News Khayah Cement stakeholder and creditors to meet on 19 February 2025 amid financial troubles

Khayah Cement stakeholder and creditors to meet on 19 February 2025 amid financial troubles

Written by Global Cement staff 03 February 2025
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Zimbabwe: Khayah Cement has begun corporate rescue proceedings with appointed supervisor Grant Thornton (Zimbabwe). The Sunday News has reported that the company is in financial trouble following equipment failures affecting its vertical roller mill. Grant Thornton (Zimbabwe) has called a meeting of Khayah Cement’s stakeholders and creditors in Harare on 19 February 2025. The rescue process aims to remove the need for liquidation.

Khayah Cement switched over from integrated to grinding-only production in 2023.

Last modified on 06 February 2025
Published in Global Cement News
Tagged under
  • Zimbabwe
  • Khayah Cement
  • debt
  • corporate
  • rescue
  • vertical roller mill
  • breakdown
  • grinding plant
  • Grant Thornton (Zimbabwe)
  • bankruptcy
  • GCW695
  • Middle East and Africa
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