Displaying items by tag: rescue
Khayah Cement stakeholder and creditors to meet on 19 February 2025 amid financial troubles
03 February 2025Zimbabwe: 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.
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