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Minister calls for symbiotic relations between Govt, business community

Mon, 19 Dec 2011 12:00:00

WATER Resources Development and Management Minister Samuel Sipepa-Nkomo has called for continued symbiotic relations between Government and the business community in order to foster economic progression. Speaking during the Turnall Bulawayo plant familiarisation tour on Friday, he said there was no country that could foster meaningful economic development without active participation of the private sector. “There is no country under the sun that can foster meaningful economic...

Asbestos: When white is right

Mon, 10 Oct 2011 12:00:00

WHEN young Dr Godfrey Mataka arrived in Zvishavane in 1984 to take up the post of medical director at Shabanie Mine Hospital, he expected the worst. Dr Mataka's fatalism was informed not only by his youthful learnedness, but also the reality of the danger of asbestos, which was being mined here since the early 1930s. Shabanie and Mashava mines are producers of white asbestos fibre known as chrysotile. Asbestos is a generic name of fibres with a magnesium silicate base whose products are...

Dam projects to spur Turnall growth

Fri, 9 Sep 2011 12:00:00

Two major construction projects are expected to spur Turnall Holdings Limited's revenue generation although costly raw materials are likely to significantly erode profit margins, the company's chairman disclosed in a commentary accompanying interim results to June 2011. "The company is expecting a steady and firm growth in demand for its products in the second half of the year, driven by demand in building products, corrugated iron roofing sheets (GCIS), pipes and exports. The growth...

Turnall exports poised for growth

Thu, 8 Sep 2011 00:00:00

Turnall Holdings Ltd’s new non asbestos plant has commenced exports, with a strong order book of R20 million after it started operations in mid June, MD John Jere said while presenting the company's interim results to June 30 2011. The new non asbestos plant, which was commissioned in June this year, has so far realised sales of US$1 million. Management hopes to drive the performance of the business through exports.“The new technology will allow Turnall to penetrate the...

Turnall releases HY2011 interim results

Wed, 31 Aug 2011 12:00:00

The Board of Directors of Turnall Holdings Limited is pleased to announce the release of the Company's unaudited results for the half year ended 30 June 2011. Below are extracts from the Chairman's Statement and Financial Highlights. Chairman's Statement Introduction It is my pleasure to present the Turnall Holdings Limited results for the half year ended 30 June 2011. Operating Environment The accompanying results for the first six months of the year to 30 June 2011 were...

Turnall releases HY2011 interim results presentation

Wed, 31 Aug 2011 12:00:00

The Directors of Turnall Holdings Limited have the pleasure of announcing the release of the Company's 2011 interim results analyst presentation for the half year ended 30 June 2011. Below is a brief extract from the analyst presentation. Strategic Themes Operational Excellence Strategic result: We deliver affordable high quality products on time and in full. Strategic Partnerships Strategic result: When together with our partners, we have achieved critical mass (scale and scope) in...

Turnall scoops most prized accolades

Mon, 29 Aug 2011 12:00:00

Turnall Holdings Limited has defied all odds against the company and scooped the most prized accolades in the just released 2010/11 Zimbabwe Quoted Companies Survey, shrugging-off stiff competition from the local bourse's highly capitalised counters. The country's single largest fibre-cement manufacturing company was the overall winner in the prestigious survey and at the same time walked away with the Best Company Prize in the Manufacturing Sector. The survey is sponsored by a...

Turnall gets SABS certificate

Fri, 22 Jul 2011 12:00:00

The South African Bureau of Standards (SABS) has awarded certification to Turnall Holdings’ non-asbestos fibre plant in Bulawayo. The SABS certificate was presented to the company at a brief ceremony held on 21 July this year. Turnall built a US$5 million non-asbestos fibre plant to manufacture roofing material using other materials after South Africa joined the anti-asbestos lobby and banned imports of products made from fibre. ...

Turnall water pipes safe: SAZ

Tue, 5 Jul 2011 00:00:00

THE Standards Association of Zimbabwe and the Institute of Mining Research have endorsed as "safe and similar to those mined locally" imported chrysotile asbestos fibre used by Turnall for the manufacture of AC water pipes. Turnall took the chrysotile asbestos fibre for testing after the Zimbabwe National Water Authority expressed reservations over the imported fibre Turnall used to make pipes for Zinwa's Mtshabezi pipeline project. Zinwa preferred local chrysotile asbestos...

Turnall's Jere forecasts H1 sales volumes to rise by 20%, turnover 65%

Thu, 19 May 2011 12:00:00

HARARE - Turnall's volumes should grow by 20% in the 6 months to June, and turnover should rise by 65% in the interim period, MD John Jere told the AGM. For the 4 months to April 2011, volumes at 20 500 tonnes were 16% ahead of same period last year, while turnover at $13 mln was 65% up on the previous corresponding period. Operating profit at $1.3 mln was 170% ahead of same period last year. "Margins have generally strengthened and could have been higher but for the closure of Bulawayo...

Turnall: Notice of Ninth Annual General Meeting

Thu, 28 Apr 2011 12:00:00

Notice is hereby given that the Ninth Annual General meeting will be held on Thursday 19 May 2011 in the Jacaranda Room, Rainbow Towers, Harare at 1200hrs for the following business: Ordinary Business To receive, consider and adopt, the Annual Financial Statements and the reports of the Directors and auditors for the financial year ended 31 December 2010. To note and confirm the passing of the final dividend for the year ended 31 December...

Turnall commissions new technology plant in Bulawayo

Mon, 7 Mar 2011 00:00:00

Turnall Holdings Limited this week announced that the commissioning process of the asbestos-free product manufacturing plant in Bulawayo has begun, marking an important milestone in the product development history of the organization. In a press release the company said the launching of the asbestos-free product was a strategic response to the banning of asbestos containing products in South Africa and Mozambique and also to maintain the market share in these export markets. "The commercial...

Turnall resumes exports to SA

Mon, 7 Mar 2011 00:00:00

Turnall Holdings is set to resume exports to South Africa as part of a strategy to expand its footprint into the Southern African Development Community. In a statement accompanying the company's financial results for the year ended December 31 2010, chairman Herbert Nkala said exports into the regional markets of South Africa, Botswana and Mozambique would go a long way in strengthening Turnall's regional presence going forward. "To that end, I am pleased to advise that...

Turnall releases FY2010 abridged results and analyst presentation

Wed, 2 Mar 2011 00:00:00

The Directors of Turnall Holdings Limited are pleased to announce the release of the Group's 2010 full year abridged results and analyst presentation for the year ended 31 December 2010. Below are extracts from the Chairman's Statement and some key financial highlights. Chairman's Statement Introduction It is my pleasure to present the Turnall Holdings Limited results for the year ended 31 December 2010. The company posted good results on the back of a relatively stable...

Turnall analyst briefing for the full year ended 31 December 2010

Fri, 18 Feb 2011 12:00:00

Turnall Holdings Limited is pleased to announce that the analyst briefing for the full year results to 31 December 2010 will be held on Tuesday 1 March 2011 at the Royal Golf Club at 2.30 pm.

Turnall launches new interactive website and online IR initiative

Tue, 8 Feb 2011 12:00:00

In its quest to become a truly world class organization, Turnall Holdings Limited is pleased to announce the launch of its new interactive website incorporating an online investor relations and stakeholder initiative. The launch, coming at the beginning of 2011, is part of Turnall's strategy to continuously improve its product support, quality, reliability and durability going into the next decade. "Our reputation for excellent product support, quality, reliability and durability is a...

Safe use principle is the hallmark of the local asbestos industry

Sat, 20 Nov 2010 00:00:00

In the Asbestos Story articles we have occasionally referred to the International Labour Organisation Convention #162 which largely recommends the Safe Use Principle. The Convention applies to all activities involving exposure of workers to asbestos in the course of their work. It does not prohibit the use of chrysotile, but the use of the blue and brown varieties of asbestos.As you maybe aware, ILO formulates international labour standards in the form of Conventions and Recommendations setting...

Asbestos is safer than water (Part 2)

Sat, 13 Nov 2010 12:00:00

This week's article is the second and final part of The Asbestos Watchdog feature. Enjoy the rest of the article and next week we will give you an insight of the Safe Use Principle. Of course nobody has ever said that chrysotile is totally safe. Nothing is. Any particulate, if inhaled in large enough quantities can overburden the lungs and cause serious respiratory disease. As with any dose related event the risk can be controlled with safe working practices. When chrysotile is combined...

Asbestos is safer than water (Part 1)

Sat, 6 Nov 2010 00:00:00

Nowadays people have tended to be gullible to alarmists on any issues concerning our environment and the asbestos issuehas not been spared. Just to put this into perspective, this week we have adopted a feature from a well-known British-based asbestos lobby group called Asbestos Watchdog. We will publish the first instalment of the feature this week and continue the rest in the following edition, so watch this space.We all know that you can't always trust what you read, that some journalists...

White asbestos does not persist in the lungs' acid environment

Sun, 31 Oct 2010 12:00:00

We have maintained in this series of articles that chrysotile fibre has a mineralogically different structure when compared to amphibole fibres. In this week's feature we will further reveal the structural differences of blue and brown asbestos as opposed to white asbestos (chrysotile).Amphibole fibres are solid cylindrical fibres which are highly durable and insoluble in the lung while chrysotile is in fact a thin rolled tubular sheet, the structure which is quickly attacked in the lung...

Nehanda Housing Co-operative takes delivery of AC pipes

Fri, 29 Oct 2010 12:00:00

Nehanda Housing Co-operative, one of the most successful housing cooperatives in Zimbabwe, has welcomed the resumption of production by the AC Pipe Plant saying it will assist the co-operative's efforts in seeing the completion of the massive project. The Pipe Plant has not been producing ac pipes for close to two years due to unavailability of chrysotile fibre from the local mines, but the recent importation of chrysotile fibre into the country resulted in the resumption of pipe...

Zimbabwe has no known cases of mesothelioma

Tue, 26 Oct 2010 00:00:00

In last week's edition of the Asbestos Story, we pointed out that 'asbestos' is a generic name given to the fibrous variety of naturally occurring minerals that include Chrysotile (white) and amphiboles (blue and brown). Scientific evidence has proven that chrysotile presents mush less health risk than the amphiboles.When asbestos is separated from the parent ore, it consists of fine, flexible strands of fibres. It should be noted that asbestos is harmful if very fine asbestos are inhaled over...

Turnall's asbestos cement (AC) pipes, best value for money

Mon, 25 Oct 2010 00:00:00

For more than 40 years now Turnall has mastered the art of manufacturing AC pipes. The pipes are manufactured to stringent specifications under the South Africa Bureau of Standards certification. That Turnall has managed to retain its certification and product marks from SABS even after South Africa stopped using asbestos containing materials is testimony to Turnall's adherence to the strict ILO guidelines in the production of AC products. Turnall's AC Pipe Plant is located at the...

Turnall pipe plant resumes production

Thu, 21 Oct 2010 12:00:00

Turnall's asbestos-cement Pipe Plant in Bulawayo commenced full production at the beginning of October ending the long wait of the much sought after AC pipes. The Pipe Plant was de-commissioned about 2 years ago when the asbestos mines failed to meet Turnall's required quantities of chrysotile fibre. New suppliers of chrysotile fibre have now been identified and this is expected to ensure that the Pipe Plant will run consistently to meet the current back orders and also in order to...

White asbestos: The only variety still in use worldwide

Sat, 16 Oct 2010 12:00:00

This article seeks to make the distinction between white asbestos and the blue and brown asbestos, which are the varieties that have been proven to be harmful to human health.The term 'asbestos' is a collective name given to a group of minerals whose crystals occur in fibrous forms. The term was adopted for the purposes of commercial identification only.The six minerals commonly referred to as asbestos come from two rock types the serpentines and amphiboles. White asbestos, whose...

White asbestos remains un-banned in Zimbabwe

Sat, 9 Oct 2010 12:00:00

The debate on the use of asbestos and asbestos containing materials has resurfaced in this country in the wake of intense competition among players in the construction industry as a result giving rise to anti-asbestos sentiments in certain circles. Those peddling anti-asbestos sentiments are deliberately avoiding the distinction between the different varieties of asbestos.Zimbabwe mines one variety of asbestos known as chrysotile asbestos or white asbestos, the bulk which was used to be...

Turnall on Schedule

Thu, 7 Oct 2010 00:00:00

Harare � Turnall Holdings Limited is on schedule to commission its non-asbestos plant before the end of the year, a move likely to enable the company to re-enter the lucrative South African market. Board chairperson, Herbert Nkala, said the non-asbestos project, which was undertaken to cushion the company against the global ban on asbestos use, was at an advanced stage and in time for commissioning in December this year. This will allow the company to re-enter the South African housing...

Turnall diversifies after asbestos ban

Tue, 28 Sep 2010 00:00:00

Turnall Holdings Limited, a key player in Zimbabwe's construction and allied industry, has announced plans to diversify away from asbestos following bans by South Africa and Mozambique, its largest traditional export markets. Traditionally, the industrial-conglomerate is involved in the production of asbestos products, fibre cement proofing, piping and accessories. In its half-year financial statement, chairman Herbert Nkala said Turnall would open an asbestos-free plant as early as January...

Turnall 2010 interim results presentation

Mon, 27 Sep 2010 12:00:00

The directors of Turnall Holdings Limited have pleasure in presenting the results for the half year ended 30 June 2010. Below are the excerpts from the Chairman's Statement:IntroductionIt is my pleasure to present the Turnall Holdings Limited results for the half year ended 30 June 2010.Operating EnvironmentThe first six months of the year were challenging for business with most companies citing liquidity and working capital constraints as key impediments to business growth. As a result,...

Turnall: Notice of Eighth Annual General Meeting

Tue, 18 May 2010 12:00:00

Notice is hereby given that the Eighth Annual General Meeting of the Members of Turnall Holdings Limited will be held on Thursday 3 June, 2010 in the Jacaranda room, Rainbow Towers, Harare at 12:00 Hours to consider the following business: Ordinary Business To receive, consider and adopt, the annual financial statements and the reports of the Directors and auditors for the financial year ended 31 December, 2009. To elect Directors of the company Messrs J.P....

Turnall posts U.S.$1,5 million after-tax profit

Thu, 1 Apr 2010 00:00:00

Harare � DESPITE limited credit lines and liquidity problems that hampered Turnall Holdings Limited's operations in the first quarter, the company achieved revenues of US$16,5 million for the year ended December 2009. Turnall incurred US$10,4 million production costs to post US$6,1 million gross profits. The group attained a profit before tax of US$2,4 million. A tax expense of US$851,874 for the year gave the group profit after tax of US$1,5 million. Gains on assets revaluation totalling...

Turnall 2009 annual report released

Fri, 19 Mar 2010 00:00:00

The Directors of Turnall Holdings Limited have pleasure in presenting the Turnall Holdings Limited results for the year ended 31 December 2009. The results were achieved during a period of relatively improved macro-economic stability that came on the back of the formation of a Government of National Unity (GNU) early in the year. Below are the excerpts from the Chairman's Statement:Operating environmentThe introduction of multi-currencies in February 2009 brought stability in prices and created...

Turnall to commission new plant

Fri, 18 Sep 2009 00:00:00

ZIMBABWE � HARARE � Turnall Holdings will next year commission a plant to manufacture asbestos-free products after South Africa banned imports of asbestos cement products. The company secured a loan of US$5 million to set up the plant and said part of the money had been released. "I am pleased to report that the first draw down from the US$5 million loan secured for the non-asbestos plant project has taken place. "The commissioning of the plant is planned for October 2010," Turnall chairman...