21 Oct 2005
Bulawayo, Zimbabwe -- Dunlop Tyres International Ltd. has been forced to close its subsidiary plant in Bulawayo, temporarily, citing a "hostile operating environment" in Zimbabwe.
Among the reasons given were a lack of raw materials, local credit/currency problems, government regulations that restrict trade and a shrinking Zimbabwean economy.
Dunlop Tyres anticipates the plant being able to reopen once the operation is able to obtain foreign currency to purchase raw materials.
The situation affects about 800 workers at the factory, which makes passenger, light and medium truck, farm and OTR tyres.
From Rubber & Plastics News (A Crain publication)
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