BULAWAYO – The Treger Products Group has re-invested close to US$37 million into the business since 2010 with a focus on modernising its production units to keep with global industrial technological standards and to meet domestic and export market demands.
Despite the setbacks suffered in recent years in the face of challenging macro-economic environment, including the 2008 hyper-inflationary era, Group chairman Martin Lock says the business has been resilient and has managed to regain solid footing.
He told President Emmerson Mnangagwa and his ministerial delegation during a tour of the diversified Bulawayo-headquartered factory last Friday that the business has started reaping dividends of modernising its plant equipment and retaining skilled manpower.
“Since 2010 the Treger Group has re-invested US$37 million into the business. This included changing the processes at Kango from mechanical to hydraulic, installing robotic lines and laser cutters, bringing in a 1 250-tone injection molding machine, the largest in Africa, and eight colour printers for the plastics industry,” said Lock.
“The latest addition being the solar geyser factory and a modern steel tubing mold that produces tubing at the rate of 40 metres a minute.”
Treger Group of Companies was founded in 1911 by the Treger family and is privately owned, running five manufacturing divisions that include Kango Products, Monarch Steel, Treger Plastics, Zimbabwe Grain Bags and Treger Harare.
On Friday, President Mnangagwa officially commissioned the Monarch Housewares Factory, a harmonised unit that produces a range of products under one roof. The aim being to boost output capacity and meeting supply needs for local and international market.
Through its divisions the company has become the largest manufacturer of household, cookware and appliances in Africa.
In Zimbabwe the Treger Group is one of the largest manufacturers of window frames, door frames, wheelbarrows, geysers, kitchen furniture, painted and galvanized hardware to the building and allied industries. Its products are of high quality and conform to the SAZ standards.
The company also exports to several countries within the Sadc region and beyond.
Lock said the strides being achieved by the company were a product of teamwork and collaboration between with partners including support from the Government.
He said the business was a beneficiary of the Reserve Bank of Zimbabwe (RBZ) weekly foreign currency auction system.
“What we see today is not a modern-day miracle, this would not have been possible without the support of the Reserve Bank and the Ministries of Industry and Commerce and Finance,” said Lock.
“We go back a long way with all of you and we consider our relationship as one of a partnership, we need your support as much as you need ours. It really is a team effort.”
Now in its fourth generation in managing and running this group of companies, Lock said the Treger family remains focused on expanding the business and playing its part in transforming the country’s economy.
“We remain committed to doing good works, which has become a way of life not only for us but for all of us. In establishing a business that touches on everyone…together with the support of the team we have and the Government, I can say the future is brighter for team Tregers and team Zimbabwe,” said Lock.