HomeBusiness DigestCottco to inject US$500 000 more in Mozambique

Cottco to inject US$500 000 more in Mozambique

Roadwin Chirara

THE Cotton Company of Zimbabwe (Cottco) intends to inject a further US$500 000 into its cotton project in Mozambique for the 2004/2005 season.

ONT face=”Verdana, Arial, Helvetica, sans-serif”>The investment, which comes after the company poured in US$357 000 for the 2003/2004 season, is meant to boost the company’s crop output for the coming season.

According to the company’s regional director, Rob Jarvis, Cottco intends to increase its current hactarege from 8 678 hectarage to the projected 20 000 for the 2004/2005 season.

“The company has invested US$357 000 in the current crop and this is expected to rise to more than US$500 000 for the 20042005 crop when around 20 000 hectares will be established,” said Jarvis.

He said the company was expecting a harvest of 3 500 tonnes of cotton for the current season, of which 60% had been delivered to Mozambique.

Jarvis said this was a significant increase in the crop output since the company had only managed 1 928 tonnes previously.

“Harvest in the first year was 1 928 tonnes of cotton. The expected intake this year is 3 500 tonnes and about 60% has already been delivered,” said Jarvis.

He said it was the company’s intention to increase crop production to levels that would enable it to invest in ginneries so that cotton could also be processed in that country.

“It is Cottco’s intention to increase the ginning to a capacity of 10 000 tonnes,” he said

Jarvis said the company would continue using ginneries in Zimbabwe until 2005 when it hoped to have installed some in the main cotton growing areas.

“Ginning of cotton will take place in Zimbabwe until a ginnery is established in Mozambique and these ginneries will be installed in the main cotton growing areas and the first is likely to start in 2005,” Jarvis said.

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