Glass manufacturing is just not viable � BDC boss

Friday, October 09, 2015

The Botswana Development Corporation (BDC) has ruled out reviving the collapsed Fengyue Glass plant, as glass manufacturing is not a viable investment option, the new managing director, Bashi Gaetsaloe says.

Appearing before a Parliamentary Committee on Statutory Bodies and State Enterprises yesterday, Gaetsaloe said the glass plant, which is under liquidation, carries too much risk and it was always going to be difficult to turn it into a commercially viable operation.

He was answering a question from the committee chairperson, Samson Moyo Guma who had wanted to know if BDC, under its new investment strategy, has any plans to reinvest in the project.

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