SUNDA PLEDGES $10M INVESTMENT
By BUUMBA CHIMBULU
AN additional investment of US$10 million has been pledged by Sunda Industrial Zambia company over the next four years to expand its diaper factory located in the Lusaka South Multi Facility Economic Zone (LS-MFEZ).
This investment will create an additional 150 job opportunities for local Zambians and 10 expatriate positions who will facilitate skills and knowledge transfer to the local team members.
This is according to the LS-MFEZ Manager Corporate Affairs, Alice Schultz.
“This expansion is expected to accommodate the production of an additional line of sanitary pads and also upscale the production of diapers.
“Sunda is the designated manufacture of Softcare Diapers currently producing 4000 bales of diapers daily all of which are being consumed locally,” Ms Schultz said in a statement.
She stated that the expansion would catalyse a need for increased supply of electricity from the current 500 KVA to 1500 KVA upon the implementation of the expansion project.
The LS-MFEZ, she said, was excited to host this investment and it was delighted to witness the investor confidence exhibited not only in the Zone but in Zambia as a whole.
Ms Schultz explained that the Company whose current staff compliment stood at 110 staff began production in June 2021 and all their produce is being consumed locally.
“Lusaka South MFEZ Ltd welcomes this move by Sunda Industrial Zambia Co. Limited which will increase job creation at the Zone.
“Having initially began the project with an investment of US$2 million and now pledged an increment of US$10 million to be invested from the period 2022 to 2025 is a good strategic fit to the Zones objective of becoming a preferred investment destination,” she said.