Dunlop Zimbabwe records sales increase

SALES at Dunlop Zimbabwe Limited have significantly improved since the company received a license entitling it to sell its products in foreign currency, says a report by the company.

The Reserve Bank of Zimbabwe granted Dunlop Zimbabwe the licence required for companies in the country to sell products using foreign currency in late November 2008.

Without releasing specific figures, company managing director Kennedy Mandevani said that sales have been steadily increasing.

“The FOLIWARS (Foreign Exchange Licensed Warehouses and Retail Shops) sales are gradually picking up and will make a positive difference to our sales mix,” said Mandevani.

“Dunlop is intensifying its marketing campaign so that more of our customers are made aware of this facility.”

The licence has allowed the tyre manufacturer to import more raw materials, which have made an increase in production capacity possible, “thereby improving the company’s viability and safeguarding the company’s employment base.”

“In addition, the more we sell in forex, the more forex that is made available to the RBZ to finance crucial national programmes in the country,” stated Mandevani.