Zimplow seeks to contain costs

AGRICULTURAL equipment manufacturer Zimplow says it is proceeding cautiously as it approaches the second half of the year, prioritising cash generation, cost reduction, and balance sheet maintenance.

In a trading update presented at the annual general meeting last week, Zimplow chief executive Vimbayi Ndakudya said the group would follow through in establishing capacity in factories, efficiencies in new operating units and safeguarding its market share in the depressed trading environment.

This came at a time when the group’s financial performance across all its operating segments was characterised by macro-environmental headwinds which affected sales of equipment in the five months to May 2023.

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