Nitrogen Chemicals to be privatised

Comments attributed to the Zambia Development Agency (ZDA) indicate that the Nitrogen Chemicals of Zambia (NCZ) will soon be privatized.
A ZDA official was quoted on ZNBC Sunday saying that several international bids have been received to buy NCZ based in Kafue town.
NCZ is a manufacturer of fertilisers and industrial chemicals and is wholly-owned by the Government of the Republic of Zambia. NCZ main line of business has the manufacture of Ammonium Nitrate for further processing into explosives for the mining industry. According to public information written by ZDA, Operational difficulties attributed to design deficiencies and other factors including loss of market following the liberalization of the fertiliser market, increased production costs and lack of working capital causing the closure of the Ammonia and Ammonium Nitrate plants in 1991 and 2002, respectively.
ZDA abd its forerunner ZPA have so far shied away from selling NCZ mainly due to political reasons. ZDA has only been saying:
“NCZ is available to investors capable of recapitalising the company and bringing it back into profitable production.”

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