Ever since the Zambezi Portland Cement has been running under the management of Ital Terrazzo Limited, it has been obvious that neither the workers not the economy of Zambia have been benefitted from the same. There have been incidents where the workers have been dismissed on account of lack of work in the factory. Now to ascertain the truth, how can a factory have less work for its workers when in the past year it surpassed its existing forecasted output by almost 1,00,000 tonnes.
Going back to 2014, one can clearly see that Zambezi Portland Cement was one of the best performing industry in Zambia and had registered remarkable profits and surplus production. But within a matter of months, the factory was taken up by the Ventriglia family in their typical mafia style and since then, they have been controlling all the operations of the factory. During their management period, the factory ran into losses for the first time, the workers lost their jobs and now it is on the verge of being of shut down as the production has stopped from December 2015.
From the actions of the Ventriglia family, it is evident that they have not come in Zambia to develop their business or to run a profitable organization. They have simply come over here to loot the riches and go back to Italy where they run their own set of businesses. For long, they have been planning to exploit the resources of Zambia with a view to get personal gains, but it was only possible when entities like Zambia Reports started supporting them in return for some good cash. The end result is that the factory has hardly anything left in it and is on the verge of collapsing. The only questions that every resident of Ndola wants to know is when will Zambezi Portland Cement shut down permanently?