3 reasons - portland cement zambia fell
TRANSCRIPT
3 Reasons why Portland Cement Zambia Fell
The Portland Cement Zambia has not
added a penny to its revenue this year.
The downfall began from April 2015 onward
when the Ventriglia family took over the
factory by force.
Though they are committing numerous crimes within the
factory premise, here are 3 biggest reason behind the
downfall of Portland Cement Zambia
#Reason-1
Excessive cash extortion from the factory cash box
#Reason-2
Removing workers from the factory. This eliminated the workforce
and hence, the production failed to reach its optimum output.
#Reason-3
Lack of Government Support. The innocent workers didn’t stand a chance in
front of the financially and politically strong Ventriglia family. Most of the cases
against the Ventriglia were either dropped or remained undecided
Thus, we see how the
cement plant was abused
by the Ventriglia family
under various context.
As of now, the asset of the factory has also been
leased to third parties which including transfer of
43 trucks and premise of the factory.
Some experts say that the factory has become beyond repairable and
hence, would be put down even if Ital Terrazzo Limited (ITL) decided to
leave the factory in its current position.