The Chinese-owned Dinson Iron and Steel Company (Disco), the primary industry at the Manhize Industrial Park near Mvuma, Zimbabwe, has invested over US$2 billion to boost the country’s economic potential. This was revealed by Dinson Group Project Director Wilfred Motsi during the Mine Entra 2024 event in Bulawayo, where he discussed the economic benefits of steel sector development and value-addition.
Dinson, a subsidiary of Tsingshan Group—the world’s largest stainless steel producer—aims to drive the growth of Zimbabwe’s steel industry. Tsingshan controls the entire production chain, from smelting nickel-chromium alloys to producing energy storage systems for global markets.
Motsi highlighted that Dinson employs over 185,000 people worldwide, with its Zimbabwe operations strategically positioned in southern Africa. The steel plant will employ 95% Zimbabweans, with 90% of the workforce drawn from local communities.
The plant’s first phase will produce 600,000 tonnes of steel annually, including products like rolled wire and steel bars, targeting both domestic and international markets with competitive pricing and reliable service.
Dinson is also investing in sustainable industrial infrastructure, including power supply, water resources, and transport systems like roads and planned rail infrastructure. The company is working toward securing Special Economic Zone status to streamline business operations.
Motsi emphasized that, beyond job creation, Dinson aims to increase export revenues, improve the trade balance, and support import substitution to attract further foreign direct investment.
While challenges such as raw material availability, energy costs, and market fluctuations exist, the company remains committed to transforming Zimbabwe’s steel industry and becoming a significant player in the African and global markets.
