Mutarisi’s multi-million dollar empire

Entrepreneur and philanthropist Tinashe Mutarisi continues to flex his business muscle with a mazing innovations and massive investments into his multi-million dollar empire The businessman, who sits on boards of various institutions among them financial and industry regulatory players, has demonstrated his acumen with milestones despite the prevailing economic conditions Mutarisi, who rose from humble beginnings to become a respected business player, on Wednesday launched a US$1,1 million decorative paint manufacturing plant bought from Plascom Botswana Speaking on the sidelines of the launch, Mutarisi said his hunger for success in pursuit of excellence has carried him this far

“I have an undying quest for excellence and growth and I don’t give up in the face of challenges,” he said “Growing up life wasn’t easy but I am happy that my business interests continue to scale new highs “This new plant is an expansion of an already existing plant, which we launched years back at a US$3 million market value “This new project is a testimony to our drive and commitment to excellence and we hope to continue giving the best paint products and services on the market.”

Nash Paints started operations in 2006 and has continued to grow in leaps and bounds, producing high quality industrial, decorative, wood and automotive paints

“We started operations as a retailer of paints products at number 17 839 Tilco Road, Chikwanha shopping centre in Chitungwiza before growing into the celebrated empire that we have become with a nationwide network of branches as well as presence in Zambia and Botswana,” Mutarisi said “We are grateful for the continued support and confidence from the market and we hope to continue as a market leader and brand of choice in Zimbabwe and beyond.”

Mutarisi said the new plant has spelt good times for his business with production levels surging particularly given the ongoing housing for all drive by both private and public sector players “The plant was bought in April 2022, and installation was completed on July 1,” he said “In July decorative paint production volumes grew by 127% translating to a production capacity of 35% for the new plant

“With the government through NDS1 projecting a growth of 17% within the construction industry with support from the private sector, we project the exponential growth trajectory to continue month on month to an optimum plant capacity utilisation of an average of 80% by December 2022.

Source: The Standard Zimbabwe