BDC injects P108m into Lobatse Tile

This follows the injection of P108m into the company for expansion and modernisation by the Botswana Development Corporation (BDC) last June.

The BDC decided to increase its investment in the company because of overwhelming demand for its product in the SADC region. LTL is a 100 percent BDC subsidiary that manufactures Italian ceramic floor tiles for both the local and export market. Its General Manager Elio Russo, who was in the company of the Chief Financial Officer Gil Cabarrubia for the Mmegi interview, said the new production line is expected to be in commercial operation within the next six months and that the plant is expected to create an additional 90 jobs. LTL currently has 122 employees.