Chengeto Holdings (CHL) infrastructure development division PlantQuip Zimbabwe, is upbeat about the growth of its operations and market share in Zimbabwe.
By definition, a company’s market share is the percentage it controls of the total market for its products and services. Market share is an essential metric for any business because it is an indicator of a company’s profitability and success. For PlantQuip Zimbabwe, this measure is important as it signals dominance in the plant and equipment industry in Zimbabwe.
Market share can affect operations, pricing of products and services and for companies listed on the Zimbabwe Stock exchange, stock market performance. A growing market share therefore means growing revenue. A business can therefore scale up its operations and opportunity for greater profitability.
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“We have seen both the private and public sector investing into more construction projects despite the slaggard economy. Generally, both the private and public sectors have not ceased at anytime considering a home or property as an investment haven. Moreover, the focus the government is putting into infrastructure development in roads, dams and other infrastructure is of strategic importance to our growth. In mining, the ubiquity of minerals in Zimbabwe has led to more investment being channelled into the sector by both private and public players. This has constributed to us having this positive outlook”, pointed out Irenius Mhemba, the Founder and CEO of Chengeto Holdings
PlantQuip Zimbabwe is a business entity that hires out construction, mining and agriculture plant and equipment. It also sources new and used plant and equipment for individual and corporate clientele. Construction plant and equipment hired out includes earthmoving equipment like excavators, bulldozers, front end loaders, roller compactors, graders, tractor loader backhoes (TLBs and more.