PCL explores viable investment opportunities
Dual-listed conglomerate Press Corporation Limited (PCL) has said it is exploring viable investment opportunities as part of its growth and sustainability strategy.
PCL chief executive officer George Partridge said this in Blantyre on Wednesday during the official opening of Spar Ginnery Corner Shop.
He said the conglomerate will take advantage of the economic rebound for expansion.
Said Partridge: “We are talking to a lot of partners and some of these are under the terms of confidential basis.
“As for the fishing business, we are still looking at a technical partner to help us with advanced models after which they will leave us,” said Patridge.
On the opening of the Spar shop, which is the third in the PTC brand, Partridge said with prospects of economic growth, the company is optimistic of good turn around.
“We believe that the economy is growing and we believe that there will be more disposable income and we will grow along,” he said.
According to Partridge, the new shop, located opposite the Malawi Polytechnic, sits on a 2 000 square metre space floor. He however did not disclose the amount of investments that PCL, under the PTC brands has invested in the shop.
In his remarks, a representative for Spar International Business Development, Keith Heywood, said the company is confident that PTC will grow the Spar brand in the country.
Among other things, the shop will stock fresh produce, bakery, food, alcoholic beverages and meat products.
Spar International is in 38 countries across the world.
