The story of Zambezi Portland Cement Factory

The Zambezi Portland Cement Factory has been the center of discussion in Ndola for the past one and half month. There has been a constant rift between the Finsbury Investments and the Ventriglias regarding the ownership of the factory. On one hand the Finsbury Investments, headed by Dr. Rajan Mahtani, have evidences to show that they are the actual owners of the cement plant with a stake of 58%, the Ventriglias, on the other hand, claim that the signature on the share transfer certificates are forged.

ZPC

According to the official records of PACRA, Finsbury Investments are the legal owners of the ZPC, but with the help of bandit goons the Ventriglia family did manage to take over the management of the cement plant in the early hours of April 7 2015, Since then, the Ventriglia family and Zambia Reports have managed to publish numerous articles where they have claimed that they are the legitimate owners of the factory and Dr. Mahtani has no right to interfere in the management of the company.

When it comes to daily operations, it was heard that the workers of ZPC were not paid a salary for the month of April by their new owners and are now ill-treated. The situation in the plant is getting worse every single day and a major credit for such pathetic condition goes to the new management group- The Ventriglias!