ZAFFICO PLC:
Supporting Zambia’s Economic Growth
Zambia Forestry and Forest Industries Corporation PLC (ZAFFICO) is Zambia’s largest exotic forestry company. Its business focus is to establish and manage pine and eucalyptus plantations, harvest timber, and commercially process it for supply to the local and foreign markets.
The Corporation was incorporated in September 1982 following the commercialisation of the Industrial Plantations Division (IPD) of the Forestry Department under the then Ministry of Lands and Natural Resources.
In February 2020, ZAFFICO was listed on the Lusaka Securities Exchange (LuSE) and trades under the symbol “ZFCO.” The Industrial Development Corporation (IDC) holds 63% of the Corporation’s shares, and institutional investors, the general public, and ZAFFICO employees hold 37% of the remaining shares.
The Corporation’s pine and eucalyptus plantations cover a gross area of 62,187 hectares in the Copperbelt, Luapula, Muchinga, Northern, and North-Western Provinces. The Copperbelt Province has the highest gross area, at 53,148 hectares.
The Corporation also operates a Pole Treatment Plant (PTP) in Kalulushi district, Copperbelt Province, with an output capacity of 140,000 treated poles annually. The plant produces poles used for power transmission, fencing, and construction.
Our Products
Roundwood: The Corporation offers pine and eucalyptus roundwood to sawmillers who produce and supply timber to the market.
Seedlings: We also offer high-quality pine and eucalyptus seedlings to the public, which have proven to be better-performing exotic tree species within the local climate and ecological conditions.
Treated Poles: We offer high-quality creosote and tanalith-treated poles, which are mainly used for transmission, construction, and fencing.
Investment
ZAFFICO has continued to invest in sustainable forestry management, focusing on plantation expansion, value-addition, and mechanisation to grow and sustain our business and stimulate Zambia’s economy.
To satisfy the increasing demand for timber and timber products, the Corporation will expand its forest plantations by an additional 50,000 hectares in the next three years.
In addition, to enhance productivity at the Pole Treatment Plant, meet customer needs, and maximise revenue generation, the Corporation set up an additional creosote treatment line and wooden pole drying kiln in 2023. The two initiatives will increase pole productivity to 240,000 per annum and improve operational efficiencies in the pole drying process.
ZAFFICO supports key sectors, which include construction, agriculture, energy, manufacturing, and processing.
