Anita's Natural Hair Care

Anita's Natural Hair Care

Products and Services for natural hair. Henna, Indigo, Hair Growth Oil, Antibreakage Treatments, Dandruff Treatments, Deep Moisture Treatments.

Open
HomeBusiness

Varun Beverages Plans To Set Up Production Units For PepsiCo In Zimbabwe

8 months agoMon, 15 Jul 2024 13:25:06 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Varun Beverages Plans To Set Up Production Units For PepsiCo In Zimbabwe

Varun Beverages Ltd, a franchise partner of PepsiCo, has announced that its two subsidiaries plan to enter into an agreement with the multinational food and beverages giant to manufacture, distribute, and sell the snacks brand “Simba Munchiez” in Zimbabwe and Zambia, reported Business Standard.

According to a regulatory filing by Varun Beverages Ltd (VBL), the company plans to set up manufacturing units in Zimbabwe and Zambia, entailing an investment of US$7 million.

Through its subsidiaries – VFZ Varun Foods (Zimbabwe) Pvt Ltd (VFZ) and Varun Beverages (Zambia) Ltd (VBZ), VBL has discussed with PepsiCo to further strengthen and expand the latter’s footprint in the snacks portfolio within these two African markets.

The company has discussed with PepsiCo to enter into an exclusive snacks franchising appointment with Premier Nutrition Trading LLC, a PepsiCo Inc. subsidiary based in Dubai.

This agreement will authorize VBL’s subsidiaries to manufacture, distribute, and sell the “Simba Munchiez” snacks brand in Zimbabwe and Zambia. It said:

Click here: Pindula WhatsApp Channel
wa.me/channel/0029Vb4GVea90x2nCSDImS1b

 

As per the understanding, an estimated investment in the manufacturing facility would be around USD 7 million (around Rs 60 crore) for an annual capacity of 5,000 MT for manufacturing of Simba Munchiez in multiple SKUs (stock-keeping units) at each location of Zimbabwe and Zambia.

The company also said the franchising appointment will be effective on or before October 1, 2025, for Zimbabwe and April 1, 2026, for Zambia, once the respective manufacturing facilities come into operation.

More: Pindula News

Tags

19 Comments

zl · 7 months ago
our traditional snacks are being relegated to the dustbins.We are embracing foreign foods at the expense of ours
Povo... · 8 months ago
but varikuziva here kuti our leaders are planning kubvisa USD zvachose ? ndorikufayisa zvinhu ..
Calvin Kavhai · 8 months ago
Re-industrilizing is the only way to go. At least more opportunities will be created for people of Zim👏👏
Astrology · 8 months ago
I can witness that pane place yavavarikuda kutoita rent in chegutu this month t
😁 · 8 months ago
ndaoona ta enjoya 🤤😭
KG · 8 months ago
movaudzawo vaisasiye mazimhepo voitawo bepa diki
Tkt · 8 months ago
😁😁 😂😂😂😂😂
warning ⚠️ · 8 months ago
kana zvichiitwa ne7 million ko irikubiwa nemkuru
mhofu · 8 months ago
7 million iri kuiswa yopa vanhu basa voshanda kwemakore vozvopihwa pension kweupenyu hwese 87 million yakadyiwa nevarume vaviri
Threeyellowcees · 8 months ago
Ndo madhiri anosimudzira nyika aya. Kwete zvaana Wicknell naana Chimombe zvekutungana kwembudzi
Mwanakomana · 8 months ago
Malays mhepo yega yega
idud · 8 months ago
Nibbles killed Chompkins
jfjf · 8 months ago
chompkins will broke down kikik
✨✨✨ · 8 months ago
No pepis and lays no food we are waiting
...,. · 8 months ago
our money will go to dubai

Leave a Comment


Generate a Whatsapp Message

Buy Phones on Credit.

More Deals
Feedback