Johannesburg, South Africa (ADV) – VARUN Beverages Zimbabwe who previously invested US$50 million in Zimbabwe is keen on putting more money into the country, African Daily Voice has learnt.
This came into light after Pepsi brand disclosed their plans to invest US$150 million in the country in the next five years as it seeks to increase production and expand market share.
“We have a vision of investing US$150 million in the next five years in Zimbabwe,” said the Chief Operating Officer and Executive Director of Pepsi, Vijay Kumar Bahl, who was in the country last week.
“We have invested US$50 million in Zimbabwe and we are still investing more. We started with one production line and we have added capacity by 150 percent more and today we have capacity to produce 36 million bottles in one month.
“We are looking at opportunities of adding more production lines of beverages and cans etc so that we can provide our consumers in Zimbabwe with a complete liquid refreshment beverage,” said Bahl.
Bahl also added that they are planning to spread their wings countrywide in the country.
“We are looking for opportunities in the next five-six years to do some food processing into any fast moving consumer goods category. So, since we are open for investment in Zimbabwe, the geography does not matter, we are open to any strategic location which offers us opportunities,” he said.
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