Mnangagwa commissions $30m Pepsi plant

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By Agencies

President Mnangagwa commissioned a US$30 million Varun Beverages plant in Harare and called more foreign companies to be a share of the country’s new economic drive objective at upgrading people’s living standard and building a middle-class economy by 2030.

Varun Beverages is an auxiliary of global player RJ Corp. The firm manufactures Pepsi products, among other beverages like Miranda and Mountain Dew.

It has operated cost across Africa.

The Varun Beverages plant has the efficiency to manufacture 600 000 bottles of soft drinks daily.

It started to operate locally, Varun Beverage Group aggressively infiltrated the market, forcing competitor in the same industry to lower their prices.

The President stated, “Let me once again invite more companies, both local and foreign to join us on this journey of progression and a new wave of prosperity for all the people of Zimbabwe”.

While this input attests to the steady growth attractiveness of our business climate to investors from far and wide, my Government is continually monitoring our investment climate to ascertain that it remains conducive and open for business to grow and flourish.

We are indeed confident that this investment will be a significant contributor to the economic development of our country via the manufacture of both upstream and downstream employment chances which will impact on the standard of living of numerous families across the province.