President to commission third production line at Varun Beverages

by | Oct 6, 2021 | Business | 0 comments

Hosia Mviringi


President Emmerson Mnangagwa is today expected to commission a third Cordial and Bottled Water production line at Varun Beverages Zimbabwe Private Limited in Harare.

Today’s the commissioning marks the third investment phase by the company, which is a progressive step towards making it the largest carbonated drinks manufacturer on the land.

Varun Beverages Private Limited Zimbabwe is the sole producer under franchise of all PepsiCo brands that include the flagship Pepsi Cola, Mirinda, Mountain Dew, Masala Soda, Everess, Sting, Gatorade, Seven Up and Slice Fizzy Drinks.

Varun Beverages Zimbabwe Private Limited is a key player in the beverages industry in Zimbabwe and it is one of the biggest PepsiCo franchises outside the USA.

The company has grown to become one of the biggest active employers in the beverages market, a significant earner of foreign currency through exports and a big contributor to the country’s Gross Domestic Product (GDP)

The company is among the companies that placed their trust in the Second Republic during its inception when they chose to set up shop in Zimbabwe back then in June 2018 when International Investment Capital Market was hesitant to come into the country due to restrictions caused by the illegal Western Economic Sanctions.

On December 10 2020 President Mnangagwa oversaw and commissioned the company’s second investment phase which saw a new US$20 million bottling line launched.

By then, the company had become an employer to more than 3000 direct employees in two major cities of Harare and Bulawayo in manufacturing and distribution.

President Mnangagwa has officiated the launch of all the developmental phases of this giant company and as such he is always eager to familiarise himself with developments and challenges the company faces daily.

His commitment is to see the company succeed as a way to pay the investors back for their faith in the Zimbabwean economy.

One of his thrust is to prove to the outside world that indeed Zimbabwe is open for business and that investments will be safe under his leadership.