Business / Companies
Delta Beverages investing $13 million in Zimbabwe
25 Jul 2011 at 04:31hrs | Views
BEVERAGES manufacturer Delta Corporation says it will invest US$13 million to install bottling equipment for returnable glass at its Southerton depot.
Last year, Delta announced it would invest US$160 million in new bottling lines and packaging glass to boost capacity utilisation.
Delta corporate affairs manager Mr George Mutendadzamera said investing in a new bottling plant was critical to enhance competitiveness.
"The equipment has the capacity to produce 600 000 hectolitres or 42 000 kingsize bottles per hour and improved variety of packs," he said.
"The bottling plant is expected to increase performance significantly and will support the company's volume recovery as well as increasing production in the country," he added.
Meanwhile, Mr Mutendadzamera said the new plant in Graniteside would be operational by the end of next month.
He said the reversal of the increase in the retail price of soft drinks from 60 to 50 cents was in line with regional prices.
"The price of sugar has a significant bearing on the prices of the imported concentrates," he said.
"This price adjustment takes into account the difficulties in arriving at precise price points which results in retailers rounding up prices for ease of change during transactions."
Delta recorded sales revenue of US$408 million for the half-year that ended in February this year compared with the same period last year when it earned US$281 million.
Last year, Delta announced it would invest US$160 million in new bottling lines and packaging glass to boost capacity utilisation.
Delta corporate affairs manager Mr George Mutendadzamera said investing in a new bottling plant was critical to enhance competitiveness.
"The equipment has the capacity to produce 600 000 hectolitres or 42 000 kingsize bottles per hour and improved variety of packs," he said.
Meanwhile, Mr Mutendadzamera said the new plant in Graniteside would be operational by the end of next month.
He said the reversal of the increase in the retail price of soft drinks from 60 to 50 cents was in line with regional prices.
"The price of sugar has a significant bearing on the prices of the imported concentrates," he said.
"This price adjustment takes into account the difficulties in arriving at precise price points which results in retailers rounding up prices for ease of change during transactions."
Delta recorded sales revenue of US$408 million for the half-year that ended in February this year compared with the same period last year when it earned US$281 million.
Source - New Ziana
