Varun Beverages, the PepsiCo bottler, has announced the investment of $48.2 million in its South African subsidiary BevCo.
Varun Beverages finalised the acquisition of BevCo last year, and the company is now reportedly acquiring additional share capital of 2.42%.
The decided to create two new production lines in Zimbabwe, one which is expected to produce 340 bottles of soft drinks per minute,and another projected to produce 400 bottles of water under the Aquaclear brand.
BevCo is the PepsiCo bottler for South Africa, Lesotho, Eswatini and also has the rights to distribute in Botswana and Namibia.
Source: Trendtype
