Varun Beverages plans to set PepsiCo unit in Zambia, Zimbabwe
Manufacturer of bottles and distributes beverages Varun Beverages Ltd (VBL) has plans to set up manufacturing units in Zimbabwe and Zambia with an investment of around Rs 60 crore. The subsidiaries of VBL, VFZ Varun Foods (Zimbabwe) (VFZ), and Varun Beverages (Zambia) (VBZ) plan to enter into an agreement with PepsiCo to manufacture, distribute and sell snacks brand Simba Munchiez in Zimbabwe and Zambia.