ZIMBABWE – TN Holdings’ beverage unit has invested almost US$1.5 million in a new beverage plant that will see increased production with a long term goal of increasing market share for its products.
The Herald reported that the funding has also been invested in new equipment at the plant, expanding capacity for its Mr Juicy and Mahewu Premier Plus products as it focuses on an expanded footprint in the beverages.
The beverages company was acquired for US$1.2 million by Mr Nyambirai, a commercial lawyer who ventured into the corporate world in 2001 when he founded TN Financial Holdings Limited.
Since the acquisition, Nyambirai said he has made investments in a completely new processing plant both on the juice side and the Mahewu side.
“The total investment into new equipment is approximately US$1.5 million.
I have built a new plant in Glen Forest and that is going to be the new home for Premier Plus Mahewu.
We believe that in less than three months we should have opened it,” said Mr Nyambirai.
To deliver on its expansion strategy, the company is looking forward to improved market share going into the future.
Apart from holding a unique banking model that leveraged on retail businesses, technology, and people skills, the company ventured into fast food business through its TN Grill brand.