Dairibord invests US$2 million to double UHT filling capacity of cartonised beverages

ZIMBABWE – Zimbabwe’s leading milk processor, Dairibord Holdings, has invested US$2 million in additional Ultra-High Temperature (UHT) filling and packing equipment, which will double capacity for cartonised beverages by year-end. Recently, the food processing company invested about US$1.5 million into an ammonia plant, which has since been commissioned and the technology was expected to see growth in ice-cream production, improving product portfolio mix and margin performance going forward. In a trading update for the quarter ended September 30, 2021, the milk giant said the business was geared to take full…

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Zimbabwe’s largest dairy processor Dairibord to launch US$1.5m processing facility

ZIMBABWE – Zimbabwean milk processor, Dairibord Holdings, is set to commission a new US$1.5 million manufacturing plant. The facility which is nearing completion will produce ice cream and yoghurt as part of its expansion plan. According to reports by The Herald, the Zimbabwe Stock Exchange (ZSE) listed company, has not had a functional food manufacturing plant since it took the decision to decommission an old plant, to replace it with a new and more efficient one, as part of its renewed expansion drive. The latest initiative comes hot on the…

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Dairibord reports 54.5% rise in interim sales volumes triggering jump in revenue to US$11.6m

ZIMBABWE – Zimbabwe’s leading dairy processor, Dairibord Zimbabwe Limited (DZL), has show-cased a stellar performance in the first half year period ended June 2021, reporting a 65% rise in revenue to ZW$4.2 billion (US$11.6m) from ZW$2.5 billion (US$6.9m) registered in the corresponding previous year. The solid top line performance was a result of the 54.5% increase in sales volumes and moderate price adjustments to minimise margin compression. According to the company, demand was firm across all product categories, with sales volumes for the period being 54.5% above prior year, the…

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Merger talks between Zimbabwe’s largest dairy processors Dairibord, Dendairy collapse

ZIMBABWE – A multi-million-dollar historic merger between Zimbabwe’s largest and second largest milk processor by market share, Dairibord Holdings Limited and Dendairy, has been kicked to the curb. The planned transaction, according to NewsDay was first announced in July 2020 with DHL seeking to leverage on Dendairy’s strategic investments into production of dairy products and its access to the regional market. According to reports, in 2018, Dendairy started a project to expand operations at its Kwekwe plant, which would have seen the firm adding three new packaging lines to increase…

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Dairibord swings into loss despite 5% rise in revenue, shadowed by rising costs

ZIMBABWE – Dairibord Zimbabwe Limited (DZL), a leading dairy processor in Zimbabwe has reported a 5% rise in full year revenue for the year ended December 2020 to ZWL$5.2 billion (US$14.3m) from ZWL$5 billion (US$13.8m) reported in 2019. According to reports by News Day, the company’s earnings were boosted by local sales as export revenue was affected by border lockdown restrictions and was lower than the prior year by 6%. Despite the overall rise in earnings, the group’s sales volume was 12.5% below the previous year. The performance was particularly…

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Dairibord eyes bigger dairy market share in Zimbabwe as its Dendairy bid rolls on

ZIMBABWE – Dairibord Holdings Limited (DHL) is still in pursuit of acquiring and merging with fellow Zambian dairy firm Dendairy Private Limited, with the former issuing its 10th cautionary statement indicating that discussions were still ongoing. The planned transaction, according to NewsDay was first announced in July 2020 with DHL seeking to leverage on Dendairy’s strategic investments into production of dairy products and its access to the regional market. “Shareholders are advised that Dairibord Holdings Limited is still in discussion with an unlisted entity Dendairy (Pvt) Ltd for a merger…

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