The company said, in its latest financial results statement, that the new bottling line, which is expected to start running by late September this year, would replace the 20 year-old equipment currently doing work.
The new bottling line, made to the highest international standards, will have capacity to produce up to 42 000 340ml-pint and 375ml bottles per hour.
Investors said the new bottling line had made the Zimbabwe Stock exchange-listed company attractive to investors.
This massive increase in volume also comes at a time when Delta traditionally makes most of its revenue i.e. summer and the festive season. Investors should expect improved earnings at the end of this current year, said Kingdom Stockbrokers.
The company has, over recent months, lost beer market share to imported lagers which resulted in its market share going down to 55 per cent. The soft drinks market share had also been lost to imported beverages.
The company operated 12 000 outlets at its peak but currently only 4 000 outlets are active.Post published in: Economy