- Colcom Holdings is investing in upgrading and modernizing its factory operations to improve efficiency
- Colcom's Triple C Pigs and Colcom Foods divisions registered solid volume growth during the quarter under review
- The group is focusing on containing costs, maximizing capacity utilization and adaptation to economically friendly strategies
Harare-Colcom Holdings, a subsidiary of Innscor Africa, is investing in upgrading and modernizing its factory operations to improve efficiency. The company is involved in the production, processing, and marketing of pork and other protein-based food products in Zimbabwe.
According to a recently released trading update for the quarter ending March 31, 2023, Colcom Holdings is upgrading and modernizing its factory operations at the Coventry Road site in Harare. The company is also investing in expanding its upstream piggery operations, with plans to commission a new feed mill at Triple C Pigs in the next quarter.
During the quarter under review, Colcom's Triple C Pigs and Colcom Foods divisions registered solid volume growth, primarily driven by the fresh pork category, which saw a nine percent growth over the comparative nine-month period. Additionally, pig production continues to improve, with overall pig supply registering a three percent growth over the comparative period.
In 2018, Colcom delisted its shares from the Zimbabwe Stock Exchange (ZSE) after Innscor assumed full ownership of the pork and meat processor.
Innscor Africa remains focused on sustaining volume growth and maximizing capacity utilization in new investment areas. The group is also focused on containing costs, employing efficient route-to-market strategies, and adapting trading models to suit uncertain economic conditions.
Despite the challenges posed by inflationary pressures and currency instability, Innscor Africais committed to achieving its investment objectives and ensuring the long-term success of its operations. The group recognizes that the short to medium-term outlook is uncertain, particularly in formal trade, but remains confident in its ability to navigate these challenges and maintain its position as a leading producer and marketer of high-quality food products in Zimbabwe.
Equity Axis News