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Business Reporter
Colcom Foods, a unit of diversified industrial conglomerate Innscor Africa, has commenced an extensive investment programme, which will initially focus on further expanding pig production.
This is expected to consolidate its market share. According to the group, the initiatives will be complemented with investment in a factory upgrade programme, which will significantly enhance volume, production efficiencies and overall product quality.
Innscor has indicated that focus, going forward, will be on generating sufficient cashflows for working capital pipelines and expansion projects.
Capacity-deepening investments to the tune of US$56 million straddled into the current financial year with new production lines set to augment volumes growth
Colcom is a long-established meat-processing company and is the country’s leading pork producer with an abattoir and factory at the Colcom Complex on Coventry Road in Harare.
The company also has a joint venture producing beef products. The firm processes over 100 000 pigs annually with the bulk of its pig supply sourced from its own farm, Triple C Pigs, but it supplements this with purchases from third-party producers.
During the half-year to December 31, 2022, the Colcom division, comprising Triple C Pigs and Colcom Foods, continued its positive growth trajectory and recorded a volume growth of 6 percent over the comparative period, with solid contributions from both the fresh and processed pork categories.
Triple C’s performance was exceptional, following the continued focus and investment to secure improved genetics, dietary optimisation, and efficient animal housing infrastructure.
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