Dairibord plans budget for Chipinge plant

Chipinge.

Dairibord group chief executive Mr Anthony Mandiwanza told the firm’s annual general meeting yesterday that the US$10 million earmarked for capital expenditure would come from borrowings and own resources.

The plant, which produces mainly for rural markets, accounts for 18 percent of Dairibord’s volumes. The rehabilitation of the plant would enable Dairibord to produce sterilised milk at a fairly low cost rate than at present and ensure adequate throughput for the domestic and foreign markets.