Varun Beverages to set up production units for PepsiCo's snacks brand in Zimbabwe, Zambia

Varun Beverages Ltd's subsidiaries plan to manufacture, distribute, and sell PepsiCo's 'Simba Munchiez' snacks in Zimbabwe and Zambia. They will invest $7 million to set up manufacturing units, with operations starting by October 2025 in Zimbabwe and April 2026 in Zambia. The move aims to expand PepsiCo's snacks footprint and leverage VBL's distribution capabilities