Varun Beverages Starts Carbonated Drink Production in Kinshasa DR Congo
Varun Beverages Limited's subsidiary, Varun Beverages RDC SAS, has launched production of carbonated drinks and bottled water in Kinshasa, marking a key expansion into Central Africa.
by Damodharan N
Updated Jul 22, 2024
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Varun Beverages Limited has announced that its wholly-owned subsidiary, Varun Beverages RDC SAS, has begun commercial production of carbonated soft drinks and packaged drinking water at its new facility in Kinshasa, Democratic Republic of Congo.
This new production line marks an important expansion for the company into the Central African market. The establishment of Varun Beverages RDC SAS was started in 2021
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Market Reaction
After the announcement at 10.48AM, the stock price opened at ₹1,559 at 10:48 AM. It dropped slightly to ₹1,554 by 11:15 AM but rebounded to ₹1,559 by 11:36 AM, where it fluctuated until 1:13 PM. Post 1:13 PM, the price rose to ₹1,560 and then experienced a notable increase to ₹1,570 by 1:30 PM.
It held steady at this peak until 2:14 PM before gradually declining to ₹1,562 by 4:00 PM. Overall, the price exhibited stability with a significant spike during mid-day trading.
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Varun Beverages
Varun Beverages Limited (VBL) is a leading player in the global beverage industry and one of PepsiCo’s largest franchisees outside the USA. Since its partnership with PepsiCo in the 1990s, VBL has expanded significantly, producing and distributing a wide range of carbonated and non-carbonated drinks, including Pepsi, Mountain Dew, Tropicana Juices, and Aquafina.
Operating in 27 states and 7 union territories in India, as well as Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe, VBL handles approximately 90% of PepsiCo's beverage sales volume in India.
The company is part of the RJ Corp group and has achieved several milestones, including new acquisitions and expansions into untapped markets like the Democratic Republic of Congo.
Varun Beverages Starts Carbonated Drink Production in Kinshasa DR Congo - FAQs
1. What recent announcement did Varun Beverages make?
Varun Beverages announced the start of carbonated drink and bottled water production in Kinshasa, DR Congo.
2. What is the new facility in Kinshasa for?
The facility will produce carbonated soft drinks and packaged drinking water.
3. When did Varun Beverages RDC SAS begin production?
Production started recently, marking an expansion into the Central African market.
4. When was Varun Beverages RDC SAS established?
Varun Beverages RDC SAS establishedwas established in 2021.
5. How did Varun Beverages' stock price react after the announcement?
The stock price fluctuated but showed a notable spike to ₹1,570 by 1:30 PM before settling at ₹1,562 by 4:00 PM.
6. What are the major brands Varun Beverages produces?
They produce Pepsi, Mountain Dew, Tropicana Juices, and Aquafina.
7. In how many Indian states and union territories does Varun Beverages operate?
VBL operates in 27 states and 7 union territories in India.
8. Which other countries does Varun Beverages serve?
Besides India, VBL serves Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe.
9. What percentage of PepsiCo's beverage sales volume in India does VBL handle?
VBL handles approximately 90% of PepsiCo's beverage sales volume in India.
10. Which conglomerate is Varun Beverages part of?
Varun Beverages is part of the RJ Corp group.
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