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Diversified food producer, Innscor Africa Limited (IAL)’s bakery division, which recently commissioned a state-of-the-art operation in Bulawayo, recorded a firm recovery in loaf volumes, in the first quarter to September 30 2023, closing 39 percent ahead of the comparative quarter. In a trading update, IAL, said the comparative quarter had been impacted by raw material…
Innscor Africa reported volume growth across all core manufacturing business units in the third quarter ended March 31, 2022 despite challenges presented by resurgent inflationary pressures in the economy. The company is also into agribusiness to ensure reliable supply of raw materials to its factories. It is involved in contract wheat farming. However, the slow…
HARARE - Innscor Africa says it continues to roll out its US$70 million expansion programme with new investments spanning the beverages, milling, baking, protein, and packaging segments, which are scheduled for completion in the next financial year. Last year, the group approved the US$70 million investment to expand operations and build a new flour milling…