SUGAR producer Starafricacorporation subsidiary, Gold Star, has clinched a major deal that will boost its operations through supplying sugar to The Coca Cola Company (TCCC) in the region and beyond.
TCCC is a leading beverages manufacturing firm that has footprints across Africa and beyond.
In a statement accompanying Starafricacorporation financial results for the year ended March 31, 2021, the group said:
“post-year end, Gold Star Sugars Harare (GSSH) was also given full authorisation by TCCC for bottler ingredient supply to the whole of Africa.
“This will open new markets for GSSH and pave the way for sugar specialty products to be exported into the region and beyond.”
During the year under review, Starafricacorporation said GSSH’s production was adversely affected by an increased plant breakdown profile.
“The business unit sold 60 386 tonnes against 63 993 tonnes sold last year. The 5,6 percent drop in sales volumes is largely attributable to interruptions to production due to Covid-19 related factors and plant downtime.
Demand for our products remained strong with volumes constrained only by production challenges.
“A comprehensive capital investment strategy and equipment maintenance plan are now in place and will be implemented at an accelerated pace now that the business has returned to viability.
“This will have a positive impact on plant availability, which will improve productivity and profitability in the ensuing year. The plant continued to be certified by TCCC as well as Food Safety System Certification under the FSSC 22000 series,”
said Starafricacorporation. – @okazunga