Bidco partners with Dutch company to raid the Kenya juice market.
Bidco Africa and Denmark’s Co-Ro, one of the world’s leading
providers of fruit-based soft drinks, have launched Sunt9op juices into
the Kenyan market.
Co-Ro will work with Bidco under a joint venture dubbed
BidCoRo.
BidCoRo has launched four new varieties of Suntop juice
including Orange, Mango, Berries and
Blackcurrant in packs targeting every
consumer group from the 1 litre family pack, a 250 milliliter pack and a 125
milliliter pack for younger children.
The Suntop juice, contains natural fruit juice, is enriched
with vitamin C and contains no preservatives, artificial colors, flavoring or
sweeteners.
The company plans to produce over 8 million litres of Suntop
in its first full year to serve Kenya and the export market. It has
already over employed 50 employees, a number it will increase once demand and
production subsequently increases.
“We have developed our range for different occasions, so we
have a small portion pack for on the go, a larger portion pack for those that
are a little thirstier and then a family pack for at home,” said Dave Alford,
the Chief Operating Officer of BidCoRo.
“Our plans are ambitious and we hope to be able to supply
not only Kenya but its neighbouring countries from our new factory,” revealed
Dave.
Speaking during the launch, Bidco Africa Chairman Vimal Shah
said the partnership would create the region’s largest producer of fruit-based
soft drinks and other refreshments.
“Both parties bring world-class capabilities and a history
of success to the partnership – Bidco
with their great knowledge of and insight into the Kenyan consumer, and our
fantastic sales and distribution network, and CORO with their brand building
history and expertise, particularly in the MENA region,” he said in Nairobi on
Tuesday.
The launch of BidCoRo is part of Bidco’s expansion plans
that will see the company enter new product categories as it seeks to grow its
annual turnover to over USD 1 billion.
The plan will see three new factories commissioned this year
at the new Bidco Industrial Park in Ruiru as part of the first phase of
development, with the second phase comprising an additional six new factories
set to be built over the next four years.
BidCoRo is a 50-50 joint venture between Bidco Africa of
Kenya and CO-RO A/S of Frederikssund, Denmark. CO-RO A/S is owned by the CO-RO
Foundation, which is a commercial foundation.
CO-RO was founded in 1942 by Jep Petersen and currently has
about 1,200 employees in Denmark, Asia and the Middle East.
Founded in 1970, Bidco employs over 2,000 workers.
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