Dairibord pursues low-cost model

DAIRIBORD Holdings (Dairibord) says it is pursuing a low-cost model to mitigate operating challenges, which have persisted despite improvements in the environment over the second half of 2020.

In its 2020 annual, the food and dairy products processor said price stability during the year positively impacted on the industry’s ability to secure inputs.
“Other positive developments included improved fuel and power supply in 2020, albeit at significantly increased cost, and the introduction of Statutory Instrument 85 of 2020 allowing companies to trade locally in both ZW$ and US$,” the company’s board chairman, Josphat Sachikony