Innscor’s US$160m capex bet pays off

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INNSCOR Africa has significantly boosted volumes across its major business units in the just-concluded fiscal year to June 30, 2024, and is now beginning to realise the benefits of its US$160 million investment in capacity expansion over the last three years.

The Victoria Falls Stock Exchange (VFEX)-listed conglomerate, with operations spanning across light manufacturing, distribution and retail sectors, announced an ambitious US$160 million extensive capital expansion program in 2021 that was meant to augment its production capacities at all its subsidiaries.

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