Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  The Coca-Cola Company    KO

THE COCA-COLA COMPANY

(KO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Coca Cola : Schweppes to Resume Production of Mazoe

share with twitter share with LinkedIn share with facebook
share via e-mail
02/14/2020 | 08:11am EDT

SCHWEPPES Zimbabwe Limited will soon resume production of its iconic Mazoe Orange Crush brand, with the product expected on the market within the next month, after the company secured a steady shipment of raw materials from Turkey, the businessdigest can report.

Production of the enduring 88 year-old iconic drink, that occupies a pride of place on the shelves of most retail outlets in the country and beyond, ground to a halt last year over a US$10 million debt Schweppes owed to the Coca Cola Company for unpaid deliveries of key raw materials. Though oranges which make the juice are produced locally, the Coca Cola company supplies Schweppes with key raw materials that include concentrates.

Subsequently, Zimbabwe endured a dry festive season, as most retail outlets ran out of one of the country's remaining products which still command global appeal.

A company source last week told the businessdigest that it had taken delivery of a sizeable shipment of concentrates from Turkey, following negotiations with suppliers from that country, with the Mazoe Orange Crush juice expected on the market within the next month.

"As Schweppes, we are pleased to announce that following negotiations with suppliers in Turkey. We will be receiving shipments of concentrates which are a key ingredient in the production of Mazoe Orange Crush. The product will be back on the market within the next month," the source said, highlighting that the company was geared to produce the popular product.

Schweppes, the source said, was now engaging with local farmers to ensure the consistent production and supply of oranges, which constitute the key raw material of Mazoe Orange Crush.

Schweppes exports Mazoe Orange Crush to various countries, which include Namibia, Zambia, South Africa and Botswana.In 2018, there was an uproar on the market when Schweppes tweaked its Mazoe orange recipe to reduce sugar levels.

The new recipe did not appeal to consumers, who demanded the company to restore the original manufacturing formula.Schweppes Zimbabwe then bowed down to pressure from customers and promptly pulled the new product off the shelves while pledging to bring back the original Mazoe Orange Crush taste.

Mazoe Orange Crush has been part of Zimbabwean history since the 1930s, with strong roots in the Mazowe Valley where one Arthur Sturgess, a drink factory owner from Bulawayo, christened the concentrate drink at the peak of colonial settlement in Zimbabwe. Since then, the brand has over the years become part of the country's heritage, that is purchased by numerous households nationwide.

Copyright Zimbabwe Independent. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on THE COCA-COLA COMPANY
03/25COCA COLA CO : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
03/25COCA COLA : Up Over 8%, On Track for Largest Percent Increase Since October 2008..
DJ
03/24COCA COLA : Our Statement on the Postponement of the Tokyo Olympic Games
PU
03/21COCA COLA : Johanne Masowe Church Leaders Gather Congregants to Tell Them to Sto..
AQ
03/20Carnival, MGM Resorts rise; Ford, AT&T, Coca-Cola fall
AQ
03/20COCA COLA : Withdraws 2020 Guidance Over Covid-19 Worries
DJ
03/20COCA COLA CO : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
03/18COCA COLA : Down Over 10%, on Pace for Largest Percent Decrease Since August 199..
DJ
03/16COCA COLA : DBRS Morningstar Confirms The Coca-Cola Company's Issuer Rating at A..
AQ
03/13THE COCA-COLA COMPANY : Ex-dividend day for
FA
More news
Financials (USD)
Sales 2020 36 892 M
EBIT 2020 10 337 M
Net income 2020 8 928 M
Debt 2020 32 169 M
Yield 2020 3,73%
P/E ratio 2020 22,3x
P/E ratio 2021 20,4x
EV / Sales2020 6,02x
EV / Sales2021 5,73x
Capitalization 190 B
Chart THE COCA-COLA COMPANY
Duration : Period :
The Coca-Cola Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE COCA-COLA COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 54,10  $
Last Close Price 44,25  $
Spread / Highest target 46,9%
Spread / Average Target 22,2%
Spread / Lowest Target -0,56%
EPS Revisions
Managers
NameTitle
James Quincey Chairman & Chief Executive Officer
Brian John S. Smith President & Chief Operating Officer
John Murphy Chief Financial Officer & Executive Vice President
Nancy W. Quan Chief Technology Officer & Senior Vice President
Wamwari Waichungo Vice President-Scientific & Regulatory Affairs
Sector and Competitors
1st jan.Capitalization (M$)
THE COCA-COLA COMPANY-20.05%189 983
KEURIG DR PEPPER-16.17%34 865
SUNTORY BEVERAGE & FOOD LIMITED2.04%12 181
TINGYI (CAYMAN ISLANDS) HOLDING CORP.4.07%8 892
COCA-COLA HBC AG-32.28%7 424
ARCA CONTINENTAL, S.A.B. DE C.V.-4.07%6 810