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Rainbow, Zambeef join forces in Zambia

May 30 2013 11:43 I-Net Bridge

(File) (Shutterstock)

Company Data

RCL Foods Limited [JSE:RCL]

Last traded 15.95
Change -0.05
% Change 0.00
Cumulative volume 2000
Market cap 14.83bn

Last Updated: 22/10/2014 at 10:40. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Rainbow Chicken [JSE:RBW] said on Thursday it has reached an agreement with Zambeef to establish a joint hatchery operation in Zambia.

The agreement includes the establishment of a broiler parent stock rearing‚ laying and hatching operation for the supply of day old chicks. 

Rainbow and Zambeef will own 51% and 49% of the new Zamhatch business respectively. 

According to Rainbow Chicken the business is expected to be operational within the next two to three years.

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rainbow chicken  |  zambia  |  food industry
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