date:Feb 26, 2020
in the construction of new factories. This expansion started in 2014, bringing total investments to EGP 500 mln (29.5 mln).
The company had pumped EGP 112 mln (6.6 mln) in investments last year to establish the fourth factory, and it is scheduled to open next June, with a production capacity of 10,000 tonnes annually. This factory's entire production will be allocated for export.
According to data from the Food Export Council, exports of frozen vegetables jumped 20% last year to reach $120m, c