Saudi food company Almarai secures US$100m funding to expand subsidiaries

SAUDI ARABIA – Almaria, the Gulf’s leading dairy company based in Saudi Arabia, has secured US$100 million funding from the European Bank for Reconstruction and Development (EBRD) to boost operations of its subsidiaries. Almaria intends […]

Huhtamaki acquires 70% stake of South Africa based Everest Flexible

SOUTH AFRICA – Huhtamaki, a global food and drinks packaging firm based in Finland is set to acquire a majority stake of 70% in South Africa-based flexible packaging manufacturer, Everest Flexibles for approximately €58 million […]

USDA projects increase in consumption of wheat, corn in Egypt

EGYPT – According the Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA), consumption of wheat and corn in Egypt is forecast to increase in 2019-2020 due to population growth and increase […]

Egypt’s Dina Farms to invest US$22.4m in expanding dairy, feed production capacity

EGYPT – Dina Farms, Egypt’s largest private sector farm has announced a US$24.4 (EGP400 million) investment in its dairy farm and associated segments over the next three years to expand its production capacity. The investment […]

Huhtamaki’s new facility in Egypt receives highest rating in BRC audit

EGYPT – Huhtamaki’s new flexible packaging unit in Egypt has received the highest rating of AA in a British Retail Consortium (BRC) audit earlier this month. The classification “AA” was introduced by the BRC as […]

Egypt’s citrus fruits exports rise to 1.22m tons as world’s second exporter

EGYPT – Egypt has exported 1,220,999 million tons of citrus abroad since the beginning of the new export season of fruits and vegetables, according to the ministry of Agriculture in the country, Ahmed al-Attar, the […]

Finish packaging group Huhtamaki inaugurates US$26.03m packaging plant in Egypt

EGYPT – Huhtamaki, a global food packaging firm based in Finland, has inaugurated a new state-of-the-art flexible packaging facility in Egypt at an investment worth US$26.03 million. The food and drinks packaging major said that […]

Egypt’s Arabian Food Co reports 151% growth in profits as sales surge

EGYPT – The Arabian Food Industries Co, an Egyptian food and beverage company popularly known as Domty, has announced 151% growth in consolidated profits toUS$8.93 million (LE154.6m) during 2018 financial year up from US$3.55 million […]