Edita to begin construction of second phase of new plant in 2017, plans to accommodate 11 production lines
Edita Food Industries (EFID.CA) announced that it will start building the second phase of its newest factory (E08) in Sixth of October's Polaris Al-Zamil district in 2017, with production expected to commence by end of that year. The factory is to be built over two phases, with cost of the first phase (land and buildings) estimated at EGP200 million, which the company should complete the payment for during 2016, said Hani Berzi, the company's Chairman and CEO. Edita plans to add 11 new production lines for the new Hostess products, which the company had recently acquired the rights to manufacture in the Middle East, and to extend its distribution of some goods it already has rights for to 12 additional countries, Berzi added. On another note, Edita's strudel line, which started its trial phase in February 2016, is scheduled to start commercial production in April 2016.The company is still assessing which line the remaining area at its E07 plant will accommodate. (Al Borsa) Edita Food Industries: EGP34.97 as of 31 March 2016, Rating: Neutral, FV: EGP33.00 per share, MCap: USD1,428 million, EFID EY / EFID.CA
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.