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English news

27-Jan-2016

Juhayna to pump EGP600 million in new investments in 2016

Juhayna Food Industries (JUFO.CA) is planning to inject EGP600 million in investments for its 2016 expansion plan. The new investments will be directed towards: i) purchasing new production lines to increase capacity, especially for juice production to meet both local and export demand; and ii) establishing four new selling and distribution centres across Delta and Upper Egypt; and iii) completing the company’s new dairy farm (herd to reach 4,000 cows). (Mubasher)   Juhayna: EGP7.08 as of 26 January 2016, Rating: Buy, FV: EGP11.00 per share, MCap: USD851 million, JUFO EY / JUFO.CA

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