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Thursday, 19 May 2016

Siwa mineral water inaugurates EGP 12 mn production line

Siwa mineral water has inaugurated an EGP 12 mn production line with a capacity of 9 mn bottles a month, according Al Borsa. The new line will double the company’s output, Chairman Ayman Fathy says, in time to meet the growing demand in summer months. Fathy says the company is suffering from the increased overlays that followed the EGP devaluation, but it is unable to raise prices due to ongoing contracts with a number of hotels and restaurants.

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