The Olivee Company for Production & Agricultural Manufacturing has begun operations at its new EGP 250 mn olive oil factory, head of exports Ahmed Ismail told Al Borsa. The factory raises the company’s annual capacity to 25k tonnes from 15k tonnes last year, he added. 95% of production goes to export to balance increased production costs and USD-based imports, he said. The company is looking to expand into Saudi Arabia, UAE, Libya, and Sudan, as well as into other non-Arab markets.